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Listed by Terrence Jones Compass
$1,088,000
Est. payment /mo
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 425066134
HOA Y/N No
Property Sub-Type Commercial
Property Description
The subject property at 1508 Madison Street is currently being leased as a parking lot. The tenant has a month to month lease on the property that can be ended with a 30 day notice. The income is $2,000 per month. The lot is approximately 7,000 Sq. Feet. It has a 50' wide frontage on Madison Street and is 140' deep. We believe the property is zoned R-90. This zoning designation indicates a residential area that may include small multi-unit buildings. The building that is located 4 lots to the South of the Subject on Madison was built on a similar shape and size lot. On that lot, 34 units of apartments were built in 1910. The subject property enjoys excellent access to public transit. The Lake Merritt BART Station is a 9 minute walk from the property. This property is being marketed as is and with no entitlements in place. Buyers are to verify all details of what can be built or operated in this location.
Location
State CA
County Alameda
Area Oakland Zip 94612
Interior
Fireplace No
Exterior
Utilities Available Electricity Available
Building
New Construction No
Others
Tax ID 0080631014
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