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400 E 12th Street

$398,000

400 E 12th Street, Oakland, CA 94606

Active
Last Updated: 01/24/2025

11.5

Cap Rate

63,350

NOI

Details:
Cap Rate:    11.5%
NOI:    $63,350
Building Size:    2,483 sqft
Year Built:    2005
Floors:    3
Parking Spots:    5
Gross Leaseable Area:    2,483
Highlights:
  • Heating: Forced Air, Natural Gas, MultiZone
  • Parking Features: Enclosed, Electric Gate, Lighted, Private
Description:

400 E. 12th Street is a 2,483 +/- SqFt ground-floor commercial condominium. Large level-in unit with flexible floorplan options. The current zoning allows for a myriad of business possibilities, including professional offices, retail, and some food services. Large enough to house many business storefront space(s) and private offices. Previously used as a restaurant, the space features a large walk-in freezer and two large ADA restrooms. The seller started a division into two separate spaces but put the project on hold due to COVID-19. The 400 E 12th Lofts consists of this ground-floor commercial space, five residential condominiums, common areas, interior hallways, and a pleasant side yard on 4th Avenue. In an excellent location for your business. The 92 WalkScore, 71 Transit Score, and 92 Bike Score means you will be conveniently located and accessible to your customers/clients.

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