3132 E 12th St, Oakland, CA 94601

Property Description

Oppotunity zone, Fruitvale Bart Station Multifamily/Mix-use Midrise Use Development Opportunity. Located on the Bart Line, just 1 block away from the station, including its own bus stop. This CN-3 half-block property is a rare opportunity. Once developed this property will become a landmark for the Fruitvale district, with views of the Bay, Oakland Hills, Downtown, and the peninsula from the top floors and rooftop deck at 75'+ high. Conceptual plan available of luxury condos or apartments with prime first floor retail. Survey available. Conceptual pre-planning architectural available for 40 units, but State bills may allow for up to 150 senior SRO units and variance to zoning height restrictions to possibly go up 100' . Parking requirements heavily lowered due to proximity to Bart. Receive monthly rents from the existing month-to-month tenant as you work on your entitlements!