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Freestanding Commercial Building with Billboard

2515 Seminary Ave, Oakland, CA 94605

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For Sale

$1,400,000

Renovated 6,200 SF building with income and flexible zoning.

Type:Commercial

Property size:

6,200 SF

Lot size:

0.17 Acres

Price / SF:

$225/SF

HighLights

Fully leased 6,200 SF commercial building generating income
Leased billboard provides additional income stream
CN‑3 zoning allows for a wide range of commercial uses
Renovated building boasts 25‑ft ceilings, roll‑up and drive‑in doors, showroom, and private offices
New roof with 10‑year warranty (installed January 2026)
High‑traffic intersection location near Bancroft Ave

We can help!

Contact an agent

Maria Shlychkova

For Sale

$1,400,000

Renovated 6,200 SF building with income and flexible zoning.

Type:Commercial

Property size:

6,200 SF

Lot size:

0.17 Acres

Price / SF:

$225/SF

Added:: Mar 10, 2026
Days on Market:: 120
Last Refresh:: Jul 2 at 4:28 pm

Property Features for 2515 Seminary Ave

General Information

Standard status: Active
Size: 6,200 SF
Lot size: 0.17 Acres
Property subtype: Commercial

Building Details

Year Built: 1928

We can help!

Contact an agent

Maria Shlychkova

Listing office CENTERMAC REALTY, INC.

Listing date Mar 10, 2026

Source Elliman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of CENTERMAC REALTY, INC.

HighLights

Fully leased 6,200 SF commercial building generating income
Leased billboard provides additional income stream
CN‑3 zoning allows for a wide range of commercial uses
Renovated building boasts 25‑ft ceilings, roll‑up and drive‑in doors, showroom, and private offices
New roof with 10‑year warranty (installed January 2026)
High‑traffic intersection location near Bancroft Ave

Overview

This is a renovated freestanding commercial building offering 6,200 square feet of space. The property includes a leased billboard, providing additional income. The building features 25-foot ceilings, roll-up and drive-in doors, a showroom area, and private offices. There are also two restrooms. A new roof with a 10-year warranty was installed in January 2026. The property is situated on a 7,341 square foot lot and is zoned CN-3, which allows for a wide range of commercial uses. It is located at a high-traffic intersection near Bancroft Ave. The property is fully leased.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$133.9k	$21.60
− Vacancy	−$10.0k	−$1.62
EGI	$123.9k	$19.98
− OpEx	−$37.2k	−$5.99
NOI	$86.7k	$13.99

6,200 SF · lease $21.60/SF/yr · vacancy 7.50% · expense 30.00%

Alternative Uses

Best Use

Retail

$1.24M

$1.08M – $1.45M (±1% cap)

NOI $86,713 @ 7.0% cap · market cap 6.19%

Second Best

Flex RnD

$880.2K

$770.1K – $1.03M (±1% cap)

NOI $61,611 @ 7.0% cap · market cap 4.40%

Theoretical Best

Multifamily LT 5

$1.79M

$1.57M – $2.09M (±1% cap)

NOI $125,500 @ 7.0% cap · market cap 8.96%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Fitness Gym Oakland Gym & Fitness Center FITNESS GYM Nutrición ... Gym & Fitness Center

Suggested Use

Similar Places Nearby

Bamboo River Catering — 6164 Laird Ave, Oakland, CA 94605
Win Family Catering — 1214 58th Ave, Oakland, CA 94621
Hook You Up Catering and BBQ Services. — Curbside Services Only, East Bay Area, 2420 Renwick St, Oakland, CA 94601
QINGKACHI — 5015 MacArthur Blvd, Oakland, CA 94619

Location Insight

Map
Local Demand

City: Oakland
County: Alameda
State: California
Longitude: -122.192
Latitude: 37.7711

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For sale
Flex space
CA
Oakland
94605
2515 Seminary Ave

What type of property is this?

Flex space - Renovated 6,200 SF building with income and flexible zoning.

Where is this flex space located?

The property is located at 2515 Seminary Ave Oakland, CA.

What is the asking price?

The asking price for this property is $1,400,000.

What are key features of this property?

This property features: Fully leased 6,200 SF commercial building generating income; Leased billboard provides additional income stream; CN‑3 zoning allows for a wide range of commercial uses