970 Macarthur Blvd Oakland, CA 94608-3950
This exceptional commercial property, located at 970 Macarthur Blvd in Oakland, CA, presents a unique investment opportunity. Currently operating as a paint and auto body repair shop, the 0.1-acre lot offers significant potential for redevelopment. The owner is retiring and seeking a quick sale, presenting a compelling opportunity for a savvy investor. The property's strategic location is a key advantage, situated near BART, providing convenient access to public transportation. The proximity to Emeryville's shopping and amenities further enhances its appeal. The existing structure provides immediate income potential, while the zoning allows for exploration of various uses, including live-work spaces or residential income development. Its central location offers easy access to various transportation modes, facilitating seamless commutes to and from San Francisco. The property's potential for increased value is substantial, making it an attractive investment for those seeking a high-return opportunity in a thriving Bay Area location. Interested parties should independently verify current permitted uses with the City of Oakland to fully assess the range of development possibilities. This is a rare chance to acquire a well-positioned property with significant upside potential in a highly desirable area. The asking price is $1,500,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.