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Mixed-Use

2147 San Pablo Ave

2147 San Pablo Ave, Berkeley, CA 94702

Listing Price: $3,500,000

Lot Size
0.33 acres
Price/Acre
$10,468,997
Land Type
Redevelopment

Investment Overview

A 14,563 square foot development site offering the potential to build up to 44 residential units and 3,800 square feet of retail ideally located less than two miles from the University of California Berkeley in the affluent North Alameda Submarket of Berkeley, CA. Marcus & Millichap has been selected to exclusively represent for sale 2147 San Pablo Avenue, a 14,563 square foot development site located on the northeast corner of San Pablo Avenue and Cowper Street. Current ownership has created design concepts for the property which would call for a 52,700 square foot building comprised of 44 residential units and 3,800 square feet of retail storefront. The property currently features a 4,928 square foot automotive servicing building. The building is 100% leased to Bay Area Auto Glass through October of 2024, either party has the right to terminate anytime after April 31, 2021 by providing the other party with 90 days written notice. By contract, the lease is NNN, however, the landlord has not been billing the building insurance back to the tenant. 2147 San Pablo Avenue is surrounded by substantial development. The property is located across the street from a 96-unit elder residential memory care and assisted living facility development project, is less than two miles from a 137-unit development project on Shattuck Avenue, and is located less than one- and one-half miles from a newly completed 107-unit project on Addison Street. 2147 San Pablo Avenue stands as an excellent development opportunity located less than two miles from the University of California Berkeley, just 11 miles from densely populated San Francisco. The submarket is saturated with development projects, with over nine thousand recently completed and in-progress units.

Investment Highlights

  • Ideally located less than two miles from the University of California Berkeley, the #1 rated public university worldwide
  • 11 miles from densely populated San Francisco
  • 14,563 square foot development site located on the northeast corner of San Pablo Avenue and Cowper Street

Exclusively Listed By

Listing Price: $3,500,000

Lot Size
0.33 acres
Price/Acre
$10,468,997
Land Type
Redevelopment

Investment Highlights

  • Ideally located less than two miles from the University of California Berkeley, the #1 rated public university worldwide
  • 11 miles from densely populated San Francisco
  • 14,563 square foot development site located on the northeast corner of San Pablo Avenue and Cowper Street

Investment Overview

A 14,563 square foot development site offering the potential to build up to 44 residential units and 3,800 square feet of retail ideally located less than two miles from the University of California Berkeley in the affluent North Alameda Submarket of Berkeley, CA. Marcus & Millichap has been selected to exclusively represent for sale 2147 San Pablo Avenue, a 14,563 square foot development site located on the northeast corner of San Pablo Avenue and Cowper Street. Current ownership has created design concepts for the property which would call for a 52,700 square foot building comprised of 44 residential units and 3,800 square feet of retail storefront. The property currently features a 4,928 square foot automotive servicing building. The building is 100% leased to Bay Area Auto Glass through October of 2024, either party has the right to terminate anytime after April 31, 2021 by providing the other party with 90 days written notice. By contract, the lease is NNN, however, the landlord has not been billing the building insurance back to the tenant. 2147 San Pablo Avenue is surrounded by substantial development. The property is located across the street from a 96-unit elder residential memory care and assisted living facility development project, is less than two miles from a 137-unit development project on Shattuck Avenue, and is located less than one- and one-half miles from a newly completed 107-unit project on Addison Street. 2147 San Pablo Avenue stands as an excellent development opportunity located less than two miles from the University of California Berkeley, just 11 miles from densely populated San Francisco. The submarket is saturated with development projects, with over nine thousand recently completed and in-progress units.

Exclusively Listed By

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