988 BroadwayOakland, CA 94607

Property Details for 988 Broadway

Year built

2002

Construction

WOOD

Lot size

0.86 AC

Property size (Sq ft)

96,300 SF

Property type

Hotels

APN

2-96-3

APU

2963

Description

This exceptional retail opportunity is located on the ground floor of the Courtyard by Marriott Oakland Downtown hotel at 988 Broadway. Situated at the corner of 8th and Broadway, this property boasts excellent visibility between Old Oakland and Chinatown, benefiting from high foot traffic and prominent exposure. The two available micro-retail units offer a combined total of 472 square feet of space, ideal for service-oriented businesses. Unit #161 encompasses 221 square feet, while Unit #159 provides 251 square feet. Both units feature attractive window frontage, maximizing natural light and showcasing your business to passersby. The surrounding area is vibrant and diverse, with a mix of downtown office buildings, residential properties, numerous bars and restaurants, and the convenient proximity of Jack London Square. This location is perfect for businesses seeking a high-traffic, easily accessible location within a thriving community. The property is strictly limited to retail or service uses

• CAP approach

  CAP return

  Valuation

  6%

  $21,624,500

  6.5%

  $19,961,100

  7%

  $18,535,300

• Comparable approach

  Method

  Valuation

  Relative Method

  $15,580,800

  Geo Method

  $22,830,200

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $52,851,800

  Retail / Commercial

  $27,165,500

  Mixed-Use / Specialty

  $27,118,600

  Office

  $27,009,500

  Institutional / Educational

  $28,210,300

  Residential Income

  $33,006,000

  Multifamily

  $39,308,800

  Automotive / Energy

  $24,180,200

  Parking / Income-Based Land

  $8,294,960

  Restaurant / Food Service

  $14,211,200

  Healthcare / Senior Housing

  $27,758,400

Location Insight

City

Oakland

County

Alameda

State

California

Latitude

37.8011

Longitude

-122.273

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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