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400 E 12th St
Oakland, CA 94606
Retail Property For Sale
·
18,204 SF
INVESTMENT HIGHLIGHTS
- Located in the vibrant East Lake area.
- Strong demographics feature population of 46,000 within a one-mile radius.
- 31,350 daytime employees within a one-mile radius.
- Convenient to shopping, Lake Merritt, and Downtown Oakland.
- Median Household Income of $94,688 within a 3-mile radius.
EXECUTIVE SUMMARY
PRICE IMPROVEMENT!!!! Reduced to $498,000!!! Ground floor commercial/retail condominium. Project consists of this ground floor commercial/retail space, plus five residential condominiums (NOT INCLUDED IN SALE), and common areas, which include a parking garage (serving the residential condos exclusively), interior hallways, and a pleasant side yard on the 4th Avenue side of the building. Previously used as a restaurant, the commercial condo space in question features a large walk-in refrigeration facility and two large ADA restrooms. Seller has partially completed division of the whole into two separate spaces.
PROPERTY FACTS
AMENITIES
- Bus Line
- Corner Lot
- Courtyard
- Restaurant
- Signalized Intersection
- Tenant Controlled HVAC
- Storage Space
- Recessed Lighting
- Air Conditioning
1 UNIT AVAILABLE
Unit 400
| Unit Size | 2,483 SF | NOI | $63,360 |
| Condo Use | Office/Retail | Sale Conditions | 1031 Exchange, Building in Shell Condition |
| Sale Type | Investment or Owner User | APN/Parcel ID | 020-0125-021-00 |
| Cap Rate | 17.70% |
| Unit Size | 2,483 SF |
| Condo Use | Office/Retail |
| Sale Type | Investment or Owner User |
| Cap Rate | 17.70% |
| NOI | $63,360 |
| Sale Conditions | 1031 Exchange, Building in Shell Condition |
| APN/Parcel ID | 020-0125-021-00 |
SALE NOTES
Price Reduced!
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