7.42% current Cap Rate. Unlock the potential of this exceptional mixed-use property located just steps from the University of Berkeley campus! The spacious ground floor features a vacant restaurant space that was formerly home to the renowned Tai Shan Chinese restaurant, complete with a fully equipped kitchenperfect for an owner-operator looking to start their own culinary venture. This setup allows the owner to operate their business while receiving rental income from the upper residential units, effectively offsetting expenses. The upper level consists of three residential units, with two units currently tenant-occupied and one additional unit available for immediate leasing or owner occupancy. Additionally, there is a bonus unit located in the back of the property, further enhancing your investment potential. Situated on high-traffic Telegraph Avenue, this property offers excellent visibility and foot traffic, making it ideal for a variety of business endeavors. Whether you're an investor seeking a property with multiple income streams or an entrepreneur ready to launch your dream restaurant, this property is a must-see. Don't miss out on this incredible opportunity in a vibrant and sought-after Berkeley neighborhood!
MLS #
SF424077293
MLS Source
San Francisco Association of Realtors® MLS
Days on Site
54
# Buildings / # Units
0
Parking Spaces
3
Present Use
Food Service, Mixed, Residential
Utilities
Water - Public
Flooring
Concrete
Cooling
None
Roof
Shingle
Sewer
Public Sewer
Water
Public
# Buildings | # Leased Units | # Total Units |
---|---|---|
0 | – | – |
2811 Telegraph Ave is a Commercial Sale in Berkeley, CA 94705. This 5,253 square foot property sits on a 5,324 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,890,000 and was built in 1908.
This address can also be written as 2811 Telegraph Ave, Berkeley, CA 94705.©2024 San Francisco Association of Realtors® MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from San Francisco Association of Realtors® MLS.
Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.
This listing information is up-to-date as of December 02, 2024. For the most current information, please contact Vincent Heung, (510) 220-0188