Log In/Sign Up
Your email has been sent.
4185-4187 Piedmont Ave 3,100 SF 100% Leased Office Building Oakland, CA 94611 $2,500,000 ($806.45/SF) 5% Cap Rate
Investment Highlights
- City approved plans to transform this site into an affordable five-story apartment complex with rooftop space and storefront retail.
- Also for sale as-is, 4185-4187 Piedmont Avenue offers a two-story modern contemporary environment turnkey for a dental or professional business.
- The office has excellent visibility at the historic intersection of Piedmont and Ridgeway Avenue, which is traveled by over 17,000 vehicles daily.
- Strategically located at a recognized destination in Oakland, adjacent to landmarks like Piedmont Theater and Fenton's Creamery.
- Staff and clients at the complex benefit from easy freeway access and public transportation links, making it easy to commute through the Bay Area.
Executive Summary
Introducing a prime investment redevelopment opportunity on Piedmont Avenue in Oakland. This proposed 17,750-square-foot five-story multifamily property offers 14 residential units, open rooftop space, and premium retail space on the ground floor. Two of the 14 units will be offered at low-income, affordable rates, further enhancing the appeal. Demolition work will be required for the existing two-story commercial building and the surface parking at the rear of the lot.
The seller is also open to negotiating the sale of the property "as-is," and photos of the existing property/space are included. The existing property at 4185-4187 Piedmont Avenue is a 3,100-square-foot two-story office renovated in 2022 and is the perfect destination for a medical business, dental practice, or professional office. Recent renovations occurred on both floors to showcase a contemporary and professional environment. All property equipment is well-maintained, regularly updated, and in excellent condition. Staff and clients have access to 9 parking spots in the rear of the building.
Adjacent to Landmark's Piedmont Theater, Fenton’s Creamery, and many other local shopping and dining amenities, 4185-4187 Piedmont Avenue is an ideal setting for attracting clientele and providing convenience to staff members. Nestled at the historic intersection of Piedmont and Ridgeway Avenue, businesses benefit from high foot traffic and excellent exposure for advertising needs. Easy freeway access and excellent public transportation links are vital in the Bay Area, and luckily, this office complex is a quick five-minute drive to Interstate 580 and 903 and BART MacArthur Station. Many medical facilities, such as Kaiser Foundation Hospital and Alta Bates Summit Medical Center, are less than a mile away, providing the ideal synergistic opportunity for the medical space at 4185-4187 Piedmont Avenue.
Take advantage of this unique opportunity on Piedmont Avenue and benefit from unparalleled access, visibility, and convenience.
The seller is also open to negotiating the sale of the property "as-is," and photos of the existing property/space are included. The existing property at 4185-4187 Piedmont Avenue is a 3,100-square-foot two-story office renovated in 2022 and is the perfect destination for a medical business, dental practice, or professional office. Recent renovations occurred on both floors to showcase a contemporary and professional environment. All property equipment is well-maintained, regularly updated, and in excellent condition. Staff and clients have access to 9 parking spots in the rear of the building.
Adjacent to Landmark's Piedmont Theater, Fenton’s Creamery, and many other local shopping and dining amenities, 4185-4187 Piedmont Avenue is an ideal setting for attracting clientele and providing convenience to staff members. Nestled at the historic intersection of Piedmont and Ridgeway Avenue, businesses benefit from high foot traffic and excellent exposure for advertising needs. Easy freeway access and excellent public transportation links are vital in the Bay Area, and luckily, this office complex is a quick five-minute drive to Interstate 580 and 903 and BART MacArthur Station. Many medical facilities, such as Kaiser Foundation Hospital and Alta Bates Summit Medical Center, are less than a mile away, providing the ideal synergistic opportunity for the medical space at 4185-4187 Piedmont Avenue.
Take advantage of this unique opportunity on Piedmont Avenue and benefit from unparalleled access, visibility, and convenience.
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Office
Property Subtype
Building Size
3,100 SF
Building Class
C
Year Built/Renovated
1940/2022
Price
$2,500,000
Price Per SF
$806.45
Cap Rate
5%
NOI
$125,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,550 SF
Slab To Slab
10’
Building FAR
0.65
Lot Size
0.11 AC
Zoning
CN-1 - Neighborhood Center Commercial Zone 1
Parking
5 Spaces (1.61 Spaces per 1,000 SF Leased)
1 1
Walk Score®
Walker's Paradise (99)
Property Taxes
| Parcel Number | 012-0994-003-00 | Improvements Assessment | $891,408 |
| Land Assessment | $382,032 | Total Assessment | $1,273,440 |
Property Taxes
Parcel Number
012-0994-003-00
Land Assessment
$382,032
Improvements Assessment
$891,408
Total Assessment
$1,273,440
1 of 32
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
4185-4187 Piedmont Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.