1007 Clay StOakland, CA 94607

Property Details for 1007 Clay St

Year built

1910

Construction

TILT-UP CONCRETE

Lot size

0.22 AC

Property size (Sq ft)

28,320 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

2-35-8

APU

2358

Description

This exceptional 6,137 square foot space, located at 1007 Clay Street in Oakland, CA 94607, presents a unique opportunity for a variety of retail or restaurant uses. The property boasts a highly visible corner location at the intersection of Clay and 10th Streets, in the heart of Downtown Oakland's vibrant culinary and commercial scene. The space is currently configured as a fully built-out restaurant, featuring a complete kitchen, ample back-of-house area, restrooms, and a bar/dining area with capacity for up to 252 seats. High ceilings add to the space's impressive character. The property benefits from its proximity to a wealth of amenities, including over 4,000 recently completed residential units, a Marriott Hotel and Convention Center just half a block away, and the 12th Street BART station (a 10-minute ride to San Francisco) two blocks away. The location is also adjacent to Old Oakland, home to popular establishments such as Swan's Market, Blue Bottle Coffee, Sweetgreen, Square Pie Guys, Matty's, and Popoca. With over 400 new hotel rooms approved or proposed nearby, this location offers exceptional growth potential. The space can be demised to accommodate various uses, with separate entrances and common area restrooms available. A sidewalk seating or parklet option is also available, subject to City of Oakland approval. Existing fixtures, fittings, and equipment (FFE), including a hood and walk-in, are included. This is a turnkey opportunity in a rapidly developing area of Oakland.

• CAP approach

  CAP return

  Valuation

  6%

  $7,592,558

  6.5%

  $7,008,515

  7%

  $6,507,907

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,390,624

  Geo Method

  $7,898,731

• Alternative Use

  Use

  Valuation

  Residential

  $8,690,559

  Hospitality

  $7,960,505

  Educational

  $6,623,047

  Medical

  $6,850,824

  Retail

  $10,302,517

Location Insight

City

Oakland

County

Alameda

State

California

Latitude

37.8029

Longitude

-122.275

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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