The McKinnon Building 2944 Webster St 3,262 SF 100% Leased Office Building Oakland, CA 94609 $1,612,710 CAD ($494.39 CAD/SF) 6.57% Cap Rate

A charming two-story mixed-use property built in 1935, nestled in Oakland's coveted Pill Hill neighborhood, just steps from the new Alta Bates Sutter Cancer Center and the lively corridor between Telegraph and Broadway.
With 3,262 square feet of flex-space, this property is as versatile as it is full of character. The upper level offers exciting potential to create a two-bedroom apartment with a full kitchen and bath — occupying roughly half the upstairs — while the remaining space lends itself to office or studio use. Two kitchens, one upstairs and one down, with flexible zoning, make the configuration possibilities nearly endless. Recent renovations include new electrical subpanels, a new roof, and newly refinished hardwood oak floors.
For the owner-operator, this is a rare find — live or work in part of the building while leasing the rest, then expand into the space as your business grows. Long-term value-add exists as well with the potential for 24 market rate units. Charming, adaptable, and brimming with potential — The McKinnon Building is your next chapter.