OFFERED EXCLUSIVELY BY: KEVIN GORDON 510 898-0513 • [email protected] • CalBRE#01884390
FOR SALE
Redevelopment Property Approved for 6 Live/Work Units or Creative Reuse
610 55TH STREET, OAKLAND, CA
610 55TH STREET, OAKLAND, CA
GORDON COMMERCIAL REAL ESTATE SERVICES 2091 Rose Street, Berkeley, CA 94709 • www.gordoncommercial.com • T 510 704-1800 • F 510 704-1830 • CalBRE# 00789365
PROPOSED 6 LIVE/WORK UNITS OR OWNER/USER OPPORTUNITY – IN OAKLAND’S TEMESCAL NEIGHBORHOOD
Condé Nast Traveler named Oakland’s Temescal Alley “The East Bay’s Hippest Street”
NICHE 2017 BEST PLACES named Oakland, CA “The 2nd Most Diverse City in America”
Close proximity to UC Berkeley and California College of the Arts, 610 55th Street is less than 1/2 mile to Temescal’s year-round Sunday Farmer’s Market. Less than 1/4 mile to Temescal Alley, 4 miles to Lake Merritt, 4 miles from Jack London Square with Amtrak station and SF Bay Ferry, and 11 miles to OAK. Oakland is richly diverse with world-renowned arts & culture, museums libraries, businesses and nightlife. Home to the famed Oracle Arena, Oakland A’s baseball and Golden State Warriors basketball teams. Oakland has 260 sunny days per year and its restaurants are topping “best of” lists nationwide. visitoakland.com
• Zoning approved for 6 live/work units
• Building plans ready for submittal
• Potential for build to suit and creative reuse
• Zoned RM-2
PROPERTY OVERVIEW• Square feet: ± 6,111 sf
• Land: ± 4,550 sf
• APN # 14-1212-6
SALE PRICE
$1,300,000
RM-255th STREET
SHATTUCK AVENUE
610
614618622
5515
5507
5521611
609
5501
RM-4
RM-4/C
Rare opportunity to own a commercial property adjacent to the Temescal district. Located across the SF Bay Bridge, at the base of Oakland Hills, this growing business district is full of small independent shops, restaurants and services. A walker’s paradise in North Oakland, on the edge of the flourishing Temescal. Near highways 24/580, with easy access to entire SF Bay Area. Excellent location for medical – just blocks from UCSF Benioff Children’s Hospital, less than a mile to Kaiser Permanente, and one mile to Alta Bates Summit Medical Center. Co-tenants include Mariposa Baking Company, Game Changer Fitness, Kingfish Pub & Cafe, Pizzaiolo, and Bakesale Betty. Daytime workforce of over 2,000 employees from nearby hospitals and DMV.
GORDON COMMERCIAL REAL ESTATE SERVICES 2091 Rose Street, Berkeley, CA 94709 • www.gordoncommercial.com • T 510 704-1800 • F 510 704-1830 • CalBRE# 00789365
610 55TH STREET, OAKLAND, CA
DEMOGRAPHICS
Temescal Population ± 39,590
Average Household Income $ 71,659
Median Age 38
Daytime Employees 17,910
Population of Oakland 420,005
(Source: CoStar)
AVERAGE DAILY TRAFFIC COUNTS PER DAY
Highway 24 at Telegraph Avenue North or East Bound 141,000
Highway 24 at Telegraph Avenue South or West Bound 129,000
On Telegraph Avenue, in Temescal 25,000
NEARBY BART STATIONS
Drive Walk Distance• Rockridge 5 min 18 min 1.0 mi• MacArthur 4 min 18 min 1.0 mi
< 610 55TH STREET is just one block from where Idora Park was located. This early 1900s amusement/trolley park boasted a wooden roller coaster, skating rink, opera house, zoo, ostrich farm, dance hall, racetrack and 3000-seat double-deck grandstand ballpark, a bandstand in its center and a mountain slide that sported a fireworks volcanic display.
ABOUT TEMESCALOne of the oldest neighborhoods in Oakland, Temescal is located in North Oakland, centered on Telegraph Avenue, a junction of several thoroughfares (Telegraph, Claremont, and Shattuck Avenue/51st). The commercial heart of Temescal is Telegraph Avenue, between the MacArthur BART Station and 51st Street. This area is known as eclectic and vibrant with delicious restaurants, cafés, and a hip nightlife. Popular eateries include Doña Tomás, Homeroom, Bakesale Betty, Aunt Mary’s Cafe, Asmara Restaurant, Burma Superstar and Cholita Linda.
