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Rare Asset Opportunity - For Sale in Rockridge

$1,195,000

5315 College Avenue, Oakland, CA 94618

Active
Last Updated: 03/22/2022

6

Cap Rate

987 sqft

Building Size

Details:
Cap Rate:    6%
Building Size:    987 sqft
Lot Area:    3,733 acres
Occupancy:    100%
Year Built:    1886
Description:

Rarely on the market, 5315 College Ave is a commercial office building approximately +/-987sf situated on a +/-3,733sf lot. Built in 1886, this unique Queen Anne Victorian was home to Charles Shields, a scenic painter for Oakland Dramatic Theaters from 1895-1936. The property has three office rooms, open foyer, bathroom, storage closet, large bay windows, patio deck, basement and yard. The building exhibits glass work designed by Narcissus Quagliata, who is considered one of the most significant contemporary glass artists in the world.


The subject property is located in one of the most sought after districts, Rockridge, in Oakland , CA. Rockridge is at the foot of the Oakland Hills and is a mix of residential and commercial neighborhood. The property is on the south end of College Ave which is the main strip of the area. This community is thriving with many restaurants, cafes, retail stores, and is home to the Claremont Country Club. Public transportation is served by bus lines and the Rockridge Bart Station 0.4 miles away. The charming property sits 1 mile to Highway 24 & I-580 making it easily accessible for any commuter in the San Francisco Bay Area. The beautiful building is ideally positioned two blocks from Broadway Ave, a direct route to Downtown Oakland (2.8 miles). With a walk score of 94, many people of all ages come to visit this desirable hub.



Prime Location
Ideal of a high-end Owner/User
CN-1 Zoning
Walk score of 96
High Traffic and Street Visibility
Queen Anne Victorian Style
Stained Glass installations created by Narcissus Quagliata
Many restaurants, cafes, & retail shops
0.4 miles to Rockridge Bart Station

Map:
Location
Gallery