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$ 2,200,000
Est. payment | /mo
5,227 Sqft Lot
$ 2,200,000
Est. payment | /mo
5,227 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 41151362
HOA Y/N No
Year Built 1924
Annual Tax Amount $26,132
Lot Size 5,227 Sqft
Property Description
Prime commercial investment opportunity perfectly situated at the gateway of Oakland's highly desirable Temescal and Rockridge districts. 5261-5263 Claremont Avenue is a well-maintained, 8,865 sq. ft. multi-tenant mixed-use office building generating a strong actual Cap Rate of 6.17%. The property features five distinct suites across three levels. Four suites are currently occupied by stable, long-term commercial tenants on low-burden Modified Gross leases, where tenants are responsible for their own gas, electric, and interior maintenance. The top floor includes one vacant office suite, presenting immediate upside for an investor to lease at market rate or a turnkey opportunity for an owner-user to occupy while collecting income from the rest of the building. Located on a vibrant, pedestrian-friendly transit corridor, the property boasts excellent walkability and sits just minutes from both the Rockridge and MacArthur BART stations, making it highly accessible for commuters and clients alike. Zoned CC-2/S-13. An exceptional, cash-flowing asset in one of Oakland's most dynamic neighborhoods.
Location
State CA
County Alameda
Zoning CC-2
Interior
Fireplace No
Others
Tax ID 14122512
Listed by Steven Peterson Infinity Investments #01746140
NEARBY SCHOOL & BUSINESS