229 International Blvd Oakland, CA 94606
This exceptional 20,200 square foot vacant land parcel presents a significant investment opportunity in Oakland, California. Located at 229 International Boulevard, this property boasts a highly desirable location, just steps from Lake Merritt and Laney College, offering convenient access to public transportation (BART) and major freeways (I-580 and I-880). The site is zoned LM-85 with CUP, D-LM-1, and S-14, allowing for diverse development options. Potential uses include multi-family homes, mixed-use condo/apartment buildings, and residential care/senior care facilities. Previous approvals included a plan for a 94-unit apartment building with ground-floor retail and basement parking (permit expired). The asking price is $6,500,000, translating to $371.29 per square foot. This property's strategic location, combined with its flexible zoning and substantial size, makes it an ideal prospect for developers seeking to capitalize on Oakland's thriving real estate market. The Alameda County Assessor's Parcel Number (APN) is 020-0127-006-03. The property is offered for sale by owner.
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Zline Cabinet Manufacturing Inc General Contractor Renovation Specialist
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
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