Property Detail

Description

PRIME ENTITLED DEVELOPMENT OPPORTUNITY IN WEST OAKLAND We are pleased to present 3223 Filbert Street, a highly desirable development opportunity located in the dynamic West Oakland submarket. Offered at $799,000, this 6,250 square foot (0.14 acre) vacant commercial lot represents a rare and streamlined path to construction in a city known for its rigorous development process. The true value of this asset lies in its rare, fully approved entitlement for a 20-unit residential building. Securing entitlements in Oakland is a notoriously complex and time consuming endeavor. By bypassing this significant hurdle, developers can mitigate risk, drastically reduce holding costs, and accelerate their timeline to breaking ground and realizing a return on investment.