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    1215 High St Oakland, CA 94601

    Sponsored
    For Sale
    $3,400,000

    Prime Oakland location, 32,234 SF lot, development potential.

    Property size:
    11,232 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use development opportunity in Oakland, California, presents a unique chance to acquire three parcels totaling approximately 32,234 square feet. Located at 1215 High St, Oakland, CA 94601, this property includes three existing buildings totaling approximately 11,232 square feet, offering potential for immediate cash flow through redevelopment. The property is zoned CC-2, allowing for a wide range of uses, including community education, cannabis (delivery only), light industrial, residential, retail, and office spaces. Concept plans envision a roughly 22,770 square foot mixed-use building incorporating ground floor retail, parking, and upper-level retail, office, and cannabis (delivery only) spaces. However, buyers or developers are responsible for confirming development standards with the City of Oakland. The asking price is $3,400,000 ($302.71 per square foot), and seller financing is available. This property sits on a large corner lot and benefits from its location within an Opportunity Zone and Green Zone (delivery only), as well as a Recycling Market Development Zone and eligibility for New Market Tax Credits. The property's APN is 033-2153-017-03, 033-2153-007-02, and 033-2153-008-01. Built in 1939, this site presents a compelling investment opportunity for those seeking to capitalize on Oakland's dynamic real estate market. The property is currently vacant and offered as a NNN lease.

    Property Features for 1215 High St

    General Information

    Property type
    Manufacturing properties
    Square Feet
    11,232 SF

    Building Details

    Year Built
    1939

    HighLights

    • Mixed‑use development opportunity on a large corner lot in Oakland, CA.
    • Seller financing available.
    • Located in an Opportunity Zone and Green Zone (delivery only), also within a Recycling Market Development Zone, eligible for New Market Tax Credits.
    • Three parcels totaling 32,234 sq ft, asking price $3,400,000 ($302.71 PSF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Real Deal Auto ... Used Car Dealer

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Oakland
    County
    Alameda
    State
    California
    Longitude
    -122.2143323
    Latitude
    37.7729273

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    FAQs

    What type of property is this?
    Manufacturing property - Prime Oakland location, 32,234 SF lot, development potential.
    Where is this manufacturing property located?
    The property is located at 1215 High St Oakland, CA.
    What is the asking price?
    The asking price for this property is $3,400,000.
    What are key features of this property?
    This property features: Mixed-use development opportunity on a large corner lot in Oakland, CA.; Seller financing available.; Located in an Opportunity Zone and Green Zone (delivery only), also within a Recycling Market Development Zone, eligible for New Market Tax Credits.
    Request Owner's contact information
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    Oakland, CA 94601
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1215 High St Oakland, CA 94601
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