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    2993 College Ave Berkeley, CA 94705

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    For Sale
    $80,000

    Fully operational restaurant near UC Berkeley with high foot traffic.

    Lot size:
    0.18 Acres

    Property Features for 2993 College Ave

    General Information

    Lot size
    0.18 Acres

    Building Details

    Year built
    1920

    Source: Ramsell Real Estate Inc Agent Andrew Fung

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Asian Fusion Restaurant Opportunity

    This is an opportunity to acquire a fully operational Asian fusion restaurant located near University City in Berkeley. The restaurant benefits from its proximity to UC Berkeley, resulting in consistent foot traffic from students, locals, and visitors. The space includes an open dining area and a fully equipped kitchen with all fixtures and equipment included. The current concept is well-received, with potential for menu or brand expansion. This opportunity is suitable for experienced chefs, owner-operators, or investors looking to enter Berkeley's food scene. The existing systems are in place to facilitate a smooth transition, allowing for immediate operation.
    Insight Report Location Intelligence

    Current Use by Public Records

    KAOKAO Grill Restaurant

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Ann's Catering, Done In Love Catering, Greenleaf Platters, League of Chefs, Greenleaf Provisions

    Location Insight

    • Map
    • Local Demand
    City
    Berkeley
    County
    Alameda
    State
    California
    Longitude
    -122.2526702
    Latitude
    37.8564098

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    FAQs

    What type of property is this?
    Restaurant - Fully operational restaurant near UC Berkeley with high foot traffic.
    Where is this restaurant located?
    The property is located at 2993 College Ave Berkeley, CA.
    What is the asking price?
    The asking price for this property is $80,000.
    What are key features of this property?
    This property features: - Fully operational Asian fusion restaurant for immediate takeover; - High-visibility location steps from UC Berkeley; - Established customer base and constant foot traffic
    (925) 915-8780
    Request Owner's contact information
    2993 College Ave Berkeley, CA 94705
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    Berkeley, CA 94705
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2993 College Ave Berkeley, CA 94705
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