For Sale
$1,198,000

982 University AveBerkeley, CA 94710

Prime Berkeley Retail w/ Apartments

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Berkeley storefront at 982 University Avenue presents a unique investment opportunity. The 3,436 square foot building boasts a turn-key restaurant space on the ground floor, complete with a partially equipped kitchen and a historic bar. Two spacious one-bedroom apartments, currently rented at $1900 and $1700 per month respectively, provide substantial rental income. These upper-floor units offer bright, comfortable living spaces. A large storage structure and a sizable backyard add to the property's value. Built in 1893, this Class C property sits on a 0.08-acre lot in a high-traffic area, just minutes from UC Berkeley and public transportation. Its prime location ensures excellent visibility and a steady flow of potential customers. The property's architectural character and well-maintained historic features add to its appeal. This mixed-use property is ideal for investors, owner-operators, or developers seeking immediate income and a strong location in the heart of Berkeley. The asking price is $1,198,000, with a price per square foot of $348.66. The property includes three units in total.

Highlights

  • Highly desirable Berkeley location.
  • Generous interior space.
  • Exceptional street visibility.
  • High daytime pedestrian traffic.
  • Architecturally significant building with charm.
  • Well-preserved historic details.

Property Details for 982 University Ave

Property type
Retail properties, Retail space
Square Feet
3,436 SF
Class
C
Year Built
1893
Lot Size (sq. ft)
3,485 SF
Units
3

Location Insight

City
Berkeley
County
Alameda
State
California
Latitude
37.8684423
Longitude
-122.2947842
982 University Ave, Berkeley, California

FAQs

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982 University Ave
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