Oakland, CA 94611,5760 Thornhill Drive

$3,200,000

Est. payment /mo

$4,200,000

23.8%
Est.Price: ?

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5760 Thornhill Drive Oakland, CA 94611

11,226 SqFt

SOLD DATE : 12/27/2023

Key Details

Sold Price $3,200,000

Property Type Commercial

Sub Type Comm Ind For Sale

Listing Status Sold

Purchase Type For Sale

Square Footage 11,226 sqft

Price per Sqft $285

Subdivision Montclair

MLS Listing ID 41024354

Sold Date 12/27/23

HOA Y/N No

Year Built 1968

Lot Size 0.650 Acres

Acres 0.65

Property Description

MAJOR PRICE REDUCTION! REDUCED BY $500,000! Wells & Bennett is pleased to present this exceptional, one-of-a-kind opportunity to acquire 5736-5772 Thornhill Drive, situated on approximately +/- .65 acres of land in the prestigious Montclair Community of Oakland, California (the “Property”). The property is comprised of two parcels and five buildings totaling approximately +/- 11,226 square feet. (Buyer to verify). Both parcels to be sold together. This is a mixed-use property containing (8) retail spaces and (8) residential units. The zoning is RH-4 Hillside Residential, and CN-3 Neighborhood Commercial. The property has been in the same family since 1969. Built in 1968 and in 1990, this 11,226 square foot property offers an uncommon opportunity to an investor to acquire a premium property in an excellent location. Currently 95% leased to fifteen (15) tenants on short term leases, the Property presents a rare opportunity for an investor to add-value to the property by increasing rents to market standards. With extremely low vacancy rates, and rare small units, an investor can push the rents to achieve an optimized return on investment.

Location

State CA

County Alameda

Area Listing

Zoning Mix

Interior

Fireplace No

Exterior

Total Parking Spaces 2

Building

Lot Description Neighborhood Commercial

New Construction No

Others

Tax ID Two Parcels

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Bridge MLS
Listed by Kelly Klingler • Wells & Bennett REALTORS
Bought with KellyKlingler

Jodi Nishimura

Founder & Realtor® | License ID: 01762935

+1(510) 459-0471

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