893 Neilson St - Storefront Retail/Residential FOR SALE


Berkeley, CA 94707- Thousand Oaks
$1,895,000 USD
510-898-0513
893 Neilson St, Berkeley, CA for Sale
$1,895,000 USD
Storefront Retail/Residential - FOR SALE
1/24
null | 5.5% Cap Rate

893 Neilson St
Berkeley, CA 94707
Thousand Oaks


HIGHLIGHTS

  • Prominently featured Mixed-Use building situated on prime corner parcel on the Berkeley/Albany border. Address is also 893 Neilson Street, Berkeley CA
  • 2-story building with expansive frontage and south facing exposure, allows for an abundance of natural light
  • 3 commercial/retail spaces at street level and 4 residential units on the second floor
  • Building has recent capital improvements which include: new roof, new paint, and an exterior building restoration
  • Expansive private parking area and rear yard
  • Contact brokers for photos of occupied units

OVERVIEW

This Prominently featured Mixed-Use building is situated on a prime corner parcel on the Berkeley/Albany border. A two-story building with expansive frontage and south facing exposure, allows for an abundance of natural light. With (3) commercial/retail spaces at street level and (4) residential units on the second floor, this property has a balance unit-mix that appeals to a broader renter base. The investment offers excellent upside potential for an owner/user or investor as (2) commercial/retail spaces and (2) residential spaces have been updated and delivered vacant. The building also has recent capital improvements that include a new roof, new paint, and an exterior building restoration for starters. Adorned with period charm that has been nicely preserved add to the overall aesthetics, while a private parking area and rear yard lend to the expansiveness of the parcel. Conveniently located in one of the East Bay’s most popular enclaves, the property boasts a Walking Score of 95 as many eateries, cafes, boutiques, shopping and transportation are within walking distance. Don’t miss this unique opportunity. PRICE / SF: $338 BUILDING SIZE: ±5,600 SF PARCEL SIZE: ±5,323 SF YEAR BUILT: 1928 APN: 062-2870-020-00  OPEN HOUSES • Tuesday, March 11th, 2025 @ 3 PM - 5 PM • Vacant units will be available to tour. Do not disturb tenants • Contact Brokers for photos of occupied units • Additional photos and estimated income + expenses available upon request

FOR SALE DETAILS

PRICE

$1,895,000 USD

PRICE/SF

$338 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Conveniently Located Mixed-Use Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1928

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,323 SF

ZONING

C-SO (Solano Avenue)

APN/PARCEL ID

062-2870-020-00

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.