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Warehouse =opportunities 954 86th Ave

3,116 SF Industrial Building Oakland, CA 94621 $899,000 ($289/SF)

Investment Highlights

  • Custom iron front gate for added security.
  • Over 12ft. in height, storage up above
  • This warehouse has several potential uses. The owner had a successful business of iron works for the past 20 years.
  • Open plan with office and 1.5 baths.
  • Clean and well maintained building

Executive Summary

This 3,100 square foot warehouse offers versatile opportunities! Here are several potential uses for the space:
*** 1. **E-commerce Fulfillment Center**
- **Use Case**: With the rise of online shopping, this warehouse can serve as a fulfillment center for e-commerce businesses. It can house inventory, manage order processing, and facilitate shipping.
- **Potential**: High demand for space to store products and streamline logistics, especially for local and regional delivery.
*** 2. **Manufacturing or Light Assembly**
- **Use Case**: The space can be utilized for light manufacturing or assembling goods, especially if it’s equipped with adequate power supply and ventilation.
- **Potential**: Proximity to urban centers can facilitate easy distribution of products to local markets.
*** 3. **Distribution Hub**
- **Use Case**: The warehouse could serve as a distribution hub for local businesses that need to efficiently manage inventory and deliver goods.
- **Potential**: Increased demand for local distribution centers helps businesses reduce shipping times and costs.
*** 4. **Art and Creative Space**
- **Use Case**: The area could be developed into artist studios, galleries, or creative workspace. Oakland has a vibrant arts community that may seek affordable spaces for creation and exhibition.
- **Potential**: Strong cultural appeal in the area can attract artists and creative businesses.
*** 5. **Event Space**
- **Use Case**: The warehouse can be transformed into an event venue for concerts, art shows, or corporate events. Unique architecture often appeals to clients looking for special settings.
- **Potential**: Demand for unique event spaces can lead to attractive rental income.
*** 6. **Indoor Farming or Urban Agriculture**
- **Use Case**: With the focus on local and organic produce, the space could be utilized for indoor farming or hydroponics.
- **Potential**: Growing trend of urban agriculture meets consumers' increasing preference for locally sourced food.
*** 7. **Storage Facility**
- **Use Case**: The space can serve as a self-storage facility for individuals or businesses needing extra room for items.
- **Potential**: Oakland's housing challenges can make storage solutions very appealing to residents looking to store belongings.
*** 8. **Co-Working Space**
- **Use Case**: The warehouse could be converted into a co-working space for freelancers and remote workers.
- **Potential**: A growing number of professionals seek flexible workspaces, particularly in urban areas.
*** 9. **Showroom or Retail Space**
- **Use Case**: A section of the warehouse could be used as a showroom for products such as furniture, bicycles, or home decor.
- **Potential**: Hybrid retail models combining e-commerce and physical presence are increasingly popular.
*** 10. **Training or Workshop Space**
- **Use Case**: Use the warehouse for educational purposes, such as providing training sessions or workshops in various trades or skills.
- **Potential**: Companies and individuals are often looking for hands-on training opportunities in various industries.
### Zoning Considerations
Before committing to a specific use, it is essential to check local zoning laws and regulations, as they can greatly affect what activities are permissible. Working with local real estate professionals and legal advisors can help navigate this aspect effectively.
### Market and Networking Potential
Oakland's strategic location near the Bay Area, docking facilities, and cultural richness presents a great opportunity to build networks and cater to both local and larger markets. Collaborative ventures or partnerships with other local businesses could expand market reach.
Annual property taxes: $7,200
Annual insurance: approx. $5,000
Available to show by appt. with listing agent Diana Torres 510-501-5368.

Property Facts

Price $899,000
Price Per SF $289
Sale Type Investment or Owner User
Sale Conditions 1031 Exchange
Property Type Industrial
Property Subtype
Manufacturing
  • Flex Light Manufacturing
  • General Retail Auto Repair
  • Industrial Warehouse
Building Class F
Lot Size 0.10 AC
Rentable Building Area 3,116 SF
No. Stories 1
Year Built 1968
Tenancy Single
No. Drive In / Grade-Level Doors 1
Opportunity Zone Yes

Amenities

  • Signage
  • Skylights
  • Reception
  • Storage Space
  • Air Conditioning

Utilities

  • Lighting
  • Gas
  • Water
  • Sewer
  • Heating

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
042-4283-025-00
Land Assessment
$81,987
Improvements Assessment
$409,938
Total Assessment
$491,925
  • Listing ID: 32286328

  • Date on Market: 6/28/2024

  • Last Updated:

  • Address: 954 86th Ave, Oakland, CA 94621

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