988 BroadwayOakland, CA 94607
- Hospitality properties
- 96,300 SF
Property Details for 988 Broadway
- Year built
- 2002
- Construction
- WOOD
- Lot size
- 0.86 AC
- Property size (Sq ft)
- 96,300 SF
- Property type
- Hospitality properties
- Property subtype
- 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
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $29,324,848
- 6.5%
- $27,069,090
- 7%
- $25,135,584
-
Comparable approach
- Method
- Valuation
- Relative Method
- $43,076,448
- Geo Method
- $63,118,728
-
Alternative Use
- Use
- Valuation
- Residential
- $29,551,582
- Hospitality
- $27,069,090
- Educational
- $22,521,166
- Medical
- $23,295,702
- Retail
- $35,032,924
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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- Please email our support team at [email protected] and they will add the team member.
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