Property summary
This exceptional commercial real estate offering presents a rare assemblage of two contiguous parcels totaling between 0.33 and 1.55 acres, strategically located at the high-traffic intersection of 42nd Avenue and International Boulevard in Oakland, California. The property boasts a combined square footage ranging from 14,000 to 53,319 square feet, with a net rentable area of 53,319 square feet. The site benefits from a CC-1 zoning designation, allowing for a wide range of uses, including multifamily housing, mixed-use developments, educational facilities, healthcare and wellness centers, and retail/food and beverage establishments. Its prime location is just half a mile from the 880 Freeway and half a mile from the Fruitvale BART station, ensuring excellent accessibility and high visibility. The property's strategic position at the intersection of Bancroft Avenue, 42nd Avenue, and High Street provides exceptional exposure to a substantial daily traffic volume of 14,110 vehicles on 42nd Avenue and International Boulevard, and 210,000 vehicles on the nearby 880 Freeway. Further enhancing its value is a Clear Channel billboard generating monthly income. The surrounding area features strong demographics, with an average household income exceeding $118,537 and over 493,227 residents within a 5-mile radius. The property is also conveniently located near numerous established businesses, including Home Depot, Burger King, Panda Express, Smart & Final Extra!, Valero, O'Reilly Auto Parts, WSS Shoes, and Cardenas Grocery Market, as well as three Walgreens pharmacies within a 1.5-mile radius. Educational institutions such as Fremont High School and Oakland Charter Academy are also within a block of the property, along with Cardenas Grocery Market and Smart & Final Extra! across the street. Excell Health Care Services is located within a 1.5-mile radius. This property represents a unique investment opportunity with significant potential for development and substantial returns.
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