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    229 International Blvd Oakland, CA 94606

    Sponsored
    For Sale
    $6,500,000

    Prime Oakland location, development potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 20,200 square foot vacant land parcel presents a significant investment opportunity in Oakland, California. Located at 229 International Boulevard, this property boasts a highly desirable location, just steps from Lake Merritt and Laney College, offering convenient access to public transportation (BART) and major freeways (I-580 and I-880). The site is zoned LM-85 with CUP, D-LM-1, and S-14, allowing for diverse development options. Potential uses include multi-family homes, mixed-use condo/apartment buildings, and residential care/senior care facilities. Previous approvals included a plan for a 94-unit apartment building with ground-floor retail and basement parking (permit expired). The asking price is $6,500,000, translating to $371.29 per square foot. This property's strategic location, combined with its flexible zoning and substantial size, makes it an ideal prospect for developers seeking to capitalize on Oakland's thriving real estate market. The Alameda County Assessor's Parcel Number (APN) is 020-0127-006-03. The property is offered for sale by owner.

    Property Features for 229 International Blvd

    General Information

    Property type
    Land

    HighLights

    • High‑density commercial/residential mixed‑use zoning.
    • Prime location: minutes from Lake Merritt, Laney College, and BART.
    • 20,200 square foot lot (0.4646 acres) suitable for multi‑family homes, mixed‑use condo/apartment buildings, or senior care facilities.
    • Previous approval for a 94‑unit apartment building with ground‑floor retail (permit expired; plans available).
    • APN: 020‑0127‑006‑03.
    Property Profile Location Intelligence

    Current Use by Public Records

    Zline Cabinet Manufacturing ... Cabinet Maker

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Oakland
    County
    Alameda
    State
    California
    Longitude
    -122.2560902
    Latitude
    37.7973883

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    FAQs

    What type of property is this?
    Land - Prime Oakland location, development potential.
    Where is this land located?
    The property is located at 229 International Blvd Oakland, CA.
    What is the asking price?
    The asking price for this property is $6,500,000.
    What are key features of this property?
    This property features: High-density commercial/residential mixed-use zoning.; Prime location: minutes from Lake Merritt, Laney College, and BART.; 20,200 square foot lot (0.4646 acres) suitable for multi-family homes, mixed-use condo/apartment buildings, or senior care facilities.
    (510) 589-6216
    Request Owner's contact information
    229 International Blvd Oakland, CA 94606
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    Oakland, CA 94606
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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
    229 International Blvd Oakland, CA 94606
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