Prime ±1.5-Acre Lot in Bay Area | 2103 San Pablo Ave
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Prime ±1.5-Acre Lot in Bay Area 2103 San Pablo Ave
31,339 SF Vacant Industrial Building Online Auction Sale Oakland, CA 94612
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Investment Highlights
- 2103 San Pablo Avenue is an industrial building on a 1.52-acre lot in Uptown Oakland offering investors a rare large-scale development opportunity.
- Zoned for mixed-use commercial and residential, this site presents a unique opportunity to repurpose Oakland’s largest contiguous parcel.
- Easy access and unparalleled convenience to Oakland International and San Francisco International Airports and Oakland Amtrak station.
- Positioned along San Pablo Avenue, Thomas L Berkley Way, and Castro Street, the asset benefits from excellent visibility and accessibility to I-980.
- Strong demand for housing and commercial space with a dense population of 500,000 residents where 64% of households are renter-occupied.
- Oakland’s Uptown neighborhood has undergone significant revitalization, with over 50 multifamily projects completed in the last decade.
Executive Summary
2103 San Pablo Avenue, this 31,339-square-foot industrial flex building sits on a 1.52-acre lot in the heart of Oakland, California. Previously occupied by Greyhound Bus Lines, 2103 San Pablo Avenue offers investors a rare large-scale development opportunity. This unique asset offers high visibility to nearly 20,000 daily vehicles along San Pablo Avenue, Thomas L Berkley Way, and Castro Street. The site includes ample parking, a distinctive Art Deco design, prominent signage, and bus fueling and maintenance facilities, featuring a 15,000-gallon diesel underground storage tank equipped with a leak detection system. Zoned for mixed-use commercial, residential, and light industrial, this property provides a rare opportunity for investors to repurpose or redevelop in line with the needs of Uptown Oakland. 2103 San Pablo Avenue is the area's largest single contiguous development parcel, this property presents a once-in-a-generation chance for large-scale development.
The property is strategically located with direct access to major transportation routes, including Interstate 980, which connects to Interstates 880 and 580, offering easy access across the Bay Area. It is just three blocks from the 19th Street BART station, enhancing its commuter connectivity. The surrounding area boasts a dense population of 500,000 residents within a 5-mile radius and strong consumer spending of $7.1 billion annually. With 64% of the households in the area being renter-occupied, this site is ideal for residential or mixed-use development. Furthermore, the Uptown neighborhood’s rapid growth is supported by over 50 multifamily projects developed in the last decade and 20 new high-rise projects under construction.
Oakland’s Uptown neighborhood is a vibrant cultural hub, blending historic charm and modern amenities. The area has been revitalized into the city’s official Arts and Culture District, attracting both locals and visitors with its iconic venues like the Fox Oakland Theater and the Paramount Theatre. With close proximity to major retailers like Whole Foods, Target, Ikea, and more. Locals and travelers enjoy easy access and unparalleled convenience to Oakland International and San Francisco International Airports, and Oakland Amtrak station. This unique opportunity to invest in a significant Oakland property positions developers to capitalize on a flourishing market, making 2103 San Pablo Avenue a prime site for future growth and success.
The property is strategically located with direct access to major transportation routes, including Interstate 980, which connects to Interstates 880 and 580, offering easy access across the Bay Area. It is just three blocks from the 19th Street BART station, enhancing its commuter connectivity. The surrounding area boasts a dense population of 500,000 residents within a 5-mile radius and strong consumer spending of $7.1 billion annually. With 64% of the households in the area being renter-occupied, this site is ideal for residential or mixed-use development. Furthermore, the Uptown neighborhood’s rapid growth is supported by over 50 multifamily projects developed in the last decade and 20 new high-rise projects under construction.
Oakland’s Uptown neighborhood is a vibrant cultural hub, blending historic charm and modern amenities. The area has been revitalized into the city’s official Arts and Culture District, attracting both locals and visitors with its iconic venues like the Fox Oakland Theater and the Paramount Theatre. With close proximity to major retailers like Whole Foods, Target, Ikea, and more. Locals and travelers enjoy easy access and unparalleled convenience to Oakland International and San Francisco International Airports, and Oakland Amtrak station. This unique opportunity to invest in a significant Oakland property positions developers to capitalize on a flourishing market, making 2103 San Pablo Avenue a prime site for future growth and success.
