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Listed by Louis Cornejo Urban Group Real Estate
$ 1,350,000
Est. payment | /mo
4 Baths
3,753 SqFt
$ 1,350,000
Est. payment | /mo
4 Baths
3,753 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 3,753 sqft
Price per Sqft $359
MLS Listing ID 425061431
HOA Y/N No
Year Built 1964
Lot Size 2,018 Sqft
Acres 0.0463
Property Sub-Type Mixed Use
Property Description
Ideal for owner-user with a flexible mixed-use layout, 3450 Lakeshore Avenue is a two-story commercial building in the heart of Oakland's highly desirable Lakeshore neighborhood a vibrant retail corridor known for its strong pedestrian traffic and enduring demand. The property features nine commercial units, including two ground-floor retail spaces and a mix of private offices above. Six long-term tenants on month-to-month leases provide immediate income and flexibility for repositioning, while three vacant offices at closing create an opportunity for owner occupancy or strategic leasing. With excellent visibility, easy access to public transit and major freeways, and proximity to top national and local tenants such as Trader Joe's, Gap, Peet's Coffee, and Arizmendi Bakery, this property offers both stability and growth potential. An 8.40% market cap rate, flexible lease structure, and strong upside make this asset an exceptional opportunity for value-add investors, owner-users, or 1031 exchange buyers seeking a foothold in one of Oakland's most active commercial districts.
Location
State CA
County Alameda
Area Oakland Zip 94610
Zoning CN-1
Interior
Fireplace No
Building
Lot Description BART Nearby, Freeway Nearby, Neighborhood, Near Public Transit, Restaurant Nearby, Shopping Nearby
New Construction No
Others
Tax ID 11883561
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Fatemah Nikchehi (nik-chee)
Broker Associate | Lic# 01703928