Young families, bohemians and hipsters and are drawn to the local shops and services. Many shop owners have studios in their stores. “The Alleys”– two alleyways off 49th Street (at Telegraph) originally served as stables for the horse-drawn streetcar when it ran up Telegraph, and is now a commercial area with unique shops, coffee, a barber shop, ice cream, an art gallery, Book/Shop, Crimson Horticultural Rarities nursery and Homestead Apothecary. Temescal Alley is a pedestrian thoroughfare, filled with small, artisan shops and a free-spirited vibe. Just a 20-minute walk up Shafter Ave, and you will find yourself at Market Hall, a European-style marketplace in the adjacent Rockridge District.
NEIGHBORHOOD HIGHLIGHTS
• Studio One Arts Center offers low-cost classes in art, ceramics and photography.
• Temescal Pool, adjacent to Studio One Arts Center, serves the community with fun recreational programs.
• Temescal Street Fair, held in mid-June, highlights neighborhood artists, restaurants and merchants.
• Temescal Farmer’s Market every Sunday
WALK SCORE 93BIKE SCORE 95
610 55TH STREET, OAKLAND, CA
GORDON COMMERCIAL REAL ESTATE SERVICES 2091 Rose Street, Berkeley, CA 94709 • www.gordoncommercial.com • T 510 704-1800 • F 510 704-1830 • CalBRE# 00789365
610 55TH STREET
OAKLAND
TEMESCALDISTRICT
BENIOFF CHILDREN’S HOSPITAL
NORTH OAKLAND SENIOR CENTER
BUSHRODPARK
ZONE 3
ZONE 1
ZONE 2
ZONE 1 Expansion
Near Telegraph Avenue, with steadily increasing housing prices in the neighborhood. This is a vibrant, multicultural community with an attractive commercial district.
In August 2004, commercial and residential property owners along Telegraph Avenue and adjoining areas voted to form a special benefits assessment district along
Telegraph, from 40th to 66th Street (Berkeley border), including small portions of Shattuck Avenue, 51st Street, Claremont Avenue, and Children’s Hospital. Known as
the Temescal/Telegraph Business Improvement District (TBID), it’s mission is to make the Temescal Telegraph commercial
corridor more pedestrian-friendly for its residents, build upon the sense of community and attract new shoppers.
TBID accomplishments include: litter pick-up, graffiti abatement; 70 new pedestrian street lights, 100 pole banners, gateway
signage at district entry points; annual special event programming, 50 artistic murals and 100 planters with greenery installed.
• Forbes listed Oakland’s median Household Income at $86,066, and Oakland Job Growth (2016): 3.3%
• Oakland’s major industries: Transportation, Financial Services and Health Care
GORDON COMMERCIAL REAL ESTATE SERVICES 2091 Rose Street, Berkeley, CA 94709 • www.gordoncommercial.com • T 510 704-1800 • F 510 704-1830 • CalBRE# 00789365
610 55th STREET OAKLAND, CA
ROCKRIDGEDISTRICT
TEMESCAL DISTRICT
N
EW
S
PROXIMITY TO ENTIRE SF BAY AREA AND BEYOND Near several major cities as well as nature. Easy freeway access; close to 3 international airports (OAK, SFO and SJC). Oakland is ranked #1 among top US cities for international food (source: Travel Channel).
• Many cafés and eateries within 1-2 blocks
• 2 miles from UC Berkeley Campus
• 2.5 miles to Uptown Oakland
• 4 miles to Jack London Square
• 9 miles to Oakland’s Oracle Arena
• 10 miles to San Francisco Embarcadero
• 40 minutes to Silicon Valley
• 1 hour to Napa and Sonoma
• 4 hours to both Yosemite and Lake Tahoe
610 55TH STREET, OAKLAND, CA
Oakland International Airport
To San JoseTo SFO
7
610 55TH STREET, OAKLAND, CA
GORDON COMMERCIAL REAL ESTATE SERVICES 2091 Rose Street, Berkeley, CA 94709 • www.gordoncommercial.com • T 510 704-1800 • F 510 704-1830 • CalBRE# 00789365
The Avenue
Lanesplitter Pizza & Pub
Primavera
Mountain Mike’s Pizza
Red Sea Restaurant
Alem’s Coffee
Roses’ Taproom
Marica Seafood Restaurant
Subrosa Coffee
