Property Listing No Longer Available for Sale

2764 73rd Ave, Oakland, CA

Retail for Sale - $2,600,000 - 9,496 Sq. Ft. on 0.12 acres


Property Info

CIMLS#1082509
Location
  2764 73rd Ave
  Oakland CA 94605
UpdatedFebruary 16th, 2021
TypeRetail
Price$2,600,000
Building9,496 Sq. Ft.
Land0.12 acres

Property Description

This Eastmont Building is a two-story mixed-use building in one of Oakland’s most rapidly developing districts.? The building is approximately 9,496 square feet and is currently demised into a mix of five ground-floor retail units and eight second-floor residential units.? The residential units range in size from 425 square feet to 575 square feet, while the retail units range in size from 800 square feet to 1,300 square feet.? The building is at the intersection of the Southwest corner of 73rd Avenue and MacArthur Boulevard, which is heavily traveled, and on the MacArthur Blvd and Foothill Blvd junction.? A coin-operated laundry room may be added between the units on the 2nd floor for added income.? 24-hour video surveillance is placed on the second floor in the hallway.? Major capital improvements to the building have been completed with the help of Oakland’s Revitalization Façade Improvement Grant program.? New storefront windows and doors were installed in 2006, along with partial plumbing and electrical upgrades, newly stuccoed exterior walls, and new mailboxes.? Between 2018-2020 a new roof was replaced, exterior and interior walls were repainted, and new appliances installed.? The bathrooms were remodeled in most residential units with new or refinished hardwood floors.?


Financials

Exterior and Interior Recently Painted

New Roof in 2018

5 Units Recently Partially Upgraded

Added on Value Opportunity

Corner Lot

Good visibility

Separately Metered for gas and electricity

Anchor Tenants: Metro By T-Mobile and Check Cashing/Pay-Day Loans

Frontage/Access: 73rd Ave-100 ft and MacArthur Blvd-51 ft

Opportunity Development Zone