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1111 University Ave 3,497 SF Vacant Retail Building Berkeley, CA 94702 $3,700,000 ($1,058.05/SF)
INVESTMENT HIGHLIGHTS
- Massive traffic count
- Density bonus
- City of Berkeley gateway to UC
EXECUTIVE SUMMARY
Huge development opportunity on the road to UC Berkeley. Perfectly situated between Interstate 80 and Cal Berkeley. Zoned C-U with a small portion in R-4. Or, this is a great re-use project for an owner/user.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,497 SF
Building Class
C
Year Built
1939
Price
$3,700,000
Price Per SF
$1,058.05
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
0.48 AC
Zoning
C-U - Zoned C-U with a smaller portion in R-4, Node and density bonus available, Large nearly level lot. High traffic, gateway to the City of Berkeley.
Parking
25 Spaces (7.15 Spaces per 1,000 SF Leased)
Frontage
Walk Score®
Walker's Paradise (96)
Bike Score®
Biker's Paradise (100)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 057-2085-026-00 | Improvements Assessment | $256,660 |
| Land Assessment | $972,851 | Total Assessment | $1,229,511 |
PROPERTY TAXES
Parcel Number
057-2085-026-00
Land Assessment
$972,851
Improvements Assessment
$256,660
Total Assessment
$1,229,511
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1111 University Ave
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