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$750,000
Est. payment /mo
4,791 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 41152656
HOA Y/N No
Year Built 1918
Annual Tax Amount $10,500
Lot Size 4,791 Sqft
Property Description
Bank-owned storefront building on Bancroft Avenue, delivered vacant and priced at about $208/SF. 5383-5385 Bancroft Ave offers two street-front entries, large display windows and a long, open main floor with a skylight, column line and wood floors. Site photos also show upper-level rooms and a lower level with a kitchen area (3-compartment sink and range), a restroom, and a rear deck and yard. Public record lists about 3,600 SF of building area on a lot of about 4,800 SF, built 1918 (buyer to verify). A good fit for an owner-user ready to set up shop, or an investor who wants to lease up at today's rents. At $18-$26/SF/yr NNN, pro forma NOI is about $56,700-$83,000, a 7.6%-11.1% cap rate on price (estimates; see Offering Memorandum). Nearby retail buildings are currently offered at a median of about $303/SF (LoopNet asking prices, 10/2026). On Bancroft Ave between Foothill Blvd and Wentworth Ave, in Oakland's 94601 trade area with a 2025 population of more than 53,000 (Esri via RPR). S
Location
State CA
County Alameda
Zoning Commercial
Interior
Heating Gravity
Fireplace No
Others
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Listed by Wilson Stephens Christie's Intl RE Sereno #01359517
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