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    2959 San Pablo Ave Berkeley, CA 94702

    Sponsored
    For Sale
    Contact for pricing

    Prime Berkeley location, redevelopment opportunity.

    Property size:
    11,364 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.26-acre lot at 2959 San Pablo Avenue in Berkeley, California, presents a compelling mixed-use redevelopment opportunity. Situated in the West Berkeley Commercial District (C-W zoning), this property boasts a total square footage of 11,364, including an approximately 11,140 square foot building (per tax records) currently occupied by an automotive tenant under a short-term lease. The property's prime corner location at the southwest intersection of San Pablo Avenue and Burnett Street offers significant visibility and accessibility. Built in 1948, the single-story structure presents a blank canvas for creative redevelopment, catering to various uses including retail or automotive-related businesses. The property's existing infrastructure provides a solid foundation for a range of projects, capitalizing on the high demand for housing and commercial space in the rapidly growing Bay Area. The Alameda County Assessor's Parcel Number (APN) is 53-1629-19-1. This is a single-tenancy property with 100% occupancy, offering immediate income potential while redevelopment plans are finalized. The property's Class C designation and modified lease type provide flexibility for future development. This is an owner/user investment opportunity, ideal for those seeking to create a unique and profitable venture in a thriving Berkeley neighborhood. The zip code is 94702.

    Property Features for 2959 San Pablo Ave

    General Information

    Property type
    Automotive properties
    Square Feet
    11,364 SF
    Class
    C
    Lot Size
    11,326 SF

    Building Details

    Year Built
    1948
    Stories
    1

    HighLights

    • Mixed‑use redevelopment opportunity on a 0.26‑acre corner lot in Berkeley, CA.
    • 11,364 SF lot with a 11,140 SF existing building (per tax records), currently 100% occupied by an automotive tenant on a short‑term lease.
    • Located in the West Berkeley Commercial District (C‑W zoning).
    • Property features a single‑story building constructed in 1948.
    • APN: 53‑1629‑19‑1.
    Property Profile Location Intelligence

    Current Use by Public Records

    ACE TEST ONLY ... Smog Inspection Station El Manantial Tacos Taco Restaurant Berkeley Smog and DMV ... Smog Inspection Station Berkeley Smog Check ... Smog Inspection Station

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Berkeley
    County
    Alameda
    State
    California
    Longitude
    -122.2867658
    Latitude
    37.8532806

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    FAQs

    What type of property is this?
    Automotive property - Prime Berkeley location, redevelopment opportunity.
    Where is this automotive property located?
    The property is located at 2959 San Pablo Ave Berkeley, CA.
    What are key features of this property?
    This property features: Mixed-use redevelopment opportunity on a 0.26-acre corner lot in Berkeley, CA.; 11,364 SF lot with a 11,140 SF existing building (per tax records), currently 100% occupied by an automotive tenant on a short-term lease.; Located in the West Berkeley Commercial District (C-W zoning).
    Request Owner's contact information
    2959 San Pablo Ave Berkeley, CA 94702
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    Berkeley, CA 94702
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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
    2959 San Pablo Ave Berkeley, CA 94702
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