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8 story 66 units usepermit across UC Berkeley 2462 - Bancroft Way 6,040 SF 100% Leased Retail Building Berkeley, CA 94704 For Sale
Executive Summary
Purchase/Joint Venture Welcome.
U S E P E R M I T
CITY OF BERKELEY ZONING ORDINANCE
Berkeley Municipal Code Title 23
USE PERMIT: #ZP2023-0107
Property Address: 2462 BANCROFT WAY
Permittee Name: ISAIAH STACKHOUSE, TRACHTENBERG ARCHS.
Use and/or Construction Permitted: Use Permit #ZP2023-0107 to demolish an existing nonresidential structure and construct at 40,086 square foot, eight-story (88 feet 6 inches) mixed use residential building containing 66 dwelling units (3 Very Low-Income units Density Bonus qualifying units), 1,312 square feet of commercial space, and 28 bicycle parking spaces.
Existing Restaurant Building, Former Wells Fargo Bank
APN: 055-1878-020-00
Building Size: 6040 sq. ft. per assessor
Year Built: 1963 per assessor
Lot Size: 6500 sq. ft. lot per assessor
Location: Directly from UC Berkeley Campus
U S E P E R M I T
CITY OF BERKELEY ZONING ORDINANCE
Berkeley Municipal Code Title 23
USE PERMIT: #ZP2023-0107
Property Address: 2462 BANCROFT WAY
Permittee Name: ISAIAH STACKHOUSE, TRACHTENBERG ARCHS.
Use and/or Construction Permitted: Use Permit #ZP2023-0107 to demolish an existing nonresidential structure and construct at 40,086 square foot, eight-story (88 feet 6 inches) mixed use residential building containing 66 dwelling units (3 Very Low-Income units Density Bonus qualifying units), 1,312 square feet of commercial space, and 28 bicycle parking spaces.
Existing Restaurant Building, Former Wells Fargo Bank
APN: 055-1878-020-00
Building Size: 6040 sq. ft. per assessor
Year Built: 1963 per assessor
Lot Size: 6500 sq. ft. lot per assessor
Location: Directly from UC Berkeley Campus
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,040 SF
Building Class
C
Year Built
1963
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.92
Lot Size
0.15 AC
Zoning
C-T - Telegraph Avenue Commercial
Frontage
68’ on Bancroft Way
Amenities
- Signage
Walk Score®
Walker's Paradise (98)
Bike Score®
Biker's Paradise (92)
Nearby Major Retailers
Property Taxes
| Parcel Number | 055-1878-020-00 | Improvements Assessment | $1,364,125 |
| Land Assessment | $6,561,780 | Total Assessment | $7,925,905 |
Property Taxes
Parcel Number
055-1878-020-00
Land Assessment
$6,561,780
Improvements Assessment
$1,364,125
Total Assessment
$7,925,905
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8 story 66 units usepermit across UC Berkeley | 2462 - Bancroft Way
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