1508 Madison St Oakland, CA 94612
7,000 SF parking lot near Lake Merritt BART station.
Property Features for 1508 Madison St
General Information
- Standard status
- Active
Source:
Corcoran
Listing Agent: Terrence Jones
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Oakland Parking Lot For Sale
The property at 1508 Madison Street is currently leased as a parking lot, generating an income of $2,000 per month. The tenant operates under a month-to-month lease, which can be terminated with a 30-day notice. The lot is approximately 7,000 square feet, featuring a 50-foot frontage on Madison Street and a depth of 140 feet. The property is believed to be zoned R-90, a designation that typically includes residential areas and small multi-unit buildings. A building located four lots south of the subject property on Madison Street, constructed on a similarly shaped and sized lot, houses 34 apartment units built in 1910. The property benefits from excellent access to public transit, with the Lake Merritt BART Station a 9-minute walk away. The property is being marketed as is, without any entitlements in place. Potential buyers are responsible for verifying all details regarding permissible construction and operations at this location. The property could be suitable for automotive or retail purposes.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Zipcar
Car Rental Agency
Similar Places Nearby
E-D Coat Inc, U-Haul Neighborhood Dealer, SUV Rental Oakland, Long Term Car Rental Oakland, Thrifty Car Rental - Tsh Oakland Marriott TLE
Location Insight
- Map
- Local Demand
- City
- Oakland
- County
- Alameda
- State
- California
- Longitude
- -122.2629984
- Latitude
- 37.8025449
Nearby Similar for Sale
FAQs
What type of property is this?
Parking lot & garage - 7,000 SF parking lot near Lake Merritt BART station.
Where is this parking lot & garage located?
The property is located at 1508 Madison St Oakland, CA.
What is the asking price?
The asking price for this property is $1,073,000.
What are key features of this property?
This property features: - High-Density Residential Zoning (R-90) potentially allows for multi-unit development.; - Prime Location: A 9-minute walk to Lake Merritt BART Station provides excellent public transit access.; - Income-Generating: Currently leased as a parking lot, generating $2,000 monthly income.