Lease Summary
California Capital & Investment Groups is pleased to present this rare development or owner/user opportunity consisting of two parcels totaling approximately 15,000 SF land in Oakland’s highly desirable Lake Merritt District. This site can potentially deliver 136 residential units and has a generous height limitation of 175 feet. Oakland has experienced an unprecedented amount of new development over the past 5 years and these parcels at 169 14th Street & 1329 Madison Street present another great development opportunity. The site can also be acquired by an owner/user looking to put it's business in a well located property. Property is currently a preschool.
Key Facts
- Height Limit: 175 Ft. (Potentially 275 ft with a conditional use permit allowed for 3 buildings, total – Verify with City of Oakland).
- Potential residential dwelling unit #: +/- 136 units (+/- 110 SF of lot area per regular dwelling unit for development)
- Seller will potentially lease back the existing property for 2 years.
- Maximum Non-Residential FAR: 8
- Zoning: D-LM-2
- 500 Ft walk to Alameda County Assessor's Office and Superior Courthouse + 5 Minute Walk to Lake Merritt
- Near Lake Merritt BART Station and Ample Public and Street Parking Available
- Walker's Paradise: 99
- Good Transit Score: 87
- Biker's Paradise Score: 92
- Very close to major arterial thoroughfares including Broadway Ave, International Blvd and Lakeshore Ave
- Close to I-880, I-80 and I-580
- Close proximity to Oakland Museum of CA
- Surrounded by a plethora of restaurants, cafes, and other amenities
