For Sale
$19,750,000

920 University Avenue Berkeley, CA 94710

113-room hotel, prime Berkeley location.

Overview

Added:
Jan 28
Days on market:
87
This exceptional investment opportunity presents the University Inn, a 113-key, three-story interior corridor hotel situated on a 1.54-acre lot at 920 University Avenue in Berkeley, CA 94710. The property boasts an excellent location near the University of California, Berkeley, and Lawrence Berkeley National Laboratory, ensuring consistent demand. The hotel features ample parking and banquet space, although a full-service restaurant is currently closed. This presents a value-add opportunity for investors seeking to capitalize on the high barrier to entry market in the Bay Area. Its proximity to major demand generators, including UC Berkeley (2.2 miles), San Francisco (12.6 miles), and Oakland (16.6 miles), positions it strategically for significant growth. The vibrant Berkeley location offers access to Tilden Regional Park, Berkeley Marina, and the thriving downtown area, further enhancing its appeal. This property is an ideal investment for those seeking upside potential in a dynamic and highly sought-after market. The building size is 93,992 square feet. The asking price is $19,750,000.

Highlights

  • 113-room hotel in Berkeley, CA, near UC Berkeley and major employers.
  • Three-story building situated on 1.54 acres of land on University Avenue.
  • Offers value-add potential in a high-barrier-to-entry market with excess parking.

Property Details for 920 University Avenue

Property type
Hotels, Hospitality properties
Square Feet
93,992 SF
Price / Square Foot
$210.12
Year Built
1965
Buildings
1
Stories
3
Elevators
N/A
Lot Size (sq. ft)
67,082 SF
Units
113

Location Insight

City
Berkeley
County
State
California

FAQs

What type of property is this?
Hotel - 113-room hotel, prime Berkeley location.
Where is the hotel located?
The property is located at 920 University Avenue Berkeley, CA.
What is the asking price?
The asking price for this property is $19,750,000.
What are key features of this property?
This property features: 113-room hotel in Berkeley, CA, near UC Berkeley and major employers.; Three-story building situated on 1.54 acres of land on University Avenue.; Offers value-add potential in a high-barrier-to-entry market with excess parking.
How can I contact the broker?
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920 University Avenue
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