I-80 & Powell Redevelopment | 5800 Christie Ave
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I-80 & Powell Redevelopment 5800 Christie Ave
16,000 SF Retail Building Emeryville, CA 94608 $8,950,000 ($559/SF)
Investment Highlights
- The property is located in the ideal area for a vertical development due to the Transit Hubs (TH) Overlay and the Mixed Use with Residential (MUR)
- There are numerous vertical developments at various stages nearby
- SBA Financing is available for owner users
- The owner will consider quick close offers at a reasonable discount with shorter due diligence periods and closing time frames
- Emeryville has been the preferred destination for retailers and life science projects over neighboring Oakland
Executive Summary
The subject property is a high-profile redevelopment/owner-user opportunity in a central Emeryville location, one block from I-80, AmTrak, and The Public Market. Flexible zoning allows for mixed-use, multi-residential, assisted living, office, hotel, retail, cannabis sales, and more. The existing 16,000 SF building has major visibility at a signalized intersection 2.3 miles from the Bay Bridge toll plaza.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
16,000 SF
Building Class
C
Year Built
1968
Price
$8,950,000
Price Per SF
$559
Tenancy
Single
Building Height
1 Story
Building FAR
0.46
Lot Size
0.79 AC
Zoning
M-U - Mixed-use Zoning
Parking
33 Spaces (2.06 Spaces per 1,000 SF Leased)
Walk Score ®
Very Walkable (88)
Bike Score ®
Biker's Paradise (91)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 049-1493-007-04 | Improvements Assessment | $4,699,571 |
| Land Assessment | $979,668 | Total Assessment | $5,679,239 |
PROPERTY TAXES
Parcel Number
049-1493-007-04
Land Assessment
$979,668
Improvements Assessment
$4,699,571
Total Assessment
$5,679,239
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I-80 & Powell Redevelopment | 5800 Christie Ave
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