$3,200,000
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0.65 Acres Lot
SOLD DATE : 12/27/2023
Key Details
Sold Price $3,200,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 41024354
Sold Date 12/27/23
HOA Y/N No
Year Built 1968
Annual Tax Amount $65,016
Lot Size 0.650 Acres
Property Description
MAJOR PRICE REDUCTION! REDUCED BY $500,000! Wells & Bennett is pleased to present this exceptional, one-of-a-kind opportunity to acquire 5736-5772 Thornhill Drive, situated on approximately +/- .65 acres of land in the prestigious Montclair Community of Oakland, California (the “Property”). The property is comprised of two parcels and five buildings totaling approximately +/- 11,226 square feet. (Buyer to verify). Both parcels to be sold together. This is a mixed-use property containing (8) retail spaces and (8) residential units. The zoning is RH-4 Hillside Residential, and CN-3 Neighborhood Commercial. The property has been in the same family since 1969. Built in 1968 and in 1990, this 11,226 square foot property offers an uncommon opportunity to an investor to acquire a premium property in an excellent location. Currently 95% leased to fifteen (15) tenants on short term leases, the Property presents a rare opportunity for an investor to add-value to the property by increasing rents to market standards. With extremely low vacancy rates, and rare small units, an investor can push the rents to achieve an optimized return on investment.
Location
State CA
County Alameda
Zoning Mix
Interior
Fireplace No
Exterior
Roof Type Composition,Shingle,Tar/Gravel
Total Parking Spaces 15
Others
Tax ID Two Parcels
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Bought with Kelly Klingler • Wells & Bennett REALTORS
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
25101 The Old Road Suite 240, Ranch, Ca, 91381, United States