1242 35th Ave, Oakland, CA

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Executive Summary
Property Highlights
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1242 35th Ave, Oakland, CA

1242 35th Avenue, Oakland, CA Building Size : N/A

$3,250,000 (FOR SALE); $0.50/SF NNN (FOR LEASE)

Executive Summary

Due Diligence

The Ivy Group is pleased to offer FOR SALE ($3,250,000), or FOR LEASE ($0.50/SF NNN) a fully entitled ± 13,292 SF vacant lot (fenced and paved) located one block from Fruitvale BART station in Oakland, CA.

The lot is served with 200A, 110/208V.

Known as Fruitvale Commons, the lot is entitled for:

19 parking spaces
41 units total
Ground floor: two commercial units totaling ± 6,000 SF
Floor 2: nine units, 1 bed/1 bath; and two units, 2 beds/2 baths
Floor 3, 4 and 5: eight units, 1 bed/1 bath; and two units, 2 beds/2 baths

Zoned S15, CN2 and TOD (Transit Oriented Development), the property is located within a Federal Qualified Opportunity Zone, which may qualify for tax benefits.

PROPERTY HIGHLIGHTS

Building Size N/A
Lot Size ± 13,292 SF (± 0.41 acres)
Power 200 A, 110/208 V (buyer / tenant to verify)
Zoning S15, CN2 and TOD (Transit Oriented Development)
Use Mixed use development
Freeway Access Easy access to freeway 580 / 880
Accessibility Two curb cuts, International Blvd & E 12th St
Bart Station One block from Fruitvale BART Station
Bus Stop Walking distance to major bus stops and public transportation nodes
Parking Proposed: 19 parking spaces
Number of Units Entitled for 41 units: 2 ground floor commercial + 39 residential
APN 33-2197-15-3