416-420 15th St 7,348 SF 86% Leased Retail Building Oakland, CA 94612 $2,900,000 ($394.67/SF)

This rare offering presents 7,348 square feet of commercial space spanning three well-maintained buildings with a private
entrance, located in a prime downtown Oakland location. The property benefits from significant recent zoning changes enacted
by the City of Oakland in 2024, which enhance its flexibility and long-term potential.
Now designated under the D-DT-P zoning classification (formerly CBD-P), the site supports a wider array of ground-floor uses aimed
at increasing community activation. Importantly, custom manufacturing is now a conditionally approved use—creating a unique
opportunity for light industrial tenants to occupy space in a location where this use was previously restricted. Additionally, the zoning
allows for high-density residential redevelopment, including work/live configurations, with the potential to support a 4- to 5-story project
on the existing footprint. This site is well-positioned to meet future housing demand as market conditions evolve.
The buildings themselves have been exceptionally well cared for, with consistent capital investments from ownership. This commitment
has ensured a high-quality, functional environment for the current tenant’s diverse operations, preserving both asset integrity and tenant
satisfaction.
420 15th Street represents a compelling opportunity for investors or owner-users seeking a flexible, well-located asset in downtown
Oakland with a strong foundation, future development upside, and positive zoning momentum.