Bought with Hansen Li • BQ Group Inc
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2325 Martin Luther King Jr Way Oakland, CA 94612
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Key Details
Sold Price $240,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 3,750 sqft
Price per Sqft $64
MLS Listing ID 41083329
Year Built 1874
Lot Size 3,750 Sqft
Property Sub-Type Other
Property Description
This property, currently a church, offers incredible potential under its RU-5 Urban Residential zoning. RU-5 zoning supports multi-unit, mid-rise, and high-rise residential development, along with ground-floor neighborhood businesses in key city corridors. Additionally, the S-13 Affordable Housing Combining Zone overlay enhances its appeal by offering incentives for affordable housing projects. These include bonus height allowances, relaxed development standards, and no maximum residential density restrictions for qualifying projects—an attractive alternative to the State Density Bonus Program. This is a unique chance to create impactful development in a convenient location!
Location
State CA
County Alameda
Interior
Heating Other
Cooling Other
Flooring Carpet
Building
Lot Description Regular
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