Under Contract

5760 Thornhill Drive

Oakland CA, 94611

$4,200,000


$374.13 per sqft

Under Contract

11,226 sqft

Commercial

Built in 1968

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.

41024354

MLS ID

April 15, 2023

Listed

November 12, 2023

Updated

Map

5760 Thornhill Drive
Oakland CA, 94611

Interior Features

Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.65 acres


Lot Features

Neighborhood Commercial


Roof

Shingle, Composition

Other Property Details

Garage

Yes


Parking

Common, Private Lot, Garage


Parking Total

2


View

No


County

Alameda


Pool

No


Buyer Agency Compensation

2.5%

Listing History

Date

Event

Price

10/22/2023

Under Contract

9/6/2023

Price Change

$4,200,000

-16%

Courtesy of Kelly Klingler with Wells & Bennett REALTORS
Listing Contact:  

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