Conveniently Located Mixed-Use Building | 893 Neilson St
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Conveniently Located Mixed-Use Building 893 Neilson St 5,600 SF 42% Leased Retail Building Berkeley, CA 94707 $1,895,000 ($338.39/SF) 5.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Prominently featured Mixed-Use building situated on prime corner parcel on the Berkeley/Albany border. Address is also 893 Neilson Street, Berkeley CA
- 3 commercial/retail spaces at street level and 4 residential units on the second floor
- Expansive private parking area and rear yard
- 2-story building with expansive frontage and south facing exposure, allows for an abundance of natural light
- Building has recent capital improvements which include: new roof, new paint, and an exterior building restoration
- Contact brokers for photos of occupied units
EXECUTIVE SUMMARY
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
• Contact Brokers for photos of occupied units
• Additional photos and estimated income + expenses available upon request
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
• Contact Brokers for photos of occupied units
• Additional photos and estimated income + expenses available upon request
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
5,600 SF
Building Class
C
Year Built
1928
Price
$1,895,000
Price Per SF
$338.39
Cap Rate
5.50%
NOI
$104,258
Percent Leased
42%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.05
Lot Size
0.12 AC
Zoning
C-SO (Solano Avenue)
Frontage
62’ on Solano Ave
AMENITIES
- Corner Lot
Walk Score®
Walker's Paradise (95)
Bike Score®
Very Bikeable (84)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 062-2870-020-00 | Improvements Assessment | $1,480,000 |
| Land Assessment | $640,000 | Total Assessment | $2,120,000 |
PROPERTY TAXES
Parcel Number
062-2870-020-00
Land Assessment
$640,000
Improvements Assessment
$1,480,000
Total Assessment
$2,120,000
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Conveniently Located Mixed-Use Building | 893 Neilson St
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