For Sale
$5,100,000

2470 Telegraph AveBerkeley, CA 94704

Prime Retail & Office Space, High-Demand Location

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional three-story, 13,424 square foot mixed-use building at 2470 Telegraph Avenue in Berkeley, CA, presents a compelling investment opportunity. Currently configured as a storefront with two retail tenants generating existing income, this property offers significant upside potential. The upper two floors (~8,000 square feet) provide ample space for an owner-user to occupy, catering to the high demand for space in this vibrant area. Built in 1986 and renovated in 2011, the building is zoned C-T (Telegraph Avenue Commercial) and boasts a prime location in Berkeley's Southside neighborhood, just blocks from UC Berkeley. Its proximity to the university, coupled with the area's insatiable demand for housing and numerous student housing options, ensures strong tenant demand. The property benefits from excellent public transportation, walkability, and bikeability, with the Downtown Berkeley BART station a short 10-block walk away. Situated within a bustling shopping district on Telegraph Avenue, next to Moe's Books, this property is part of an urban mall-like setting. Further enhancing its appeal are several new housing developments underway and the nearby 5-story Telegraph-Channing parking garage. The asking price is $5,100,000, with a price per square foot of $380. The APN is 55-1881-2. This is a rare opportunity to acquire a thriving commercial property in a high-growth area.

Highlights

  • Three-story mixed-use building with office space above retail.
  • Existing income stream from two retail tenants.
  • Approximately 8,000 square feet of available office space on the second and third floors, ideal for owner-occupancy.
  • Located in the high-density Southside neighborhood, near UC Berkeley, an area with strong demand for housing and institutional presence.
  • Excellent transit access: walkable, bikeable, and within 10 blocks of Downtown Berkeley BART.
  • Situated in a vibrant retail environment on Telegraph Avenue, Berkeley's main shopping and dining district.

Property Details for 2470 Telegraph Ave

Property type
Retail properties, Mixed-use properties
Square Feet
13,424 SF
Year Built/Renovated
1986/2011
Stories
3

Location Insight

City
Berkeley
County
Alameda
State
California
Latitude
37.8655637
Longitude
-122.2587518
2470 Telegraph Ave, Berkeley, California

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2470 Telegraph Ave
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