2470 Telegraph Ave - Storefront Retail/Office FOR SALE


Berkeley, CA 94704
$5,100,000 USD
510-898-0513
2470 Telegraph Ave, Berkeley, CA for Sale
$5,100,000 USD
Storefront Retail/Office - FOR SALE
1/29
null | Request Cap Rate

2470 Telegraph Ave
Berkeley, CA 94704


HIGHLIGHTS

  • Existing income in place with 2 retail and 2 office tenants. Available 3rd floor space creates immediate owner-user opportunity
  • Excellent natural light, new flooring and paint throughout. HVAC, and ADA restrooms in place
  • Sprinklered. Skylights, some operable windows. Views!
  • Meticulously maintained building. Secure entrance with key pad entry to lobby and elevator
  • Situated amidst TONS of student housing, including UC and private dorms, and the new Enclave Building
  • Great bus lines, bikeable, walkable – 10 blocks to Downtown Berkeley BART, 1 block to City parking garage

OVERVIEW

Rare owner-user or investment opportunity. Contemporary, renovated, 3-story building in the heart of UC Berkeley Southside – rich with amenities, transportation, and access to highly educated work force. Full floor office with growth opportunity, plus in-place income. Existing income in place with 2 retail and 2 office tenants. Available 3rd floor space creates immediate owner-user opportunity. Located in the high-density Southside neighborhood just blocks to UC Berkeley. Historically there are many institutions who want to be located near UC Berkeley, and there has been an insatiable demand for housing in the area. PROPERTY FEATURES - Two built-out restaurant spaces on ground floor - Upstairs space perfect for office, classroom, or tech use - Excellent natural light. Office spaces have nice mix of open space and large private rooms - Meticulously maintained building - Elevator, HVAC, and ADA restrooms in place - Sprinklered. Skylights, some operable windows. Views! LOCATION HIGHLIGHTS - 4 short blocks to UC Berkeley campus with over 62,000 daily population - Great bus lines, bikeable, walkable – 10 blocks to Downtown Berkeley BART - Tremendous foot traffic – part of an urban mall-like setting bursting with shops. Telegraph Avenue is the main shopping and eating district serving UC Berkeley campus - Situated amidst TONS of student housing, including UC and private dorms, and the new Enclave Building - Next to iconic Moe’s Books, across from Amoeba Music - Surrounded by a wide variety of cafés, restaurants, quaint boutiques, vintage clothing stores and other retail shops - 5-story Telegraph-Channing Parking Garage is only 1.5 blocks away

FOR SALE DETAILS

PRICE

$5,100,000 USD

PRICE/SF

$380 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Rare Owner-User or Investment Opportunity

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

C-T

APN/PARCEL ID

055-1881-002-00

ASK ABOUT THIS PROPERTY

Kevin GordonGordon Commercial Real Estate BrokerageMore Info
510-898-0513

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Kevin GordonGordon Commercial Real Estate BrokerageMore Info
510-898-0513

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