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:
Bay East ©2023. CCAR ©2023. bridgeMLS ©2023. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 9:22 AM UTC, 11/12/2023.