2811-2815 Telegraph Ave, Berkeley, CA 94705

Building Details

Year Built

1908

Listing office Compass - Burlingame v***@compass.com

Listing date Nov 15, 2024

Source Crexi

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Overview

This mixed-use property is located steps from UC Berkeley. The property features a vacant restaurant space on the ground floor, previously occupied by Tai Shan Chinese Restaurant. The restaurant space includes a commercial kitchen. The upper levels contain three 2-bedroom, 1-bathroom residential units, with two currently leased and one available. Additionally, there is a bonus 2-bedroom, 1-bathroom rear unit. Situated on Telegraph Avenue, the property benefits from high visibility and foot traffic. The location is within 1 mile of UC Berkeley, providing access to potential customers and tenants. The property is surrounded by amenities and conveniences, contributing to high rental demand. The property size is 5253 square feet. This property is located in Berkeley, CA.

Suggested Use

Home Appliance Store (Bike/Boat/Book/etc) Store HVAC Service Auto Parts Store Mobile Phone Store Butcher Tanning Salon Pet Grooming Service Electrical Service Cosmetic Store

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

Location Insight

• Map
• Local Demand

City

Berkeley

County

Alameda

State

California

Longitude

-122.2589005

Latitude

37.859051

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FAQs

What type of property is this?

Mixed-use property - Prime investment opportunity with restaurant space and residential units.

Where is this mixed-use property located?

The property is located at 2811-2815 Telegraph Ave Berkeley, CA.

What is the asking price?

The asking price for this property is $1,450,000.

What are key features of this property?

This property features: Prime location steps from UC Berkeley on Telegraph Avenue, ensuring high visibility and foot traffic.; High‑income potential with a **7.42% cap rate**.; Mixed‑use property with a vacant, fully equipped commercial restaurant space.