This is a unique opportunity to lease a free standing retail building on a main thoroughfare in Oakland, California. Subject property is located just over a mile west of the Ring Central Coliseum, less than five miles from the San Francisco Bay and 18 miles west of Downtown San Francisco.
In 1997 the subject building of ±13,913 square feet was built to Walgreens specifications. There is a drive through and has a gated parking lot on ±41,214 square feet of land. This freestanding building is highly visible along International Boulevard (Route 185) with traffic counts of 26,800 vehicles per day and the nearest large cross street Hegenberger Road has 27,000 vehicles per day.
The subject property is located within a dense infill area of Oakland with approximately 48,066 residents in a 1-mile radius, 207,272 residents within a 3-mile radius and 404,036 residents in a 5-mile radius. The income demographic in this area of Oakland ranges from approximately $64,737 in a 1-mile radius, $96,896 a 3-mile radius and $111,115 a 5-mile radius.
The Oakland Arena and RingCentral Coliseum sit on 132 acres with an ample 10,000 on-site parking spaces. Currently managed by ASM Global, the venues are easily accessible by both highway and public transportation and is complete with a pedestrian bridge which allows guests direct access to the venues from the Coliseum BART station. As of November of 2021, Oakland City Council voted to move forward on the Coliseum Stadium Complex which will be redeveloped into a commercial mixed-use and major destination retail campus. For more information visit https://ballparkdigest.com/2021/11/17/oakland-moves-forward-with-coliseum-redevelopment/.
