988 BroadwayOakland, CA 94607

  • Hospitality properties
  • 96,300 SF
For Lease

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
988 Broadway, Oakland, California

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$637,975
$26,100,000
$18,546,806
$44,646,806
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FAQs

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