3451 International Blvd 8,000 SF 100% Leased Retail Building Oakland, CA 94601 $2,450,000 ($306.25/SF)

This building originally served as a bank but has been a multi-tenant retail building for over 30 years, with a pawn shop occupying the 2nd floor. The building owner, who also owned the pawn shop, has since retired and now leases half of the 2nd floor to a new pawn shop. The other half of the 2nd floor has been transformed into 7 new office/retail suites, accessible by an ADA lift or stairs. There is also an ADA bathroom on the 2nd floor.
On the 1st floor, Unit A is occupied by a long-standing check cashing/money transfer company. The former pawn shop owner is leasing back the bank vault, and 3 tenants occupy 5 suites in Unit C. Of the 16 parking spaces, 11 are now being leased separately, with only 5 included with suite leases.
This building offers significant value-add opportunities, including multi-family, commercial, or mixed-use development of the parking lot. An up to 7 story building with retail on the first floor and multi-family on the upper floors can be built on the currently parking lot. (See rendering in pictures) The property is located in am opportunity zone & a transit zone being only one block from BART and it is next door to the new housing development and the newly updated AC Transit International Blvd corridor.
The property will stabilize this year as two of the new units and two of the parking spaces have already been leased in the first 30 days of being available.