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400 E 12th St
Oakland, CA 94606

Retail Property For Sale · 18,204 SF

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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

Unit Size	2,483 SF	Floors	3
No. Units	1	Typical Floor Size	6,895 SF
Total Building Size	18,204 SF	Year Built	2005
Property Type	Retail (Condo)	Tenancy	Single
Property Subtype	Storefront Retail/Residential General Retail Convenience Store General Retail Restaurant Industrial Service	Lot Size	0.17 AC
Sale Type	Investment or Owner User	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Building Class	C	Sale Conditions	1031 Exchange Building in Shell Condition

Unit Size	2,483 SF
No. Units	1
Total Building Size	18,204 SF
Property Type	Retail (Condo)
Property Subtype	Storefront Retail/Residential General Retail Convenience Store General Retail Restaurant Industrial Service
Sale Type	Investment or Owner User
Building Class	C
Floors	3
Typical Floor Size	6,895 SF
Year Built	2005
Tenancy	Single
Lot Size	0.17 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Sale Conditions	1031 Exchange Building in Shell Condition

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	14.08%

Unit Size	2,483 SF
Condo Use	Office/Retail
Sale Type	Investment or Owner User
Cap Rate	14.08%
NOI	$63,360
Sale Conditions	1031 Exchange, Building in Shell Condition
APN/Parcel ID	020-0125-021-00

Sale Notes

Price Reduced!

zoning

Zoning Code	CN-3 (CN- zoning intends to create, improve, and enhance area neighborhood commercial centers that have a compact, vibrant pedestrian environment.)
CN-3 (CN- zoning intends to create, improve, and enhance area neighborhood commercial centers that have a compact, vibrant pedestrian environment.)

Learn More About Investing in Retail Properties

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Listing ID: 29253623
Date on Market: 8/11/2023
Last Updated:
Address: 400 E 12th St, Oakland, CA 94606

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