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- LoopNet Team
377-385 5th St
Oakland, CA 94607
Industrial Property For Sale
INVESTMENT HIGHLIGHTS
- High-demand Jack London Square District Location.
- Development Opportunity with approved permits for live/work lofts.
- Ready to occupy existing commercial building.
PROPERTY FACTS
| Property Type | Industrial | Rentable Building Area | 9,500 SF |
| Property Subtype | Warehouse | No. Stories | 2 |
| Building Class | C | Year Built | 1923 |
| Lot Size | 0.24 AC | Parking Ratio | 2.31/1,000 SF |
| Zoning | C45 - Community Shopping Commercial | ||
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.24 AC |
| Rentable Building Area | 9,500 SF |
| No. Stories | 2 |
| Year Built | 1923 |
| Parking Ratio | 2.31/1,000 SF |
| Zoning | C45 - Community Shopping Commercial |
AMENITIES
- 24 Hour Access
- Fenced Lot
- Floor Drains
ABOUT 377-385 5TH ST , OAKLAND, CA 94607
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!
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $682,686 | |
| Land Assessment | $3,032,262 | Total Assessment | $3,714,948 |
PROPERTY TAXES
