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5760 Thornhill Drive

Oakland, CA 94611
  • $5,000,000
  • STATUS: Active
  • ON SITE: 50 Days
  • ID#: 41024354
UPDATED: 20 min ago
$5,000,000
  • 0
    BEDS
  • 0.65
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 11,226
    SQFT
  • $445
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1968
County:
Area:

School Ratings & Info

Description

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.

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Contra Costa Association of Realtors logo 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 2023-06-05T12:36:45.95.

www.beardrealtyteam.com/homes/138605215
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5760 Thornhill Drive Oakland, CA 94611

  • Price: $5,000,000
  • Status: Active
  • On Site: 50 Days
  • Updated: 20 min ago
  • ID#: 41024354
0
Beds
0
Baths
0
½ Baths
0.65
Acres
11,226
SQFT
$445
$/SQFT
1968
Built
Neighborhood:
Montclair
County:
Alameda
Area:
Oakland
Property Description
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.
Exterior Features

Carport YN No Construction Materials Wood SidingSiding - Stucco Garage YN Yes Lot Size Area 0.65 Parking Features CommonPrivate LotGarage Parking Spaces Total 15 Parking Total 2 Roof ShingleComposition

Interior Features

Building Area Total 11226

Property Features

Age 55 City Transfer Tax Yes For Sale Or Rent For Sale Lot Features Neighborhood Commercial Point Of Sale Ordinance Yes Property Sub Type Comm Ind For Sale Special Listing Conditions Offer As Is Zoning Mix

Contra Costa Association of Realtors logo Listing courtesy of Kelly Klingler of Wells & Bennett Realtors: [IDXCONTACTINFORMATION].


Contra Costa Association of Realtors logo 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 2023-06-05T12:36:45.95.

 
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KW Advisors | Beard Realty Team
4937 Telegraph Avenue Suite A
Oakland CA, 94609