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2044 Franklin StOakland, CA 94612

357-Unit Multifamily Development, 25,500 SF

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional redevelopment opportunity presents a 25,500 square foot, 0.59-acre site located at 2044 Franklin Street in Oakland, California's highly desirable Uptown District. Zoned Central Business District Commercial (CBD-C), this vacant property offers significant potential for a mixed-use development. Previously occupied by Bank of America as a single-tenant office space, the site is entitled for a 357-unit multifamily project. The proposed development includes a mix of studio, one-bedroom, and two-bedroom units, along with approximately 5,385 square feet of amenity space. Amenities will include a leasing center, mail center, rooftop deck, outdoor cafe, and fitness studio. The 22-story building was constructed in 1966 and sits on a parcel identified by APN 8-651-18-1 in Alameda County, zip code 94612. This prime location within the vibrant Uptown District offers unparalleled access to Oakland's thriving downtown area. The property's size and zoning provide a unique opportunity for a high-density, mixed-use development catering to the growing demand for urban living. This is a for-sale-by-owner opportunity for investors seeking a significant redevelopment project in a dynamic and rapidly growing market.

Highlights

  • Exceptional 25,500 SF redevelopment opportunity on a 0.59-acre site in Oakland's Uptown District.
  • Zoned CBD-C, the vacant lot is entitled for a 357-unit multifamily project.
  • Proposed development includes studio, 1-bedroom, & 2-bedroom units, plus 5,385 SF of amenities (leasing center, mail center, rooftop deck, outdoor cafe, fitness studio).
  • Located at 2044 Franklin Street, Oakland, CA 94612 (APN 8-651-18-1).
  • For-sale-by-owner; ideal for investors seeking a high-density, mixed-use project in a rapidly growing market.

Property Details for 2044 Franklin St

Property type
Retail properties, Mixed-use properties
Square Feet
25,500 SF
Year Built
1966
Stories
22
Lot Size (sq. ft)
25,700 SF

Location Insight

City
Oakland
County
Alameda
State
California
Latitude
37.80969743
Longitude
-122.26677619
2044 Franklin St, Oakland, California

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2044 Franklin St
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