2587 Telegraph | Berkeley, CA 94704
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- LoopNet Team
2587 Telegraph
Berkeley, CA 94704
Berkeley ±344 Bed Student Housing Development · Land For Sale
·
0.43 AC
INVESTMENT HIGHLIGHTS
- LESS THAN 5 BLOCKS & JUST AN 8-MIN WALK TO THE ENTRANCE OF THE UC BERKELEY CAMPUS, THE # 1 PUBLIC UNIVERSITY IN THE WORLD
- CURRENT ZONING MAY ALLOW FOR THE CONSTRUCTION OF UP TO A ±105,000 SF MIXED-USE BUILDING WITH UP TO ±117 APARTMENTS & ±344 BEDS
- WALKER'S PARADISE (99 WALK SCORE), BIKER'S PARADISE (95 BIKE SCORE), 1-MILE TO DOWNTOWN BERKELEY BART
- FANTASTIC STUDENT HOUSING DEVELOPMENT OPPORTUNITY IN ONE OF THE MOST SUPPLY CONSTRAINED SUBMARKETS IN THE UNITED STATES
- AVERAGE ASKING RENT FOR DUAL OPCCUPANCY ROOMS IN NEWLY CONSTRUCTED STUDENT HOUISNG PROPERTIES IN BERKELEY IN NORTH OF $1,950 PER BED & $7.70 PER SF
- ±18,790 SF RETAIL BUILDING SITUATED ON A ±18,779 SF LOT - POTENTIAL FOR COVERED LAND PLAY DURING THE ENTITLEMENT PROCESS
PROPERTY FACTS
PROPERTY TAXES
| Parcel Number | 055-1839-019-01 | Improvements Assessment | $10,000 |
| Land Assessment | $9,990,000 | Total Assessment | $10,000,000 |
PROPERTY TAXES
Parcel Number
055-1839-019-01
Land Assessment
$9,990,000
Improvements Assessment
$10,000
Total Assessment
$10,000,000
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