1215 High St Oakland, CA 94601
- Office buildings
- 934 SF
- 0.18 lot acres
Current Use by Public Records
- Real Deal Auto Sales / Used Car Dealer
Property Details for 1215 High St
- Year built
- 1998
- Construction
- WOOD
- Lot size
- 0.18 lot acres
- Property size
- 934 SF
- Property type
- Office buildings
- APN
- 33-2153-7-2
- APU
- 33215372
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,005,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $4,815,000
- 6.5%
- $4,300,000
- 7%
- $4,095,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $4,150,000
- Geo Method
- $5,080,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $4,665,000
- Retail
- $4,055,000
- Mixed-Use
- $5,070,000
- Hospitality
- $4,500,000
- Educational
- $4,045,000
- Residential Income
- $4,950,000
- Energy
- $5,100,000
- Income-Based Land
- $5,030,000
- Food Service
- $3,870,000
Location Insight
- Map
- Local Demand
- City
- Oakland
- County
- Alameda
- State
- California
- Longitude
- -122.216
- Latitude
- 37.7717
- CBSA code
- 41860
- CBSA name
- SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
