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0 Castro St
Oakland, CA 94607
Land For Sale
·
1.43 AC
INVESTMENT HIGHLIGHTS
- Located in a FOZ (Federal Opportunity Zone).
- PERMITTED ROOMING UNITS: 568 Rooming Units (Does Not Include State Density Bonus).
- PERMITTED HOUSING UNITS: 278 Housing Units (Does Not Include State Density Bonus).
EXECUTIVE SUMMARY
This land use designation is intended for areas suitable for a wide variety of larger-scaled retail, business and personal services, and institutional operations along major corridors and in shopping districts. Community Commercial areas can be complemented by the addition of urban residential development and compatible mixed-use development.
PROPERTY FACTS
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 1.43 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Commercial | ||
| Zoning | CC-2 - Community Commercial | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 1.43 AC |
| Opportunity Zone |
Yes |
| Zoning | CC-2 - Community Commercial |
1 LOT AVAILABLE
Lot
| Lot Size | 1.43 AC |
| Lot Size | 1.43 AC |
7th & Castro is the largest undeveloped assemblage within ½ mile to the Downtown Oakland Core. The zoning for the property is Community Commercial (CC-2), which promotes commercial and residential activities to support the local community.
DESCRIPTION
7th & Castro Street is a 62,446 square foot assemblage of vacant land, including major corridor frontage and is within ½ mile of Oakland’s City Center and less than ¾ of a mile from Jack London Square and West Oakland BART station. The property lends itself to a major development by taking advantage of its 90-foot height limit for development. With the State’s Affordable Housing Density Bonus, the height limit may be exceeded to increase the number of housing units. The property is in proximity to five (5) major highways and within walking distance to Downtown Oakland, public transportation, and biking options make this a unique offering.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $4,400,451 CAD | Total Assessment | $4,400,451 CAD |
PROPERTY TAXES
