377-385 5th St
Oakland, CA 94607
Industrial Property For Sale

Located blocks from vibrant Jack London square and a short distance from Lake Merritt, 377-385 5th Street is an investment opportunity that can be used immediately in its existing condition as a 2-story 9,500 sq.ft. industrial warehouse plus adjacent 5,500 sq.ft. parking lot or may be developed into an 11-unit Live/Work loft development. Entitlements for the Live/Work loft development were granted in December 2015 and include approved tentative parcel map to merge the two lots. Building permits approved in August 2016 - buyer to investigate whether plans are still valid. Current owner purchased in a bankruptcy sale and has limited information about permit status. The development plan creates 5 lofts in the existing building and adds 6 units in the new construction on the existing adjacent vacant lot while preserving 11 parking spaces. The existing building has two storefronts, high ceilings, and has been seismically upgraded. Located in the vibrant Jack London Square District with convenient access to transportation including Highway 880, Lake Merritt BART station, Amtrak, A/C Transit bus services and the Ferry Terminal to SF!