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North Berkeley Building with High Visibility 1409-1415 Martin Luther King Jr Way

4,200 SF 100% Leased Retail Building Berkeley, CA 94709 $1,250,000 ($297.62/SF)

INVESTMENT HIGHLIGHTS

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

EXECUTIVE SUMMARY

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

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
4,200 SF
Building Class
C
Year Built
1925
Price
$1,250,000
Price Per SF
$297.62
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.86
Lot Size
0.11 AC
Zoning
C-N
Frontage
50’ on Martin Luther King Jr Way

AMENITIES

  • Bus Line
  • Signage
  • Signalized Intersection
  • Skylights
Walk Score®
Walker's Paradise (92)
Bike Score®
Biker's Paradise (91)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Barney's Gourmet Hamburgers
Andronico's Community Markets
Bank of America
Peet's Coffee
Bank of Montreal
Starbucks
Safeway
Anytime Fitness
Chase Bank
Mechanics Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
059-2269-001-00
Land Assessment
$710,670
Improvements Assessment
$391,837
Total Assessment
$1,102,507
  • Listing ID: 29383853

  • Date on Market: 8/28/2023

  • Last Updated:

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

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