Redevelopment Property Approved for 6 Live/Work Units or Creative Reuse

Transcription

1 FOR SALE TH STREET, OAKLAND, CA Redevelopment Property Approved for 6 Live/Work Units or Creative Reuse OFFERED EXCLUSIVELY BY: KEVIN GORDON kevin@gordoncommercial.com CalBRE#

2 PROPOSED 6 LIVE/WORK UNITS OR OWNER/USER OPPORTUNITY IN OAKLAND S TEMESCAL NEIGHBORHOOD SALE PRICE $1,300,000 PROPERTY OVERVIEW Square feet: ± 6,111 sf Land: ± 4,550 sf APN # Zoning approved for 6 live/work units Building plans ready for submittal Potential for build to suit and creative reuse Zoned RM SHATTUCK AVENUE Rare opportunity to own a commercial property adjacent to the Temescal district. Located across the SF Bay Bridge, at the base of Oakland Hills, this growing business district is full of small independent shops, restaurants and services. A walker s paradise in North Oakland, on the edge of the flourishing Temescal. Near highways 24/580, with easy access to entire SF Bay Area. Excellent location for medical just blocks from UCSF Benioff Children s Hospital, less than a mile to Kaiser Permanente, and one mile to Alta Bates Summit Medical Center. Co-tenants include Mariposa Baking Company, Game Changer Fitness, Kingfish Pub & Cafe, Pizzaiolo, and Bakesale Betty. Daytime workforce of over 2,000 employees from nearby hospitals and DMV th STREET RM RM-4/C RM-4 Condé Nast Traveler named Oakland s Temescal Alley The East Bay s Hippest Street Close proximity to UC Berkeley and California College of the Arts, th Street is less than 1/2 mile to Temescal s year-round Sunday Farmer s Market. Less than 1/4 mile to Temescal Alley, 4 miles to Lake Merritt, 4 miles from Jack London Square with Amtrak station and SF Bay Ferry, and 11 miles to OAK. Oakland is richly diverse with world-renowned arts & culture, museums libraries, businesses and nightlife. Home to the famed Oracle Arena, Oakland A s baseball and Golden State Warriors basketball teams. Oakland has 260 sunny days per year and its restaurants are topping best of lists nationwide. visitoakland.com NICHE 2017 BEST PLACES named Oakland, CA The 2nd Most Diverse City in America

3 ABOUT TEMESCAL One of the oldest neighborhoods in Oakland, Temescal is located in North Oakland, centered on Telegraph Avenue, a junction of several thoroughfares (Telegraph, Claremont, and Shattuck Avenue/51st). The commercial heart of Temescal is Telegraph Avenue, between the MacArthur BART Station and 51st Street. This area is known as eclectic and vibrant with delicious restaurants, cafés, and a hip nightlife. Popular eateries include Doña Tomás, Homeroom, Bakesale Betty, Aunt Mary s Cafe, Asmara Restaurant, Burma Superstar and Cholita Linda. Young families, bohemians and hipsters and are drawn to the local shops and services. Many shop owners have studios in their stores. The Alleys two alleyways off 49th Street (at Telegraph) originally served as stables for the horse-drawn streetcar when it ran up Telegraph, and is now a commercial area with unique shops, coffee, a barber shop, ice cream, an art gallery, Book/Shop, Crimson Horticultural Rarities nursery and Homestead Apothecary. Temescal Alley is a pedestrian thoroughfare, filled with small, artisan shops and a free-spirited vibe. Just a 20-minute walk up Shafter Ave, and you will find yourself at Market Hall, a European-style marketplace in the adjacent Rockridge District. DEMOGRAPHICS Temescal Population ± 39,590 Average Household Income $ 71,659 Median Age 38 Daytime Employees 17,910 Population of Oakland 420,005 (Source: CoStar) AVERAGE DAILY TRAFFIC COUNTS PER DAY Highway 24 at Telegraph Avenue North or East Bound 141,000 WALK SCORE 93 BIKE SCORE 95 NEIGHBORHOOD HIGHLIGHTS Studio One Arts Center offers low-cost classes in art, ceramics and photography. Temescal Pool, adjacent to Studio One Arts Center, serves the community with fun recreational programs. Temescal Street Fair, held in mid-june, highlights neighborhood artists, restaurants and merchants. Temescal Farmer s Market every Sunday Highway 24 at Telegraph Avenue South or West Bound 129,000 On Telegraph Avenue, in Temescal 25,000 NEARBY BART STATIONS Drive Walk Distance Rockridge 5 min 18 min 1.0 mi MacArthur 4 min 18 min 1.0 mi < TH STREET is just one block from where Idora Park was located. This early 1900s amusement/trolley park boasted a wooden roller coaster, skating rink, opera house, zoo, ostrich farm, dance hall, racetrack and 3000-seat double-deck grandstand ballpark, a bandstand in its center and a mountain slide that sported a fireworks volcanic display.

