1940 Webster StOakland, CA 94612

Property Details for 1940 Webster St

Year built

2022

Construction

STEEL FRAME

Lot size

0.59 AC

Property size (Sq ft)

148,424 SF

Property type

Apartment buildings

APN

8-636-19-1

APU

8636191

Description

This exceptional 1,649 square foot retail space is situated on the ground floor of a luxurious mixed-use apartment building in Oakland's vibrant Uptown District. Its strategic location offers unparalleled access to a dense population and thriving commercial activity. The property is ideally positioned just one block from the picturesque Lake Merritt, a significant draw for residents and visitors alike. Surrounded by a substantial concentration of office space (10.7 million square feet) and over 6,000 residential units, this location guarantees high foot traffic and significant exposure to a diverse customer base. The property's single-tenant occupancy provides flexibility and control, making it an attractive opportunity for a variety of retail businesses, including cafes. The building itself is part of a larger development, adding to its prestige and appeal. With a Walk Score of 99, this location offers exceptional walkability and accessibility, further enhancing its desirability. This is a rare opportunity to secure a prime retail space in one of Oakland's most sought-after neighborhoods. The property is classified as retail, specifically suitable for retail or cafe use, within Alameda County.

• CAP approach

  CAP return

  Valuation

  6%

  $67,555,152

  6.5%

  $62,358,600

  7%

  $57,904,416

• Comparable approach

  Method

  Valuation

  Relative Method

  $77,055,816

  Geo Method

  $64,165,252

• Alternative Use

  Use

  Valuation

  Residential

  $62,358,600

  Hospitality

  $57,120,144

  Educational

  $47,523,288

  Medical

  $49,157,688

  Retail

  $73,925,120

Location Insight

City

Oakland

County

Alameda

State

California

Latitude

37.8074

Longitude

-122.266

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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