Blue Bottle Coffee
A16 Italian Restaurent
The Barrel Room
Underwood
Homeroom
Temescal Alleys: Doña Tomás, Curbside Creamery, The Cro Cafe
RESTAURANTS, CAFÉS AND BARS Mariposa Baking Company
Cholita Linda
Shangri-La Vegan
Caspers Hot Dogs
Kingfish Pub & Cafe
Bowl’d BBQ
Bakesale Betty
Asmara Restaurant
Peet’s Coffee & Tea
Pizzaiolo
Aunt Mary’s Cafe
La Calaca Loca Taqueria
Burma Superstar
Abesha
Khana Peena
The Hog’s Apothecary
Walgreens
Ruby’s Garden
East Bay Depot Creative Reuse
Sherwin-Williams Paint Store
Mark’s Paint Mart
Shoe Palace
Standard & Strange Men’s Clothing
Temescal Alleys: Ali Golden, Barbershop, BAGGU, Book/Shop, Esqueleto, Marisa Mason, Sagrada, Homestead Apothecary, Crimson, Lauren Wolf Jewelry Design, It’s Your Move Games
RETAILMarisa Mason
Temescal Produce Market
Mind’s Eye Vintage
Manifesto Bikes
Tip Top Bike Shop
Preserved
Blick Art Materials
Rockridge Two Wheels
Long Weekend Home Goods
Funky Furniture
Rockridge Two Wheels
Kelly-Moore Paints
FITNESSGame Changer Fitness
East Bay Athletic Club
CrossFit Oakland Uptown
Flying Studios Yoga Studio
Bliss Fitness and Health
Blue Sparrow Pilates & Fitness
610 55TH STREET, OAKLAND, CA
GORDON COMMERCIAL REAL ESTATE SERVICES 2091 Rose Street, Berkeley, CA 94709 • www.gordoncommercial.com • T 510 704-1800 • F 510 704-1830 • CalBRE# 00789365
PROJECTS CURRENTLY IN PIPELINE OR COMPLETED IN LAST 5 YEARS
Application approved
Completed
Application submitted
- under review
Under construction
Pre-application discussions
Within a 1-2 mile radius:
• Children’s Hospital expansion
• 44 new residential units at
4801 Shattuck (under construction)
• 48 residential units and ±4,700 SF
of retail at 4,700 Telegraph
(under construction)
• 204 new units of residential and
±33,800 SF of retail located at
5110 Telegraph (approved)
610 55TH STREET
OAKLANDR O C K R I D G E
GORDON COMMERCIAL REAL ESTATE SERVICES 2091 Rose Street, Berkeley, CA 94709 • www.gordoncommercial.com • T 510 704-1800 • F 510 704-1830 • CalBRE# 00789365
610 55TH STREET, OAKLAND, CA
FLOOR PLAN – PROPOSED 1st FLOOR
“LIVE” PORTION OF UNIT
GORDON COMMERCIAL REAL ESTATE SERVICES 2091 Rose Street, Berkeley, CA 94709 • www.gordoncommercial.com • T 510 704-1800 • F 510 704-1830 • CalBRE# 00789365
610 55TH STREET, OAKLAND, CA
FLOOR PLAN – PROPOSED GROUND FLOOR
“LIVE” PORTION OF UNIT
GORDON COMMERCIAL REAL ESTATE SERVICES 2091 Rose Street, Berkeley, CA 94709 • www.gordoncommercial.com • T 510 704-1800 • F 510 704-1830 • CalBRE# 00789365
610 55TH STREET, OAKLAND, CA
PROPOSED SOUTH ELEVATION
GORDON COMMERCIAL REAL ESTATE SERVICES 2091 Rose Street, Berkeley, CA 94709 • www.gordoncommercial.com • T 510 704-1800 • F 510 704-1830 • CalBRE# 00789365
610 55TH STREET, OAKLAND, CA
PROPOSED NORTH & EAST ELEVATION
GORDON COMMERCIAL REAL ESTATE SERVICES 2091 Rose Street, Berkeley, CA 94709 • www.gordoncommercial.com • T 510 704-1800 • F 510 704-1830 • CalBRE# 00789365
610 55TH STREET, OAKLAND, CA
NEIGHBORHOOD
Oakland’s Temescal District is highly walkable and bikeable. A new mural featuring Raiders running back Marshawn Lynch and Golden State Warriors forward Kevin Durant can be seen at 4900 Telegraph Avenue, near Temescal Alley.
GORDON COMMERCIAL REAL ESTATE SERVICES 2091 Rose Street, Berkeley, CA 94709 • www.gordoncommercial.com • T 510 704-1800 • F 510 704-1830 • CalBRE# 00789365
610 55TH STREET, OAKLAND, CA
NEIGHBORHOOD
GORDON COMMERCIAL REAL ESTATE SERVICES 2091 Rose Street, Berkeley, CA 94709 • www.gordoncommercial.com • T 510 704-1800 • F 510 704-1830 • CalBRE# 00789365
610 55TH STREET, OAKLAND, CA
The information contained herein has been provided by the owner of the property or other sources we deem reliable. We have no reason to doubt its accuracy, but we cannot guarantee it. All information should be verified prior to selling.
NEIGHBORHOOD
