1150 Clay StOakland, CA 94607

Property Details for 1150 Clay St

Year built

2023

Construction

STEEL FRAME

Lot size

0.39 AC

Property size (Sq ft)

222,857 SF

Property type

Residential income properties

Property subtype

High-rise multifamily apartments

APN

2-97-49

APU

29749

Description

This exceptional retail opportunity is located at 1150 Clay Street in Oakland, California, within Alameda County (zip code 94607). The property, part of a new mixed-use development featuring 228 residential units, offers two contiguous spaces totaling 3,968 square feet. Individual spaces measure 1,397 square feet and 2,571 square feet, respectively. The larger space includes an additional 1,260 square foot patio. This vibrant location sits in the heart of Old Oakland and Downtown Oakland, seamlessly blending historical charm with modern amenities. Its strategic position adjacent to the Marriott Hotel, Oakland Convention Center, and City Hall ensures high visibility and foot traffic. The surrounding area boasts a thriving mix of businesses and office buildings, creating a strong customer base. Ideal for restaurants, taprooms, fitness centers, or other retail uses. This property presents a unique chance to establish a successful business in a dynamic and rapidly growing area of Oakland. The minimum divisible space is 1,397 square feet, while the maximum contiguous space available is 2,571 square feet. The entire 3,968 square foot building is currently vacant.

• CAP approach

  CAP return

  Valuation

  6%

  $74,087,144

  6.5%

  $68,388,128

  7%

  $63,503,264

• Comparable approach

  Method

  Valuation

  Relative Method

  $65,751,204

  Geo Method

  $96,343,424

• Alternative Use

  Use

  Valuation

  Residential

  $68,388,128

  Hospitality

  $62,643,160

  Educational

  $52,118,372

  Medical

  $53,910,804

  Retail

  $81,073,024

Location Insight

City

Oakland

County

Alameda

State

California

Latitude

37.8034

Longitude

-122.274

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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