Turnkey Downtown Berkeley Office 1950 University Ave 20,747 SF Vacant Office Building Online Auction Sale Berkeley, CA 94704

1950 University Avenue presents an exceptional opportunity for investors, developers, or owner/users seeking a turnkey property within Berkeley's dynamic downtown district. Situated on 0.31 acres, this 20,747-square-foot office building features two stories with open floor plans designed to accommodate diverse tenant requirements. The property features an upgraded common area, atrium skylights that bring in natural light, and on-site parking. A new HVAC system ensures comfort throughout, while private decks and a spacious outdoor terrace on the second floor provide flexible indoor and outdoor workspace options for employees. Inside, the building includes a training room, multiple private offices, a conference room, cubicles, a kitchen, dedicated file storage, and five parking spaces, as well as a deck area. The interior currently consists of generous open areas that can be readily reconfigured to align with a new owner's vision. Zoned C-DMU (Downtown Mixed-Use), the site aligns with the city's Downtown Area Plan adopted in 2012, supporting objectives such as environmental sustainability, land use, accessibility, historic preservation, urban design, housing and community health, and economic development. This designation offers buyers significant flexibility for future use.

Situated in the heart of Downtown Berkeley, this property enjoys a prime location on University Avenue. It offers convenient access to major thoroughfares as well as proximity to public transit, including the Downtown Berkeley Station. The surrounding area is a dynamic center for arts, dining, retail, business, and entertainment. The presence of the University of California, Berkeley, just a few blocks away, significantly contributes to the local environment. Prominent cultural venues such as the Roda Theatre, Berkeley Repertory Theatre, Aurora Theatre Company, Berkeley Art Museum and Pacific Film Archive, and the UC Theatre Taube Family Music Hall are all nearby. In addition, several well-regarded restaurants, including Ippudo Berkeley, Imm Thai Street Food, The Butcher’s Son, and Platano, are located in close vicinity.

The East Bay represents a strong market for commercial real estate investment. Over the past year, median incomes have risen, reaching $130,000, outpacing the national average growth rate. Prominent employers in the area include Workday, Lam Research, and Veeva Systems, with recent additions such as fintech companies Square and Credit Karma further diversifying the business landscape. The ongoing expansion of the BART transit system connecting the East Bay to San Jose is enhancing commuting options for residents, increasing accessibility to major job centers.

Property tours are available by appointment only. Please contact the listing broker to schedule.