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Artist Lofts 3037-3039 Myrtle St 8,990 SF 100% Leased Office Building Oakland, CA 94608 For Sale
Investment Highlights
- Full or partial building occupancy potential with 8 non-structural studios that can easily be removed for an open floor plan.
- Bonus mezzanine / storage space throughout not included in building square footage.
- Plentiful natural lighting with skylights located throughout the building.
- Potential for a wide array of retail, commercial and light industrial uses.
- Two roll-up doors with pedestrian walkthrough doors providing access to both Myrtle and Filbert Street.
- Within a mile from 19th Street and MacArthur BART stations with easy access to I-80, I-980, I-580 and I-880 freeways.
Executive Summary
Avison Young is pleased to present prospective buyers with the unique opportunity to acquire a ±8,990 SF commercial building located in one of Oakland’s prominent creative arts districts.
3037-3039 Myrtle Street is ideally located right off San Pablo Avenue with easy access to Interstate-80, Interstate-880, Interstate-580, and Interstate-980. The property is also accessible via public transportation and is located just one mile from the 19th Street and MacArthur
BART stations. Downtown Oakland and Emeryville’s famed Bay Street Shopping Center district are only minutes away, offering numerous shopping, restaurant, and nightlife venues to explore.
The creative brick and timber construction includes 8 studios with lofts, 5 full bathrooms, kitchen, and (2) ground level loading doors. The building offers owner-users and investors a flexible turnkey layout allowing for a variety of commercial uses. The building spans across the full block with access from both Myrtle and Filbert Street, allowing for a single or multi-tenant configuration.
3037-3039 Myrtle Street is ideally located right off San Pablo Avenue with easy access to Interstate-80, Interstate-880, Interstate-580, and Interstate-980. The property is also accessible via public transportation and is located just one mile from the 19th Street and MacArthur
BART stations. Downtown Oakland and Emeryville’s famed Bay Street Shopping Center district are only minutes away, offering numerous shopping, restaurant, and nightlife venues to explore.
The creative brick and timber construction includes 8 studios with lofts, 5 full bathrooms, kitchen, and (2) ground level loading doors. The building offers owner-users and investors a flexible turnkey layout allowing for a variety of commercial uses. The building spans across the full block with access from both Myrtle and Filbert Street, allowing for a single or multi-tenant configuration.
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Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
8,990 SF
Building Class
C
Year Built/Renovated
1925/1950
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
8,990 SF
Building FAR
1.00
Lot Size
0.21 AC
Opportunity Zone
Yes
Zoning
CC-2 - Community Commercial
Amenities
- Storage Space
Very walkable
80/100
Moderately drivable
70/100
Strong public transit
80/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 005-0467-006-01 | Improvements Assessment | $307,885 |
| Land Assessment | $112,683 | Total Assessment | $420,568 |
Property Taxes
Parcel Number
005-0467-006-01
Land Assessment
$112,683
Improvements Assessment
$307,885
Total Assessment
$420,568
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Artist Lofts | 3037-3039 Myrtle St