1215 High StOakland, CA 94601

Property Details for 1215 High St

Year built

1998

Construction

WOOD

Lot size

0.18 AC

Property size (Sq ft)

934 SF

Property type

Office properties

Property subtype

Office buildings

APN

33-2153-7-2

APU

33215372

Description

This exceptional mixed-use development opportunity in Oakland, California, presents a unique chance to acquire three parcels totaling approximately 32,234 square feet. Located at 1215 High St, Oakland, CA 94601, this property includes three existing buildings totaling approximately 11,232 square feet, offering potential for immediate cash flow through redevelopment. The property is zoned CC-2, allowing for a wide range of uses, including community education, cannabis (delivery only), light industrial, residential, retail, and office spaces. Concept plans envision a roughly 22,770 square foot mixed-use building incorporating ground floor retail, parking, and upper-level retail, office, and cannabis (delivery only) spaces. However, buyers or developers are responsible for confirming development standards with the City of Oakland. The asking price is $3,400,000 ($302.71 per square foot), and seller financing is available. This property sits on a large corner lot and benefits from its location within an Opportunity Zone and Green Zone (delivery only), as well as a Recycling Market Development Zone and eligibility for New Market Tax Credits. The property's APN is 033-2153-017-03, 033-2153-007-02, and 033-2153-008-01. Built in 1939, this site presents a compelling investment opportunity for those seeking to capitalize on Oakland's dynamic real estate market. The property is currently vacant and offered as a NNN lease.

• CAP approach

  CAP return

  Valuation

  6%

  $431,379

  6.5%

  $398,196

  7%

  $369,754

• Comparable approach

  Method

  Valuation

  Relative Method

  $308,494

  Geo Method

  $260,502

• Alternative Use

  Use

  Valuation

  Residential

  $493,763

  Hospitality

  $452,284

  Educational

  $376,295

  Medical

  $389,237

  Retail

  $585,348

Location Insight

City

Oakland

County

Alameda

State

California

Latitude

37.7717

Longitude

-122.216

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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