1795 11Th St Oakland, CA 94607

This exceptional 5,406 square foot vacant lot, located at 1795 11th Street in Oakland, California (zip code 94607), presents a unique investment opportunity. Situated in a rapidly developing area of West Oakland, this property boasts a prime corner location at the intersection of 11th and Pine Streets, just a short distance from successful recent housing developments such as Zephyr Gate, Pacific Cannery Lofts, Station House, and Ironhorse. The property is zoned HBX-2 (Housing and Business Mix), offering flexible development options. The site's 5,406 square foot lot size allows for the construction of up to five residential units, with the potential for additional units through density bonuses, plus accessory dwelling units (ADUs). Furthermore, the property's location within an Opportunity Zone provides significant tax advantages for developers. With a 45-foot height limit and a 2.5 floor area ratio (FAR), this site offers substantial development potential. The asking price is $350,000, translating to $64.74 per square foot. The property's convenient location offers excellent transit access, being less than a mile from the West Oakland BART station and 0.4 miles from the 16th Street Train Station, providing easy commutes to Downtown Oakland and San Francisco. The Alameda County Assessor's Parcel Number (APN) is 6-31-15. This is a rare chance to capitalize on the burgeoning West Oakland market.