Homes for sale - 2811 Telegraph AVE, Berkeley, CA 94705

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Rebecca Brooks

rebeccabrooks@epique.me +1(415) 717-8398

Listed by Vincent Heung Compass

$1,890,000

Est. payment - /mo

5,253 SqFt

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UPDATED:

12/02/2024 08:09 PM

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 5,253 sqft

Price per Sqft $359

MLS Listing ID 424077293

HOA Y/N No

Year Built 1908

Lot Size 5,324 Sqft

Acres 0.1222

Property Description

7.42% current Cap Rate. Unlock the potential of this exceptional mixed-use property located just steps from the University of Berkeley campus! The spacious ground floor features a vacant restaurant space that was formerly home to the renowned Tai Shan Chinese restaurant, complete with a fully equipped kitchenperfect for an owner-operator looking to start their own culinary venture. This setup allows the owner to operate their business while receiving rental income from the upper residential units, effectively offsetting expenses. The upper level consists of three residential units, with two units currently tenant-occupied and one additional unit available for immediate leasing or owner occupancy. Additionally, there is a bonus unit located in the back of the property, further enhancing your investment potential. Situated on high-traffic Telegraph Avenue, this property offers excellent visibility and foot traffic, making it ideal for a variety of business endeavors. Whether you're an investor seeking a property with multiple income streams or an entrepreneur ready to launch your dream restaurant, this property is a must-see. Don't miss out on this incredible opportunity in a vibrant and sought-after Berkeley neighborhood!

Location

State CA

County Alameda

Area Berkeley Map Area 9

Interior

Cooling None

Flooring Concrete Slab

Fireplace No

Exterior

Roof Type Shingle

Total Parking Spaces 3

Building

Lot Description Business Park, City Lot, Freeway Nearby, Near Public Transit, Restaurant Nearby, Shopping Nearby, Paved

Sewer Public Sewer

Water Public

Level or Stories Multi/Split

New Construction No

Others

Tax ID 0531692027

Acceptable Financing Cash, Conventional, SBA Loan

Listing Terms Cash, Conventional, SBA Loan

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Rebecca Brooks

+1(415) 717-8398

San Francisco Bay Area Team Leader | License ID: 1249870

San Francisco Bay Area Team Leader License ID: 1249870

2811 Telegraph AVE Berkeley, CA 94705

Rebecca Brooks

Key Details

Location

Interior

Exterior

Building

Others

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2811 Telegraph AVE