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400 E 12th St 2,483 SF Office/Retail Condo Unit Offered at $398,000 in Oakland, CA 94606

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INVESTMENT HIGHLIGHTS

Located in the vibrant East Lake area.
Strong demographics feature population of 46,000 within a one-mile radius.
31,350 daytime employees within a one-mile radius.

Convenient to shopping, Lake Merritt, and Downtown Oakland.
Median Household Income of $94,688 within a 3-mile radius.

EXECUTIVE SUMMARY

PRICE IMPROVEMENT!!!! Reduced to $498,000!!! Ground floor commercial/retail condominium. Project consists of this ground floor commercial/retail space, plus five residential condominiums (NOT INCLUDED IN SALE), and common areas, which include a parking garage (serving the residential condos exclusively), interior hallways, and a pleasant side yard on the 4th Avenue side of the building. Previously used as a restaurant, the commercial condo space in question features a large walk-in refrigeration facility and two large ADA restrooms. Seller has partially completed division of the whole into two separate spaces.

PROPERTY FACTS

Price	$398,000	Floors	3
Unit Size	2,483 SF	Typical Floor Size	6,895 SF
No. Units	1	Year Built	2005
Total Building Size	18,204 SF	Tenancy	Single
Property Type	Retail (Condo)	Lot Size	0.17 AC
Property Subtype	Storefront Retail/Residential General Retail Convenience Store General Retail Restaurant Industrial Service	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Sale Type	Investment or Owner User	Sale Conditions	1031 Exchange Building in Shell Condition
Building Class	C

Price	$398,000
Unit Size	2,483 SF
No. Units	1
Total Building Size	18,204 SF
Property Type	Retail (Condo)
Property Subtype	Storefront Retail/Residential General Retail Convenience Store General Retail Restaurant Industrial Service
Sale Type	Investment or Owner User
Building Class	C
Floors	3
Typical Floor Size	6,895 SF
Year Built	2005
Tenancy	Single
Lot Size	0.17 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Sale Conditions	1031 Exchange Building in Shell Condition

1 UNIT AVAILABLE

Unit 400

Unit Size	2,483 SF	Cap Rate	15.92%
Price	$398,000	NOI	$63,360
Price Per SF	$160.29	Sale Conditions	1031 Exchange, Building in Shell Condition
Condo Use	Office/Retail	APN/Parcel ID	020-0125-021-00
Sale Type	Investment or Owner User

Unit Size	2,483 SF
Price	$398,000
Price Per SF	$160.29
Condo Use	Office/Retail
Sale Type	Investment or Owner User
Cap Rate	15.92%
NOI	$63,360
Sale Conditions	1031 Exchange, Building in Shell Condition
APN/Parcel ID	020-0125-021-00

SALE NOTES

Price Reduced!

ZONING

Zoning Code	CN-3 (CN- zoning intends to create, improve, and enhance area neighborhood commercial centers that have a compact, vibrant pedestrian environment.)
CN-3 (CN- zoning intends to create, improve, and enhance area neighborhood commercial centers that have a compact, vibrant pedestrian environment.)