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Creative Loft Style Commercial Building 253 4th St

22,500 SF 55% Leased Light Industrial Building Oakland, CA 94607 £4,706,460 (£209/SF)

Investment Highlights

  • Three story commercial building with mezzanine.
  • Many suites have beautiful exposed brick and hardwood floors.
  • Zoning provides great flexibility for the property including potential conversion to a mixed use residential property.
  • Excellent corner location in Historic Jack London Square.
  • Suites have large windows which provide abundant natural light and amazing views.

Executive Summary

California Capital & Investment Group is pleased to present this rare opportunity to acquire a 3-story commercial property ideally located in Oakland’s Historic Jack London Square submarket. The site is located on a highly desirable corner and consists of a +/- 22,500 SF building sitting on a +/- 7,500 SF lot. There are 11 suites with approximately 6 tenants on month-to-month leases. 5 suites are vacant. This property provides a buyer with the ultimate flexibility to rehabilitate the current creative work spaces and lease to tenants or for an owner/user to locate its business at the property. The flexible zoning also makes a conversion to residential an interesting possibility.

Property Facts

Price £4,706,460
Price Per SF £209
Sale Type Investment or Owner User
Property Type Light Industrial
Property Subtype
Light Industrial
  • General Retail Storefront Retail/Office
  • OfficeLoft Creative Space
  • Office Office Residential
Building Class C
Lot Size 0.18 AC
Rentable Building Area 22,500 SF
Number of Floors 3
Year Built 1928
Walk Score ®
Walker's Paradise (97)
Transit Score ®
Excellent Transit (86)
Bike Score ®
Very Bikeable (79)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
001-0153-015-00
Land Assessment
£216,464
Improvements Assessment
£613,315
Total Assessment
£829,779

zoning

Zoning Code D-DT-C (SEE SALE PACKAGE FOR LINK TO CITY'S ZONING INFORMATION.)
D-DT-C (SEE SALE PACKAGE FOR LINK TO CITY'S ZONING INFORMATION.)
  • Listing ID: 34135446

  • Date on Market: 09/12/2024

  • Last Updated:

  • Address: 253 4th St, Oakland, CA 94607

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