4 Near Telegraph Avenue, with steadily increasing housing prices in the neighborhood. This is a vibrant, multicultural community with an attractive commercial district. In August 2004, commercial and residential property owners along Telegraph Avenue and adjoining areas voted to form a special benefits assessment district along Telegraph, from 40th to 66th Street (Berkeley border), including small portions of Shattuck Avenue, 51st Street, Claremont Avenue, and Children s Hospital. Known as the Temescal/Telegraph Business Improvement District (TBID), it s mission is to make the Temescal Telegraph commercial corridor more pedestrian-friendly for its residents, build upon the sense of community and attract new shoppers. TBID accomplishments include: litter pick-up, graffiti abatement; 70 new pedestrian street lights, 100 pole banners, gateway signage at district entry points; annual special event programming, 50 artistic murals and 100 planters with greenery installed. Forbes listed Oakland s median Household Income at $86,066, and Oakland Job Growth (2016): 3.3% Oakland s major industries: Transportation, Financial Services and Health Care BENIOFF CHILDREN S HOSPITAL TH STREET OAKLAND NORTH OAKLAND SENIOR CENTER ZONE 1 Expansion ZONE 1 ZONE 3 ZONE 2 BUSHROD PARK TEMESCAL DISTRICT

5 610 55th STREET OAKLAND, CA PROXIMITY TO ENTIRE SF BAY AREA AND BEYOND Near several major cities as well as nature. Easy freeway access; close to 3 international airports (OAK, SFO and SJC). Oakland is ranked #1 among top US cities for international food (source: Travel Channel). Many cafés and eateries within 1-2 blocks 2 miles from UC Berkeley Campus 2.5 miles to Uptown Oakland 4 miles to Jack London Square 9 miles to Oakland s Oracle Arena 10 miles to San Francisco Embarcadero 40 minutes to Silicon Valley 1 hour to Napa and Sonoma 4 hours to both Yosemite and Lake Tahoe ROCKRIDGE DISTRICT N TEMESCAL DISTRICT W E S To SFO Oakland International Airport To San Jose

6 RESTAURANTS, CAFÉS AND BARS Mariposa Baking Company The Avenue Cholita Linda Lanesplitter Pizza & Pub Shangri-La Vegan Primavera Caspers Hot Dogs Mountain Mike s Pizza Kingfish Pub & Cafe Red Sea Restaurant Bowl d BBQ Alem s Coffee Bakesale Betty Roses Taproom Asmara Restaurant Marica Seafood Restaurant Peet s Coffee & Tea Subrosa Coffee Pizzaiolo Blue Bottle Coffee Aunt Mary s Cafe A16 Italian Restaurent La Calaca Loca Taqueria The Barrel Room Burma Superstar Underwood Abesha Homeroom Khana Peena Temescal Alleys: Doña Tomás, The Hog s Apothecary Curbside Creamery, The Cro Cafe 7 FITNESS Game Changer Fitness East Bay Athletic Club CrossFit Oakland Uptown Flying Studios Yoga Studio Bliss Fitness and Health Blue Sparrow Pilates & Fitness RETAIL Marisa Mason Temescal Produce Market Mind s Eye Vintage Manifesto Bikes Tip Top Bike Shop Preserved Blick Art Materials Rockridge Two Wheels Long Weekend Home Goods Funky Furniture Rockridge Two Wheels Kelly-Moore Paints Walgreens Ruby s Garden East Bay Depot Creative Reuse Sherwin-Williams Paint Store Mark s Paint Mart Shoe Palace Standard & Strange Men s Clothing Temescal Alleys: Ali Golden, Barbershop, BAGGU, Book/Shop, Esqueleto, Marisa Mason, Sagrada, Homestead Apothecary, Crimson, Lauren Wolf Jewelry Design, It s Your Move Games

7 PROJECTS CURRENTLY IN PIPELINE OR COMPLETED IN LAST 5 YEARS Application approved Completed Application submitted - under review Under construction Pre-application discussions TH STREET OAKLAND R O C K R I D G E Within a 1-2 mile radius: Children s Hospital expansion 44 new residential units at 4801 Shattuck (under construction) 48 residential units and ±4,700 SF of retail at 4,700 Telegraph (under construction) 204 new units of residential and ±33,800 SF of retail located at 5110 Telegraph (approved)

8 FLOOR PLAN PROPOSED 1st FLOOR LIVE PORTION OF UNIT

9 FLOOR PLAN PROPOSED GROUND FLOOR LIVE PORTION OF UNIT

10 PROPOSED SOUTH ELEVATION

11 PROPOSED NORTH & EAST ELEVATION

12 NEIGHBORHOOD Oakland s Temescal District is highly walkable and bikeable. A new mural featuring Raiders running back Marshawn Lynch and Golden State Warriors forward Kevin Durant can be seen at 4900 Telegraph Avenue, near Temescal Alley.

13 NEIGHBORHOOD

14 NEIGHBORHOOD The information contained herein has been provided by the owner of the property or other sources we deem reliable. We have no reason to doubt its accuracy, but we cannot guarantee it. All information should be verified prior to selling.