2828 Ford Street is a ±30,130-square-foot industrial property located in the historic Jingletown of Oakland. The property consists of three separate buildings on one contiguous parcel of 1.15 acres.
Straus Carpets is owner-occupying buildings 1 and 2 just off Ford Street. Straus Carpets will be moving out upon close of escrow to allow the new owner to occupy the space or lease at market rates. Approximately half of building 1 is also leased out to an upholstery tenant on a month-to-month lease. Lessee has been notified that they will need to vacate should the new owner elect to occupy or rent out the space. Building 3 is currently vacant and will be delivered vacant to buyer.
Ford Street is located in one of the busiest and central parts of Jingletown. Straddled by 29th and 23rd Avenue, Ford Street is one block south from the entrance to Interstate 880 Highway and one block north from the Park Street Bridge to Alameda. Jingletown is known as one of the fastest growing art communities in the Bay Area with many live/work lofts and studio space surrounding the property. Due to the artistic nature of the local market, the city has been flexible with zoning and allowable uses.
Ford Street is zoned D-CE-3, which allows for a wide array of buildings including: light industrial, residential, live/work, retail, etc. Currently, the trend in the area is for developers to convert some of the older industrial into creative loft space or live/work. The zoning permits a 3.0 FAR, allowing the new owner to build a maximum of 150,000-square-foot commercial building with 45/55 feet of maximum height. Please refer to page 16 for our zoning page for more information.
The offering represents a great opportunity for investors, developers or owner/users. The zoning, location, and quality of the new building presents a great opportunity for a diverse array of future owners.
