Rare Owner-User or Investment Opportunity 2470 Telegraph Ave
13,424 SF 74% Leased Retail Building Berkeley, CA 94704 $5,100,000 ($380/SF)
INVESTMENT HIGHLIGHTS
- Existing income in place with 2 retail and 2 office tenants. Available 3rd floor space creates immediate owner-user opportunity
- Sprinklered. Skylights, some operable windows. Views!
- Situated amidst TONS of student housing, including UC and private dorms, and the new Enclave Building
- Excellent natural light, new flooring and paint throughout. HVAC, and ADA restrooms in place
- Meticulously maintained building. Secure entrance with key pad entry to lobby and elevator
- Great bus lines, bikeable, walkable – 10 blocks to Downtown Berkeley BART, 1 block to City parking garage
EXECUTIVE SUMMARY
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
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
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
13,424 SF
Building Class
C
Year Built/Renovated
1987/2011
Price
$5,100,000
Price Per SF
$380
Percent Leased
74%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.54
Lot Size
0.20 AC
Zoning
C-T - Commercial-Telegraph
Frontage
73 FT on Telegraph Ave
AMENITIES
- Bus Line
- Restaurant
- Signage
- Skylights
- Tenant Controlled HVAC
- Air Conditioning
- Balcony
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
TERM: Available for One (1) Year or longer • Newly renovated office available for lease on busy Telegraph Avenue – just a few blocks from the UC Berkeley campus gates. Perfect location for an organization affiliated with UC Berkeley or anyone who wants to be close to the university. HIGHLIGHTS - Bright and airy second floor space, newly renovated - Elevator, HVAC, and ADA restrooms in place - Building meets UC seismic requirements - Secure entrance with key pad entry to lobby
| Space | Size | Space Use | Position | Available |
| 301 | 1,200 SF | Office | - | Now |
301
| Size |
| 1,200 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
Walk Score®
Walker's Paradise (99)
Bike Score®
Biker's Paradise (93)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $4,426,417 | |
| Land Assessment | $1,673,853 | Total Assessment | $6,100,270 |
