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- LoopNet Team
1331 Ashby Ave
Berkeley, CA 94702
Land For Sale
·
0.17 AC
INVESTMENT HIGHLIGHTS
- Lot parcel is zoned R3 Multi Family Residential (6 condos) located only 8 min drive to UC Berkeley and Downtown Berkeley
- Future site of thriving condos with multiple R-2 and R-3 zoning in the immediate vicinity
- 3 Building Construction permits + 2 Demo permits issued by the City of Berkeley. Fully Entitled. "Shovel-Ready"
PROPERTY FACTS
DESCRIPTION
This is a Condo Development Opportunity lot parcel near UC Berkeley. Zoned R-3 Multi Family Residential, ready for a developer/builder to build 3 Duplexes on it, 2 condos per duplex at 2-3 stories high totaling 6 condos total PLUS multiple on-site car parking spaces and bike parking. Shovel-Ready, Fully Entitled. The buyer can start building right away. The following have been completed, making way for development and construction: (1) Five City-approved permits including 3 building permits + 2 demo permits, (2) an approved Site plan, (3) construction plans, (4) all appeal periods, (5) Big trees and bushes have been cleared/leveled saving everyone time and money. A 3 BD/1 BA house currently sits on the land ready to be demolished. Location is only 8-min drive to UC Berkeley or 17 min by bike. UC Berkeley is home to over 45,000+ university students a year.
