20
See all 20 photos
$1,980,000
Est. payment /mo
7,501 Sqft Lot
New
578 7TH STREET Oakland, CA 94607
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UPDATED:
03/05/2025 06:39 AM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 41087981
HOA Y/N No
Lot Size 7,501 Sqft
Property Description
Entitled development site in downtown's Old Oakland neighborhood: build this architecturally rich modern 32,250 square foot, five-story building designed by world renowned architect Stanley Saitowitz of Natoma Architects. Plans included for the approved 56 residential units, with an approval extension until January 31, 2028. Another option: remodel this former restaurant and market space back into a gourmet eatery in the heart of the City. Desirable Old Oakland offers thriving community businesses, top-rated restaurants, and easy access to the rest of the East Bay, San Francisco, and beyond. Minutes to Jack London Square, Lake Merritt, Downtown, Laney College and both State and Federal Buildings. Accessible to public transit including BART, Ferry, Amtrak, both 880 & 980 freeways, and multiple parking garages and plentiful street parking. This exciting project is nearly shovel-ready and waiting for you to take it over the finish line! Inquire for pricing & disclsoures Property Features: Current Building Area: 5,982 square feet of floor area* Lot Area: 7,501 square feet* Year Built: 1923 Zoning: D-DT-CX, S-14, S-13 (Base Height and Intensity Area 8) Existing Use: Commercial restaurant and market space Approved for 56 residential units (41 market rate and 15 moderate rate affordable rental) Architect: Stanley Saitowitz - Natoma Architects Inc. Planning Entitlement Expiration: January 31, 2028 Proposed Building Square Feet: 32,250 Proposed # of Stories: 5-stories Approved for 56 Units (41 market rate and 15 moderate rate affordable rental residential units) Architectural plans by Stanley Saitowitz of Natoma Architects Inc. have been approved by City of Oakland Planning Department.** Building Permit submitted *Per survey **Buyer to perform due diligence to their satisfaction. Broker is relying on information provided by seller.
Location
State CA
County Alameda
Interior
Fireplace No
Building
Lot Description Street Level
Water Public
Others
Tax ID 120915
Acceptable Financing Cash, Conventional, Contract, 1031 Exchange
Listing Terms Cash, Conventional, Contract, 1031 Exchange
Virtual Tour https://thegundermangroup.com/property/578-7th-street-oakland/
Listed by David Gunderman • KW Advisors East Bay