2008 Mcgee Ave Berkeley, CA

Listing office Maven Properties | San Francisco s*@deroseappelbaum.com Show Phone

Listing date Oct 28, 2024

Source Moodyscre

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Investment Insights

Based on property information with market context.

This property features a 904 square foot building plus a garage, situated on 5,700 square feet of total land. The land is divided into two parcels: APN# 56-2004-2, which is 3,040 square feet, and APN #56-2004-23, which is 2,660 square feet. The property is located in Berkeley, CA, and is zoned C1. It is currently leased and generates an annual income of $43,692, which is approximately a 5% CAP rate. The lease is in effect until 2016 and includes an early termination clause.

Key Highlights

• $43,692 Annual Income (+/- 5% CAP)
• C1 Zoning
• 5,700 SF of Total Land (Two Lots)

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FAQs

What type of property is this?

Storefront property - 904 SF retail building with income in Berkeley, CA.

Where is this storefront property located?

The property is located at 2008 Mcgee Ave Berkeley, CA.

What is the asking price?

The asking price for this property is $700,000.

What are key features of this property?

This property features: $43,692 Annual Income (+/- 5% CAP); C1 Zoning; 5,700 SF of Total Land (Two Lots)