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1514-1516 University Ave 3,130 SF 100% Leased Retail Building Berkeley, CA 94703 $1,380,000 ($440.89/SF)
Investment Highlights
- Retail Investment Opportunity in the Heart of Berkeley
- Future Redevelopment/Owner-User Potential
- Easy Access to BART and Freeways
- Fully Leased to Two Established Tenants
- Property has strong visibility and frontage on University Avenue
- Rent Roll and Expenses Can be Provided
Executive Summary
Located along University Avenue, the asset benefits from strong visibility and consistent pedestrian and vehicular traffic. The property features multiple storefronts, providing diversified tenancy and income security. Its proximity to Downtown Berkeley and major transit options enhances long-term value. Investors will appreciate the established location and steady cash flow potential.
This retail property provides excellent exposure to University Avenue’s active commercial environment. The building offers a single-story layout with multiple storefronts, accommodating a range of retail uses. Tenants benefit from convenient access to BART stations, major bus lines, and nearby freeways. The surrounding area includes a mix of restaurants, shops, and services, creating a vibrant business ecosystem. Ample street frontage ensures strong branding opportunities for occupants. The property’s location near Downtown Berkeley and UC Berkeley drives consistent customer traffic. This site is well-suited for businesses seeking visibility and connectivity in a dynamic urban setting.
This retail property provides excellent exposure to University Avenue’s active commercial environment. The building offers a single-story layout with multiple storefronts, accommodating a range of retail uses. Tenants benefit from convenient access to BART stations, major bus lines, and nearby freeways. The surrounding area includes a mix of restaurants, shops, and services, creating a vibrant business ecosystem. Ample street frontage ensures strong branding opportunities for occupants. The property’s location near Downtown Berkeley and UC Berkeley drives consistent customer traffic. This site is well-suited for businesses seeking visibility and connectivity in a dynamic urban setting.
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Storefront
Building Size
3,130 SF
Building Class
C
Year Built
1950
Price
$1,380,000
Price Per SF
$440.89
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.33
Lot Size
0.22 AC
Zoning
C-1 - Neighborhood Commercial
Frontage
71’ on University Ave
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
Rack Attack started as a single store back in 1996, and they have grown into North America's premier retailer of vehicle rack solutions. With locations across North America to ship from, their online customers experience shipping to their door in less time, for no cost (most of the time). If you live close to one of their store locations, they install everything they sell. Many in-store customers choose one of their 'factory style' rack installations. They have over one million happy customers, and you can count on them to ensure you are the next. As of 2017 Banyan Capital Partners and Rack Attack management have purchased the company from the original founder.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Moderately walkable
70/100
Exceptionally drivable
100/100
Strong public transit
80/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 056-2003-020-01 | Improvements Assessment | $264,746 |
| Land Assessment | $628,003 | Total Assessment | $892,749 |
Property Taxes
Parcel Number
056-2003-020-01
Land Assessment
$628,003
Improvements Assessment
$264,746
Total Assessment
$892,749
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