The offering consists of 3751 International Boulevard is a two-story mixed-use property and includes adjacent land parcels that offers one of the last contiguous assemblages in the heart of the Fruitvale Business Improvement District. With a commercial & residential mixed-use building along International Blvd. and vacant parcels of land at the rear of the property, the property provides prominent corner street frontage along International Boulevard and includes unobstructed egress from along 37th & 38th Avenues. At approximately 38,124 square feet (.875 acres) in Lot Size, and a 75 - 90 foot height limit, the potential is tremendous for highest and best uses, but will likely lend itself to a mixed-use strategy. The property is also located within a Federal Opportunity Zone, designed to promote major investment in targeted communities. With a limited number of current commercial occupants, a developer should be quite motivated to move quickly on this asset, and meet the buyer’s time criteria.
The property is also located within ¼ mile of the Fruitvale BART station which is one of the busiest stations in the BART system (14th of 50 stations) due to its convenience to numerous bus lines, adjacent neighborhood density, and proximity to the City of Alameda and Oakland hills. The Fruitvale District is one of the densest residential neighborhoods in Oakland and is well-known for its eclectic and strong local retail base consisting of independent and ethnic retailers, markets, and restaurants. This property is also close to a variety of community services, schools, and retail, making this an ideal location to support workforce housing.
