324 23rd Ave
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324 23rd Ave
2,560 SF Retail Building Oakland, CA 94606 £1,035,415 (£404/SF) 9.49% Net Initial Yield
Investment Highlights
- Zoned D-CE3/S-19 - Robust Development Criteria
- Close to Park Street Bridge Crossing to Alameda
- Designated Opportunity Zone
- Corner Location in “Jingletown”
- Former 7-Eleven Store enjoys rental revenue until 9.30.2026 (via a lease w/ 7-Eleven)
Executive Summary
Oakland Opportunity Knocks! This triangular shaped parcel situated in Oakland’s “Jingletown” neighborhood presents an opportunity to rehab, develop or continue with use as a leased investment.
Here are just some important attributes of this offering:
• ± 2,560 SqFt of Retail Space (per Tax Record)
• ± 12,508 SqFt Parcel Size (per Tax Record)
• Designated Opportunity Zone
• Zoned D-CE3/S-19 - Robust Development Criteria
• Corner Location in “Jingletown”
• Close to Park Street Bridge Crossing to Alameda
• Former 7-Eleven Store enjoys rental revenue until 9.30.2026 (via a lease w/ 7-Eleven)!
• Current Revenue: $10,266.66/mo + NNN (Tenant pays PPTx, Insurance, Maintenance, Utilities)
Comprehensive Disclosure Package available on request.
Here are just some important attributes of this offering:
• ± 2,560 SqFt of Retail Space (per Tax Record)
• ± 12,508 SqFt Parcel Size (per Tax Record)
• Designated Opportunity Zone
• Zoned D-CE3/S-19 - Robust Development Criteria
• Corner Location in “Jingletown”
• Close to Park Street Bridge Crossing to Alameda
• Former 7-Eleven Store enjoys rental revenue until 9.30.2026 (via a lease w/ 7-Eleven)!
• Current Revenue: $10,266.66/mo + NNN (Tenant pays PPTx, Insurance, Maintenance, Utilities)
Comprehensive Disclosure Package available on request.
Property Facts Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,560 SF
Building Class
C
Year Built
1986
Price
£1,035,415
Price Per SF
£404
Net Initial Yield
9.49%
NOI
£98,277
Tenancy
Single
Number of Floors
1
Building FAR
0.20
Lot Size
0.29 AC
Opportunity Zone
Yes
Zoning
D-CE3/S-19
Parking
17 Spaces (6.64 Spaces per 1,000 SF Leased)
Frontage
75 ft on 23rd Ave
Amenities
- Pylon Sign
Walk Score ®
Walker's Paradise (90)
Bike Score ®
Biker's Paradise (94)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 019-0078-001-07 | Improvements Assessment | £611,742 |
| Land Assessment | £333,391 | Total Assessment | £945,133 |
PROPERTY TAXES
Parcel Number
019-0078-001-07
Land Assessment
£333,391
Improvements Assessment
£611,742
Total Assessment
£945,133
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