CA > Oakland
Oakland, CA 94606,1901 Park Blvd
Oakland, CA 94606,1901 Park Blvd
Oakland, CA 94606,1901 Park Blvd
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$1,500,000
Est. payment /mo
7,840 Sqft Lot
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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 41101723

HOA Y/N No

Year Built 1965

Lot Size 7,840 Sqft

Property Description

This is a prime covered land development opportunity located at 1901 Park Blvd in Oakland, CA 94606. The highly visible site offers flexible development potential, with plans for either a 12-condominium or 23-condominium building, featuring 3,664 square feet of flexible retail space, over 3,000 square feet of rooftop lounge, and 5,346 square feet of parking garage space. The 23-condominium plan will be entitled by June 30, 2025, with AH impact fees exempted due to the inclusion of two affordable units. The seller has also paid over $400,000 on engineering designs, which are ready to be submitted for building permits. If the buyer prefers to utilize the land for other business purposes and wants to add an underground garage (currently approved at 5,346 square feet), the seller offers to cover the demolition, excavation, disposal costs, which are quoted at over $1,000,000 in value (the buyer will be responsible for pouring the concrete). In any case, the seller offers to clean up the site and complete the agency-approved remediation before handing the land over to the buyer. These flexible offerings present a rare opportunity to secure a centrally located, entitlement-advantaged property with substantial cost savings and development upside.

Location

State CA

County Alameda

Zoning CN-3

Interior

Fireplace No

Others

Tax ID 0210229012

Read Less Info
California Regional MLS (CRMLS)
Listed by Ken Wu • Compass

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