The Ivy Group is pleased to offer FOR SALE a free standing commercial building located a federal designated Opportunity Zone in Oakland, CA.
The property has been granted full entitlements for 15 units redevelopment.
The property is in the RU5 Zone, which permits one unit for every 450 square feet of site area. The project includes a 35% density bonus, which would allow for a maximum of three story with 12 residential condominium units, as well as the conversion of the existing warehouse space into 3 work/live spaces on the ground floor. Please refer to City of Oakland Tentative Map (TPM 10928).
The project will provide 11% affordable housing units and qualifies for a density bonus due to occupancy by low income households.
The property is warehouse and is currently vacant. It is served by existing utilities and roads in the urban area of Oakland. The site is physically suitable for density of development, with frontage on two public streets (Foothill Blvd and Bridge Avenue).
This is a unique opportunity for a developer, and/or owner user to occupy the property for a variety of uses including retail and warehousing.
Due Diligence
Highlights
Building Size
± 3,253 SF
Lot Size
± 3,639 SF (± 0.083 acres)
Year Built
1946
Power
125 A, 120V / 208 V 3 Ø
Zoning
RU5
Use
Retail / warehouse / redevelopment
Bart Station
± 0.6 miles to Fruitvale BART Station
Bus Stop
Walking distance to major bus stops and public transportation nodes
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
Cookie
Duration
Description
cookielawinfo-checbox-analytics
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checbox-functional
11 months
The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checbox-others
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-necessary
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-performance
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy
11 months
The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.