1615 BroadwayOakland, CA 94612

Property Details for 1615 Broadway

Year built

1914

Construction

STEEL FRAME

Lot size

0.05 AC

Property size (Sq ft)

3,400 SF

Property type

Retail properties

Property subtype

Other retail properties

APN

8-723-1

APU

87231

Description

This exceptional retail opportunity is located in Oakland, CA's vibrant downtown core at 1615 Broadway, a highly visible location within the iconic Cathedral Building. The property, a one-story, 4,968 square foot strip center built in 1914, offers a turnkey 1,701 square foot space, previously occupied by a Peets Coffee shop. All existing equipment and furnishings are included, allowing for immediate occupancy and operation. The space also includes an additional 660 square feet of lower-level space. The building sits on a 5-acre lot and enjoys a prime location at the intersection of Broadway and 17th Street. This high-traffic area benefits from excellent visibility and proximity to key landmarks. The property is just 1.5 blocks from Oakland City Center's 30,000 square feet of prime retail space, across the street from City Hall, and near Frank Ogawa Plaza and the Rotunda Building. This is a rare chance to acquire a fully equipped, move-in ready retail space in a highly desirable downtown Oakland location. The building features 14 stories, though the retail space is on one level. This presents a unique opportunity for a quick start-up or established business seeking a prominent location. The property's address is 1615 Broadway, Oakland, CA 94612.

• CAP approach

  CAP return

  Valuation

  6%

  $1,834,547

  6.5%

  $1,693,428

  7%

  $1,572,469

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,869,783

  Geo Method

  $2,389,701

• Alternative Use

  Use

  Valuation

  Residential

  $1,428,470

  Hospitality

  $1,308,471

  Educational

  $1,088,632

  Medical

  $1,126,072

  Retail

  $1,693,428

Location Insight

City

Oakland

County

Alameda

State

California

Latitude

37.8062

Longitude

-122.27

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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