Sales and Investment For Sale

NORTH OAKLAND - DEVELOPMENT OPPORTUNITY

5426 - 5440 Telegraph Ave

Oakland, CA Sales and Investment >> Oakland

Starboard TCN Worldwide as exclusive Agent, is pleased to offer for sale 5426-5440 Telegraph Avenue. The property is comprised of three adjacent parcels for a total of 18,500 square feet (SF) located along Telegraph Avenue in North Oakland’s hip and vibrant Temescal Neighborhood and bordering nearby Rockridge Neighborhoods.

The property offers an exceptional opportunity for developers, owner/users or investors. The zoning is CC-2 (Commercial Community) and allows for a wide variety of commercial opportunities to serve local neighborhood needs, as well as other nearby communities.

Existing property improvements include a large parking lot, running through all three parcels; a two story four unit residential apartment building; and a commercial/restaurant building occupied by the owner’s business, Casper’s Hot Dogs.

Convenient Location: Located on the corner of Telegraph Avenue and 55th Street, in vibrant Temescal and 2 miles from UC Berkeley and Downtown Oakland.

Excellent Transportation:  Easy access to Highway 24. Excellent public transportation along Telegraph Avenue and Shattuck Avenue via AC Transit lines 1, 1R, 18, 12, 800 (Night). Walking distance to Rockridge and Macarthur BART stations.

Nearby Amenities: Temescal is known for its diverse community, art galleries and phenomenal culinary scene. The site is walking distance to many shops, art galleries and numerous restaurants along Telegraph Avenue and nearby Rockridge.

Demand for Market Rate Housing: Prospering Temescal is in need of more housing. Rental rates are increasing dramatically. Several new development projects are already entitled and in the pipeline. These developments will continue to encourage future growth for the neighborhood.

Prime Redevelopment Site: Mixed-use developments with residential and office uses above retail businesses, are encouraged by Oakland Planning Department. Height limit, 60 feet (5 stories), street frontage 168 feet along Telegraph Ave and 110 feet along 55th St.

To review the full offering memorandum, please sign the Confidentiality Agreement.

Location

5426 – 5440 Telegraph Ave

Assessor Parcel Numbers/

Lot Area Square Feet (SF)

14-1225-24  (7,500 SF)

14-1225-25  (4,400 SF)

14-1225-01  (6,600 SF)

Total Lot Area

+/- 18,500 SF

Zoning

CC2 – Community Commercial

Height Limit

60 Ft (permitted)

Stories

5 (permitted)

Frontage

160 Feet along Telegraph Ave

110 along  55th St

Building - Commercial Restaurant

    SF

    Unit(s)

    Stories

    Built

5440 Telegraph Ave

1,235

1

1

1965

Building - Residential Quadruplex

    SF

    Unit(s)

    Stories

    Built

5426 Telegraph Ave

3,352

4

2

1952

Price

Best offer

Call for offers

To be announced.


Priscilla Wilder
(415) 765-6895
priscilla@starboardnet.com
BRE# 01903660

Susan Jordan
(415) 477-8454
susan@starboardnet.com
BRE# 01408046

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