0 Castro St, Oakland, CA for sale

Investment Overview

7th & Castro is the largest undeveloped assemblage within ½ mile to the Downtown Oakland Core. The zoning for the property is Community Commercial (CC-2), which promotes commercial and residential activities to support the local community and commercial activities. The property is also within a Federal Opportunity Zone, designed to promote major investment in targeted communities. 7th & Castro Street is a 62,446 square foot assemblage of vacant land, including major corridor frontage and is within ½ mile of Oakland’s City Center and less than ¾ of a mile from Jack London Square and West Oakland BART station. The property lends itself to a major development by taking advantage of its 90-foot height limit for development. With the State’s Affordable Housing Density Bonus, the height limit may be exceeded to increase the number of housing units.