Investment Highlights
2103 San Pablo Avenue is an industrial building on a 1.52-acre lot in Uptown Oakland offering investors a rare large-scale development opportunity. Zoned for mixed-use commercial and residential, this site presents a unique opportunity to repurpose Oakland’s largest contiguous parcel. Easy access and unparalleled convenience to Oakland International and San Francisco International Airports and Oakland Amtrak station. Positioned along San Pablo Avenue, Thomas L Berkley Way, and Castro Street, the asset benefits from excellent visibility and accessibility to I-980. Strong demand for housing and commercial space with a dense population of 500,000 residents where 64% of households are renter-occupied. Oakland’s Uptown neighborhood has undergone significant revitalization, with over 50 multifamily projects completed in the last decade.
Executive Summary
2103 San Pablo Avenue, this 31,339-square-foot industrial flex building sits on a 1.52-acre lot in the heart of Oakland, California. Previously occupied by Greyhound Bus Lines, 2103 San Pablo Avenue offers investors a rare large-scale development opportunity. This unique asset offers high visibility to nearly 20,000 daily vehicles along San Pablo Avenue, Thomas L Berkley Way, and Castro Street. The site includes ample parking, a distinctive Art Deco design, prominent signage, and bus fueling and maintenance facilities, featuring a 15,000-gallon diesel underground storage tank equipped with a leak detection system. Zoned for mixed-use commercial, residential, and light industrial, this property provides a rare opportunity for investors to repurpose or redevelop in line with the needs of Uptown Oakland. 2103 San Pablo Avenue is the area’s largest single contiguous development parcel, this property presents a once-in-a-generation chance for large-scale development. The property is strategically located with direct access to major transportation routes, including Interstate 980, which connects to Interstates 880 and 580, offering easy access across the Bay Area. It is just three blocks from the 19th Street BART station, enhancing its commuter connectivity. The surrounding area boasts a dense population of 500,000 residents within a 5-mile radius and strong consumer spending of $7.1 billion annually. With 64% of the households in the area being renter-occupied, this site is ideal for residential or mixed-use development. Furthermore, the Uptown neighborhood’s rapid growth is supported by over 50 multifamily projects developed in the last decade and 20 new high-rise projects under construction. Oakland’s Uptown neighborhood is a vibrant cultural hub, blending historic charm and modern amenities. The area has been revitalized into the city’s official Arts and Culture District, attracting both locals and visitors with its iconic venues like the Fox Oakland Theater and the Paramount Theatre. With close proximity to major retailers like Whole Foods, Target, Ikea, and more. Locals and travelers enjoy easy access and unparalleled convenience to Oakland International and San Francisco International Airports, and Oakland Amtrak station. This unique opportunity to invest in a significant Oakland property positions developers to capitalize on a flourishing market, making 2103 San Pablo Avenue a prime site for future growth and success.
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