557 Merrimac St - 557 Merrimac St & 550 27th St
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557 Merrimac St - 557 Merrimac St & 550 27th St
0.33 Acres of Commercial Land Offered at $2,490,000 in Oakland, CA 94612
Executive Summary
Residential Development Opportunity located near the Uptown/Pill Hill area in Oakland. Entitlements for a 40 unit building (expiration of entitlements to be verified with the city of Oakland).
Two (2) street frontage on both Merrimac and 27th Streets. Property consists of 14,182 sq.ft. (.33 acres). RU-5 zoning. The property is located near the City’s major arterials and public transportation. This is a REO sale.
Two (2) street frontage on both Merrimac and 27th Streets. Property consists of 14,182 sq.ft. (.33 acres). RU-5 zoning. The property is located near the City’s major arterials and public transportation. This is a REO sale.
Property Facts
| Price | $2,490,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Apartment Units |
| Sale Conditions | REO Sale | Total Lot Size | 0.33 AC |
| No. Lots | 1 | Cross Streets | Telegraph AVe |
| Property Type | Land |
| Price | $2,490,000 |
| Sale Type | Investment |
| Sale Conditions | REO Sale |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.33 AC |
| Cross Streets | Telegraph AVe |
1 Lot Available
Lot
| Price | $2,490,000 | Lot Size | 0.33 AC |
| Price Per AC | $7,658,828 |
| Price | $2,490,000 |
| Price Per AC | $7,658,828 |
| Lot Size | 0.33 AC |
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Walk Score ®
Walker's Paradise (97)
Transit Score ®
Excellent Transit (73)
Bike Score ®
Biker's Paradise (99)
PROPERTY TAXES
| Parcel Number | 009-0689-040-01 | Improvements Assessment | $0 |
| Land Assessment | $2,475,000 | Total Assessment | $2,475,000 |
PROPERTY TAXES
Parcel Number
009-0689-040-01
Land Assessment
$2,475,000
Improvements Assessment
$0
Total Assessment
$2,475,000
zoning
| Zoning Code | RU-5 |
| RU-5 |
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Presented by
Western Management Properties
557 Merrimac St - 557 Merrimac St & 550 27th St
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