1409-1415 Martin Luther King Jr Way - Storefront FOR SALE


Berkeley, CA 94709
$1,250,000 USD
510-524-2344
1409-1415 Martin Luther King Jr Way, Berkeley, CA for Sale
$1,250,000 USD
Storefront - FOR SALE
1/17
null | Request Cap Rate

1409-1415 Martin Luther King Jr Way
Berkeley, CA 94709


HIGHLIGHTS

  • 4 retail spaces with high ceilings, many with skylights
  • 2 spaces currently leased with m-t-m leases
  • Excellent visibility – near high-traffic count, signalized corner of MLK Jr. Way and Rose Street
  • Adjacent to Mr. Mopps’ Toy Shop, and across from FatApple’s Restaurant & Bakery
  • 2 blocks to North Berkeley’s famous culinary neighborhood filled with popular cafés and shops
  • Easy street parking, and near weekly Farmer’s Market (every Thursday)

OVERVIEW

Rare neighborhood commercial building, with excellent visibility – near high-vehicle count, signalized corner of MLK Jr. Way and Rose Street.  SQUARE FOOTAGE: ±3,500 (per county records) LOT SIZE: ±4,500 (per county records) APN: 059-2269-32 YEAR BUILT: 1925  • 4 COMMERCIAL SPACES: 1409: ±1,320 RSF 1411: ±425 RSF 1413: ±425 RSF 1415: ±1,058 RSF • 1409 is currently vacant • 1411, 1413 + 1415 are leased • 50' of street frontage on busy MLK Jr. Way. Single story building. Wood frame with stucco construction  • 4 retail spaces: - High ceilings - Many with skylights - Partial renovation completed in 2011; adding 2 ADA restrooms - 2 spaces currently leased with m-t-m leases  • Electricity separately metered • Single water meter • Adjacent to Mr. Mopps’ Toy Shop, and across from FatApple’s Restaurant & Bakery • Just 2 blocks to North Shattuck’s culinary destinations and boutique shops • 2 blocks to North Berkeley’s famous culinary neighborhood filled with popular cafés and shops sharing an emphasis on quality, artisan products and services • Close to Walnut Square shops with the original Peet's Coffee, The Walk Shop, Bryn Walker, A Priori, Dimples, and Healthy Spot Pet Store • .8 mile to Downtown BART Plaza and UC Berkeley campus  • .7 mile to North Berkeley BART  • Easy street parking  • Near weekly Farmer’s Market (every Thursday)  • High traffic count on MLK Jr. Way (at Vine Street) is 22,531

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$298 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

North Berkeley Building with High Visibility

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,900 SF

ZONING

C-N

APN/PARCEL ID

059-2269-320-00

ASK ABOUT THIS PROPERTY

Lori RosenthalGordon Commercial Real Estate BrokerageMore Info
510-524-2344

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Lori RosenthalGordon Commercial Real Estate BrokerageMore Info
510-524-2344

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.