3201-3215 Macarthur Blvd 5,457 SF Vacant Office Building Oakland, CA 94602 $2,975,000 ($545.17/SF) 5.20% Cap Rate

3201 MacArthur Boulevard is an existing medical office building with development potential.
Originally constructed in 1951 the existing building now contains:
A large chiropractic office, with 5 separate treatment rooms, a reception area, an ADA bathroom and a small kitchen.
An acupuncture clinic with 4 separate treatment rooms, 3 offices, 2 reception areas, and 2 bathrooms.
5 additional medical offices
3 additional bathrooms
1 Recently renovated one-bedroom apartment
8 Off-street parking spaces
The building is currently approximately 50% leased and will be delivered approximately 75% vacant at close of escrow. All tenants are on short-term leases and may want to extend their lease with the new owners depending on the lease terms.
This property also offers incredible development potential to savvy investors.
Based on the current zoning, this parcel could be developed to include:
Residential Apartments, depending on unit size, design and zoning requirements.
Commercial Spaces depending on design and zoning requirements.
On-Site Parking Spaces, depending on design and zoning requirements.
Open Space, depending on design and zoning requirements.
Current Zoning RU-5; Residential - Urban, 1-5 Stories.
Buyers are responsible for investigating any development potential with all regulatory agencies and construction professionals. Seller and Broker assume no responsibility for any development potential.