1435 High St, Oakland, CA

This property comprises two signalized corner parcels, forming a contiguous assemblage that spans half a city block. The site fronts Bancroft Avenue, 42nd Avenue, and High Street. Situated approximately half a mile from both the 880 Freeway and the Fruitvale BART station, the location offers convenient access to transportation. The City of Oakland CC-1 Zoning allows for multifamily housing, mixed-use developments, educational facilities, healthcare and wellness centers, as well as retail and food and beverage establishments. The area benefits from exceptional demographics, with an average household income exceeding $118,537 and a population of over 493,227 residents within a 5-mile radius, according to the 2022 Census. The property is located at a high-traffic intersection of 42nd Avenue and International Boulevard, with a traffic volume of 14,110 vehicles per day, and is just off the 880 Freeway, which sees 210,000 vehicles per day, according to the 2022 Census. The 880 Freeway serves as a major commuter and commercial route in the East Bay, connecting the San Francisco/Oakland Bay Bridge to San Jose/Silicon Valley and providing access to Downtown Oakland, the Port of Oakland, Oakland International Airport, and Alameda County. The High Street/42nd Avenue exit from the 880 Freeway provides access to the site, the Island City of Alameda, and the Foothills of Oakland. A Clear Channel billboard on the property, facing High Street, generates monthly income.