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financial Statements
- Title and Insurance
- Third Party Reports
- Purchase Agreement
Market Analytics Click Here to Access
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Market Sale Price per SF
East Bay - CA USA
Market Cap Rate
East Bay - CA USA
Market Sale Price per SF by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Cap Rate by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Sale Price per SF Distribution
Market Cap Rate Distribution
Property Facts
| Sale Type | Investment | No. Stories | 1 |
| Sale Conditions | Auction Sale | Year Built | 1924 |
| Property Type | Industrial | Tenancy | Single |
| Building Class | C | Parking Ratio | 1.6/1,000 SF |
| Lot Size | 1.52 AC | Opportunity Zone |
Yes
|
| Rentable Building Area | 31,339 SF |
| Sale Type | Investment |
| Sale Conditions | Auction Sale |
| Property Type | Industrial |
| Building Class | C |
| Lot Size | 1.52 AC |
| Rentable Building Area | 31,339 SF |
| No. Stories | 1 |
| Year Built | 1924 |
| Tenancy | Single |
| Parking Ratio | 1.6/1,000 SF |
| Opportunity Zone |
Yes |
Walk Score ®
Walker's Paradise (96)
Transit Score ®
Excellent Transit (80)
Bike Score ®
Biker's Paradise (97)
DEMOGRAPHICS
Regional Accessibility
CITY
POPULATION
MILES
DRIVE TIME
San Francisco
883,305
11
0 h 19 m
San Jose
1,030,119
46
0 h 60 m
Fresno
530,093
174
3 h 28 m
Los Angeles
3,990,456
374
6 h 57 m
San Diego
1,425,976
485
9 h 8 m
Las Vegas
644,644
563
10 h 32 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
1,410,985
Total Labor Force
791,195
Unemployment Rate
3.70%
Median Household Income
$108,537
Warehouse Employees
81,066
High School Education Or Higher
89.50%
PROPERTY TAXES
| Parcel Number | 003-0039-003-00 | Improvements Assessment | $1,504,500 |
| Land Assessment | $10,098,000 | Total Assessment | $11,620,710 |
PROPERTY TAXES
Parcel Number
003-0039-003-00
Land Assessment
$10,098,000
Improvements Assessment
$1,504,500
Total Assessment
$11,620,710
zoning
| Zoning Code | CBD-X (Central Business District appropriate for a wide range of upper-story and ground-level residential, commercial, and compatible light industrial) |
| CBD-X (Central Business District appropriate for a wide range of upper-story and ground-level residential, commercial, and compatible light industrial) |
Sale Advisors
Sale Advisors
Tony Park, Senior Vice President
(510) 433-5824
Contact
Tony specializes in land and development transactions. His career encompasses 20+ years in commercial and residential real estate investment, development and consulting in the Western U.S. Past notable employers include Prudential, a global real estate investment company, RREEF/Deutsche Bank, a global pension fund advisor, and Fairfield Residential, a national multifamily developer. Past entrepreneurial experience in other industries include energy efficiency, automotive, healthcare and technology.
Sid Ewing, Senior Vice President
(510) 433-5889
Contact
Sid, a professional with a 26-year brokerage career, specializes in the acquisition/disposition, leasing, and development of commercial real estate in the Bay Area. He boasts an impressive portfolio representing notable corporations like Kaiser Permanente, Chevron, Ask.com, and more. With a focus on the medical industry, he's been pivotal in representing various medical users, developers, and owners of medical offices and clinics across Northern California.
Currently serving as a Fellow representing Colliers in Northern California for their national healthcare team, Sid's expertise shines in Oakland's market. His involvement in listing iconic office towers such as the Orway, Lake Merritt Towers, and others in the area speaks volumes about his contributions to the region's growth.
Known for exceeding his clients’ expectations and managing complex real estate challenges, Sid takes pride in being the go-to person for multi-market projects, collaborating with colleagues from different regions. His dedication to nurturing relationships with both clients and colleagues underscores his commitment to the industry.
Before joining Colliers International in 2015, Sid honed his skills in brokerage at JLL and CBRE, kickstarting his impressive professional journey in the field.
Currently serving as a Fellow representing Colliers in Northern California for their national healthcare team, Sid's expertise shines in Oakland's market. His involvement in listing iconic office towers such as the Orway, Lake Merritt Towers, and others in the area speaks volumes about his contributions to the region's growth.
Known for exceeding his clients’ expectations and managing complex real estate challenges, Sid takes pride in being the go-to person for multi-market projects, collaborating with colleagues from different regions. His dedication to nurturing relationships with both clients and colleagues underscores his commitment to the industry.
Before joining Colliers International in 2015, Sid honed his skills in brokerage at JLL and CBRE, kickstarting his impressive professional journey in the field.
About the Auction Platform
Ten-X Commercial is the leading end-to-end digital transaction platform for commercial real estate. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
Read More
Auction Contact
Mary Humphreys
Contact
Auctioneer License:
Ten-X Jessica Figueroa RE Brkr 01937601. Ten-X Auction Surety Bond 106465786
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Transaction Fee Schedule
Based on Percentage of Winning Bid Amount.
Winning Bid Amount
Transaction Fee
$0m to < $1m
5.00% ($20,000 min)
$1m to < $3m
3.00%
$3m to < $5m
2.50%
$5m to < $10m
2.25%
$10m to < $15m
2.00%
$15m to < $25m
1.75%
$25m to < $35m
1.50%
$35M to < $45M
1.00%
$45M to < $55M
0.75%
$55M and Up
0.50%
Example Calculation
Winning Bid Amount
$4,000,000
Transaction Fee
$100,000 (2.5%)
Total Purchase Price
$4,100,000
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Prime ±1.5-Acre Lot in Bay Area | 2103 San Pablo Ave
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