1700 International BlvdOakland, CA 94606

Property Details for 1700 International Blvd

Year built

1966

Construction

TILT-UP CONCRETE

Lot size

0.24 AC

Property size (Sq ft)

20,572 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

20-146-15-1

APU

20146151

Description

This exceptional investment opportunity encompasses a 20,572-square-foot, two-story industrial flex building situated on a 10,500-square-foot lot at the prime corner of International Boulevard and 17th Avenue in Oakland, CA 94606. The property, built in 1966 and currently 40% occupied, offers significant upside potential. The building features concrete floors, a recently replaced roof, one loading dock, and a drive-in door on 17th Avenue, providing convenient access for various operations. The ground floor comprises 8,000 square feet currently leased to a single tenant, plus an additional 2,000 square feet of vacant space. The second floor, totaling 10,000 square feet, is entirely vacant and includes two large offices and a spacious workshop area. This property is zoned CC, RM-2, RU-5, S-13 w/CUP. Adding to its value is an adjacent 2,740-square-foot vacant lot, offering flexibility for expansion, additional parking, or future development as a single-family, multi-family, or commercial/mixed-use structure. The asking price is $4,100,000, representing a price per square foot of $199.30. This is a gross lease, owner-user investment opportunity with substantial rental income potential. The property is comprised of one building with a multi-tenant occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $9,501,425

  6.5%

  $8,770,546

  7%

  $8,144,078

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,794,796

  Geo Method

  $5,737,736

• Alternative Use

  Use

  Valuation

  Residential

  $10,875,477

  Hospitality

  $9,961,879

  Educational

  $8,288,166

  Medical

  $8,573,209

  Retail

  $12,892,703

Location Insight

City

Oakland

County

Alameda

State

California

Latitude

37.7878

Longitude

-122.243

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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