721-745 5th St | Oakland, CA 94607
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721-745 5th St
Oakland, CA 94607
The Gingerbread House Complex · Retail Property For Sale
Investment Highlights
- Heavy drive by traffic
- Variation in buildings allows for wide range of use
- Existing community hub
Executive Summary
This is your opportunity to own a piece of historic Oakland. These two parcels, previously known as the Gingerbread House (a well known cajun/creole restaurant) are mired in Oakland history and a cornerstone piece of the community. On 745 5th Street, Angel Cakes Bakery, a well known and frequented establishment and the residential apartment above the bakery are fully leased and occupied with renewed leases as of this month. A community based non-profit popular for events currently resides on 741 5th Street with a flexible lease term. Allowing an investor to come into a stabilized asset with value-add opportunity, or a owner/user to move their business into part or the entire space at 741. These parcels are unique, full of character and charm. Stained glass windows, hard wood floors, and wood built-ins exist throughout every structure. Please inquire for more details on purchasing these parcels as a pair, or separately.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Deferred Maintenance
Property Type
Retail
Property Subtype
Building Size
2,915 SF
Building Class
C
Year Built
1957
Price
$2,017,260 CAD
Price Per SF
$692 CAD
Cap Rate
5.34%
NOI
$107,722 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.56
Lot Size
0.12 AC
Zoning
C-40
Frontage
PROPERTY TAXES
Parcel Number | 1-115-13-14 | Improvements Assessment | $367,451 CAD |
Land Assessment | $694,075 CAD | Total Assessment | $1,061,526 CAD |
PROPERTY TAXES
Parcel Number
1-115-13-14
Land Assessment
$694,075 CAD
Improvements Assessment
$367,451 CAD
Total Assessment
$1,061,526 CAD
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