970 Macarthur Blvd Oakland, CA 94608
- Auto shops
- 0.10 lot acres
Current Use by Public Records
- Auto shops
Property Details for 970 Macarthur Blvd
- Lot size
- 0.10 lot acres
- Property type
- Auto shops
- APN
- 12-956-37
- APU
- 1295637
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Oakland
- County
- Alameda
- State
- California
- Longitude
- -122.276
- Latitude
- 37.8286
- CBSA code
- 41860
- CBSA name
- SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
