2959 San Pablo Ave Berkeley, CA 94702
- Auto shops
- 1,140 SF
- 0.26 lot acres
Current Use by Public Records
- ACE TEST ONLY SMOG CENTER / Smog Inspection Station
- El Manantial Tacos / Mexican Restaurant / Taco Restaurant
- Berkeley Smog and DMV Registration Service / Smog Inspection Station
- Berkeley Smog Check and DMV Registration / Smog Inspection Station / Registration Office
Property Details for 2959 San Pablo Ave
- Year built
- 1948
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.26 lot acres
- Property size
- 1,140 SF
- Property type
- Auto shops
- APN
- 53-1629-19-1
- APU
- 531629191
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $260,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $295,000
- 6.5%
- $340,000
- 7%
- $310,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $255,000
- Geo Method
- $305,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $390,000
- Retail
- $305,000
- Mixed-Use
- $305,000
- Hospitality
- $310,000
- Educational
- $295,000
- Residential Income
- $375,000
- Energy
- $330,000
- Income-Based Land
- $315,000
- Food Service
- $375,000
Location Insight
- Map
- Local Demand
- City
- Berkeley
- County
- Alameda
- State
- California
- Longitude
- -122.287
- Latitude
- 37.8533
- CBSA code
- 41860
- CBSA name
- SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
