4201 Bancroft Ave, Oakland, CA

This property features an assemblage of two contiguous parcels situated on a half-city block at the signalized corner of Bancroft Avenue, 42nd Avenue, and High Street. The location is approximately one-half mile from both the 880 Freeway and the Fruitvale BART station. The City of Oakland CC-1 Zoning allows for multifamily housing, mixed-use developments, educational facilities, healthcare and wellness centers, and retail or food and beverage establishments 'By Right'. The area benefits from exceptional demographics, including 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 intersection of 42nd Avenue and International Boulevard experiences high traffic, with 14,110 vehicles per day, and is located 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 at 4201 Bancroft Avenue, as well as the Island City of Alameda and the Foothills of Oakland. A Clear Channel billboard on the property, facing High Street, generates monthly income.