347 E. 18th St | Oakland, CA 94606
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- LoopNet Team
347 E. 18th St
Oakland, CA 94606
Land For Sale · 0.23 AC
Investment Highlights
- Plans are available for a four-story mixed-use 30 unit building walking distance to Lake Merritt and downtown Oakland
- Plans call for 3 commercial retail/office units on the ground floor and 27 residential units on the upper floors
- Property situated in Opportunity Zone offering investment tax benefits
- Corner lot conveniently located near major transportation corridors and public transit
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 0.23 AC |
| Property Subtype | Commercial | Cross Streets | 4th Ave |
| Proposed Use | Multifamily |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 0.23 AC |
| Cross Streets | 4th Ave |
Description
SUMMARY: Great opportunity to make this project a reality. The property is just a short walk to Lake Merritt, downtown Oakland, BART and a short commute to San Francisco. With the potential tax benefits from being in an Opportunity Zone, this project offers investment appeal. Along with the 3 ground floor commercial retail/office units, the current plans reflect 24-1 bedroom, 1 bath units and 3-3 bedroom, 2 bath residential units.
PROPERTY TAXES
| Parcel Number | 021-0223-003-01 | Improvements Assessment | $0 |
| Land Assessment | $1,331,237 | Total Assessment | $1,331,237 |
PROPERTY TAXES
Parcel Number
021-0223-003-01
Land Assessment
$1,331,237
Improvements Assessment
$0
Total Assessment
$1,331,237
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