Rare, entitled development opportunity in Berkeley, CA – one of the strongest real estate markets in the Bay Area. Corner property for sale or joint venture for development. Existing 2-story building (office over retail with parking), approved for mixed-use development with 28 dwelling units (26 residential, 2 live/work), 1 commercial. Approved zoning entitlements for a mixed-use project. •  Price: $3,000,000. •  Use Permit #ZP2022-0110 ready. EXISTING BUILDING: •  SIZE: ±6,232 SF •  PARKING: off-street spaces and 5 garages •  YEAR BUILT: 1946 •  LOT SIZE: ±7,500 SF •  APN: 56-2004-20 DEVELOPMENT: This Studio KDA design includes a 5-story (59’-10”) mixed-use building of 24,732 total square feet – with 3,145 square feet of commercial space (one retail unit and two live/work units) on the ground floor, secure on-site bike parking for at least 14 bicycles, a communal deck + balconies, and 26 dwelling units – ten studios, twelve 1-bedroom, and four 2-bedroom. The design for this project is sophisticated and tailored towards professionals. Residential amenities will include a lobby, landscaped backyard, bike room, balconies, and communal deck with west views of San Francisco Bay. HIGH-DEMAND LOCATION: Near both North Berkeley BART and Downtown Berkeley BART Stations, as well as UC Berkeley, which is the number-one ranked public university in the world (U.S. News & World Report). University Avenue is a major highway corridor from I-80/I-580 near Fourth Street Shops to UC Berkeley campus and Downtown Berkeley. • 2 blocks to Trader Joe’s. • Within walking distance of Downtown Berkeley’s restaurants (over 150!), world-class theatre, arts, live music and sports venues. • AC Transit bus stops all along University Avenue, connecting to Downtown Berkeley and through adjacent cities. • Excellent historical and forecasted rent growth. • Affluent demographics. • This diverse city is densely populated with a highly educated, high-income population and a recent study placed Berkeley at the top of the list of most cultural student cities in the world.