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Listed by Ken Wu • Compass
$1,500,000
Est. payment /mo
8,000 Sqft Lot
Active
1901 Park Blvd Oakland, CA 94606
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Key Details
Property Type Vacant Land, Commercial
Sub Type Other Commercial Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID MR41101722
Lot Size 8,000 Sqft
Property Sub-Type Other Commercial Land
Source Bridge MLS
Property Description
This is a prime covered land development opportunity located at 1901 Park Blvd in Oakland, CA 94606. The highly visible site offers flexible development potential, with plans for either a 12-condominium or 23-condominium building, featuring 3,664 square feet of flexible retail space, over 3,000 square feet of rooftop lounge, and 5,346 square feet of parking garage space. The 23-condominium plan will be entitled by June 30, 2025, with AH impact fees exempted due to the inclusion of two affordable units. The seller has also paid over $400,000 on engineering designs, which are ready to be submitted for building permits. If the buyer prefers to utilize the land for other business purposes and wants to add an underground garage (currently approved at 5,346 square feet), the seller offers to cover the demolition, excavation, disposal costs, which are quoted at over $1,000,000 in value (the buyer will be responsible for pouring the concrete). In any case, the seller offers to clean up the site and complete the agency-approved remediation before handing the land over to the buyer. These flexible offerings present a rare opportunity to secure a centrally located, entitlement-advantaged property with substantial cost savings and development upside.
Location
State CA
County Alameda
Area Oakland Zip Code 94606
Zoning CN-3
Exterior
Utilities Available Electricity - On Site, Gas - On Site, Sewer - On Site
Building
Lot Description Surveyed , Building Pad - Yes, Corners Marked - No, Grade - Level
Sewer Sewer - Public
Water Public, Water On Site
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