2959 San Pablo AveBerkeley, CA 94702

Property Details for 2959 San Pablo Ave

Year built

1948

Construction

TYPE NOT SPECIFIED

Lot size

0.26 AC

Property size (Sq ft)

1,140 SF

Property type

Retail properties

Property subtype

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.

• CAP approach

  CAP return

  Valuation

  6%

  $459,756

  6.5%

  $424,390

  7%

  $394,076

• Comparable approach

  Method

  Valuation

  Relative Method

  $527,148

  Geo Method

  $801,253

• Alternative Use

  Use

  Valuation

  Residential

  $357,989

  Hospitality

  $327,916

  Educational

  $272,822

  Medical

  $282,205

  Retail

  $424,390

Location Insight

City

Berkeley

County

Alameda

State

California

Latitude

37.8533

Longitude

-122.287

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].