The Park Lane Motel offers a unique value-add opportunity for hospitality or affordable housing conversion. This property includes 23 guest rooms and a manager's unit with 1 bedroom and 1 bathroom. The building spans 6,983 square feet on a 19,989 square foot lot. Currently operating as a motel, the property is an excellent candidate for affordable housing, especially given the numerous funding programs available and the ongoing affordability crisis in the region. Ideally situated on MacArthur Blvd, the asset provides convenient access to I-580 and is near the Oakland Zoo, Coliseum BART Station, Oakland International Airport, and essential everyday retailers.
Listing Courtesy of Theodore Wong , Compass Commercial
PROPERTY INFORMATION
Location
Airport Nearby, BART Nearby, Freeway Nearby, Neighborhood, Public Transportation Nearby
Commercial
Listing Courtesy of Theodore Wong , Compass Commercial