Investment Opportunity near Fruitvale District - Oakland CA

Highlights

• Corner Lot
• Zoned HBX-1
• Located in Oakland's Cannabis Green Zone (buyer to verify with the city)
• Located in Opportunity Zone
• Commercial and Single Family Residential Use allowed

Description

Price Improvement to $575,000!

920 52nd Ave is a retail/residential property approximately +/-1,050sf situated on a +/-4850sf corner lot. The property is zoned HBX-1 which permits many commercial uses and is located in Oakland's Green Zone which makes it a unique investment for the right cannabis buyer. The property has a large back lot, 3 rooms, 1 1/2 bathrooms, and a basement. This is an ideal owner-user or investment opportunity for any buyer in the East Bay Market.

This property is located near the Fruitvale district of Oakland, California. The property sits just 1.1 miles to the Fruitvale Bart Station, 5.2 miles to Oakland International Airport, and 3.3 miles to Harbor Bay Island in Alameda. The zoning for this location is Housing and Business Mix - 1 (HBX-1) Commercial Zone. The HBX-1 Commercial Zone is intended to provide development standards that provide for the compatible coexistence of industrial and heavy commercial activities and medium density residential development. This zone recognizes the equal importance of housing and business. The property also sits in Oaklands "Green Zone" which allows for multiple cannabis uses (Buyer to verify with the city).