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5526 Martin Luther King Jr Way 3,200 SF Vacant Retail Building Oakland, CA 94609 $2,086,900 CAD ($652.16 CAD/SF) 6% Cap Rate
EXECUTIVE SUMMARY
Seller may consider Financing./ Second generation restaurant and cocktail bar. This storefront building is ideal for an owner-user or investor. Built in 1910, the property features two units (A & B) and sits on a 0.10-acre lot with 61’ frontage on Martin Luther King Jr Way. Its prime location boasts a Walk Score of 91 and Bike Score of 100, ensuring excellent accessibility for customers and staff.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
3,200 SF
Building Class
C
Year Built
1910
Price
$2,086,900 CAD
Price Per SF
$652.16 CAD
Cap Rate
6%
NOI
$125,214 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.72
Lot Size
0.10 AC
Frontage
61’ on Martin Luther King Jr Way
Walk Score®
Walker's Paradise (91)
Bike Score®
Biker's Paradise (100)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 014-1209-019-01 | Improvements Assessment | $241,887 CAD |
| Land Assessment | $388,747 CAD | Total Assessment | $630,634 CAD |
PROPERTY TAXES
Parcel Number
014-1209-019-01
Land Assessment
$388,747 CAD
Improvements Assessment
$241,887 CAD
Total Assessment
$630,634 CAD
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5526 Martin Luther King Jr Way
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