Rare Development Opportunity

3416 Piedmont Ave.Oakland | CA

- Entitled Development Opportunity

- Current Income Producing Parking Lot

- Prime Uptown Location

- Walker's Paradise (90) Walk Score

- One Block From Broadway

DEVELOPMENT OPPORTUNITYCalifornia Capital & Investment Group is pleased

to present this rare Oakland development opportunity.

3416 Piedmont Avenue is two lots totaling 4,862 square feet of vacant land with an entitled development opportunity. The subject property is located in

the Uptown Oakland neighborhood of the East Bay Area.

HIGHLIGHTS

List Price: Lot Size:

$975,000 ±4,862 Square Feet

INVESTMENT SUMMARY

FOR MORE INFORMATION PLEASE CONTACT:

The information supplied herein is from sources we deem reliable. It is provided without any representation, warranty or guarantee, expressed or implied, as to its accuracy. Owners and Prospective Buyers should conduct an independent investigation and verification of all matters deemed to be material, including, but not limited to statements and analysis of income and expense and estimated loan information.

DOWNLOAD Planning Proposal

Design Set

Assesor's Map

Damian FinkOffice 510.463.6350

dfink@californiagrop.com DRE License #: 01339701

Alex EpsteinOffice 510.463.6360

aepstein@californiagrop.c om DRE License #: 01884874

PROPERTY OVERVIEW

PROPERTY DETIALS

Property Address:

Parcel Number(s):

Property Description:

Size (Sq Ft):

Location:

SITE SUMMARY

3416 Piedmont Ave.

Oakland, CA 94611

009-0731-039-02

009-0731-040-01

Land

±4,862 Sq Ft

East Bay | Oak-Uptown

FOR MORE INFORMATION PLEASE CONTACT:The information supplied herein is from sources we deem reliable. It is provided without any representation, warranty or guarantee, expressed or implied, as to its accuracy. Owners and Prospective Buyers should conduct an independent investigation and verification of all matters deemed to be material, including, but not limited to statements and analysis of income and expense and estimated loan information.

3416 Piedmont Avenue is two vacant parcels of land totaling ±4,862 square feet, located on the corner of Piedmont Avenue and Croxton Avenue. The property is one block from Auto Row within the Uptown Oakland neighborhood of the East Bay Area. Currently, the property is an income producing parking lot, grossing $30,000 annually in MTM parking tenants. The parcels are being sold as an entitled development opportunity, providing a rare small development opportunity in the Uptown Oakland submarket. The proposed multi-family development plan includes a four story, six unit building. Each unit will include two bedrooms on the top three floor and 766 sf of commercial space on the ground floor. Building features will include a residential entry-elevator, lobby, and indoor parking for five cars.

AREA SUMMARY

3416 Piedmont Ave. is situated in the heart of Uptown Oakland near Auto Row, surrounded by many shops, restaurants, and entertainment establishments. The subject property benefits from its close proximity to Kaiser Permanente, Alta Bates Summit Medical Center, and is within walking distance to the newly opened Sprout’s market shopping center featuring Chipotle, Starbucks, and other great retailers. Located within blocks of MacArthur BART station and I-580, it is an ideal location for commuters, which adds further stable value to the property. The Uptown Oakland area in particular has recently experienced added excitement and appreciation in the area due to the over-flow of tenants and residents from San Francisco, making this an optimal development opportunity.

In recent years, Oakland has become a popular landing spot for many companies to plant their roots in the Bay Area. Companies like Pandora, Ask.com, The Clorox Company, and Kaiser Permanente, have all found homes in Oakland and the popularity has only grown. Most recently, Uber Technologies purchased The Uptown Station Building in the heart of Downtown, only furthering and confirming the notion that Oakland has become a mainstay for companies and their employees.

Alex EpsteinOffice 510.463.6360

aepstein@californiagrop.c om DRE License #: 01884874

Damian FinkOffice 510.463.6350

dfink@californiagrop.com DRE License #: 01339701