385 14Th StOakland, CA 94607

Property Details for 385 14Th St

Year built

2021

Construction

STEEL FRAME

Lot size

1.38 AC

Property size (Sq ft)

652,524 SF

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

2-55-2

APU

2552

Description

This Class A retail property, located at 385 14th Street in Oakland, CA 94607, offers 16,015 square feet of versatile space within Alameda County's Downtown Oakland submarket. Seven suites are available, ranging from a minimum of 1,140 square feet to a maximum contiguous space of 8,430 square feet. The property is ideally situated in the heart of Downtown Oakland, adjacent to numerous new residential and Class A office buildings, ensuring high foot traffic and visibility. The surrounding area boasts a vibrant atmosphere with a variety of established restaurants, cafes, and bars, including Bocanova, Tribune Tavern, and Highwire Coffee. A newly opened Coco Noir Wine Bar is also located within the Atlas building. The property includes 25 dedicated retail parking spaces, a significant advantage in a bustling urban environment. The flexible floor plans accommodate a wide range of uses, including full-service restaurants, quick-service restaurants (QSR), cafes, fitness centers, service businesses, and boutique retail establishments. This exceptional location and diverse space options present a unique opportunity for businesses seeking a thriving and well-connected location in Downtown Oakland.

• CAP approach

  CAP return

  Valuation

  6%

  $296,996,160

  6.5%

  $274,150,304

  7%

  $254,568,144

• Comparable approach

  Method

  Valuation

  Relative Method

  $338,764,416

  Geo Method

  $282,092,992

• Alternative Use

  Use

  Valuation

  Residential

  $274,150,304

  Hospitality

  $251,120,208

  Educational

  $208,929,056

  Medical

  $216,114,448

  Retail

  $325,000,768

Location Insight

City

Oakland

County

Alameda

State

California

Latitude

37.8033

Longitude

-122.27

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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