Properties

Comm Industrial For Sale For Sale

2,985 Sqft - 2941 College Ave, BERKELEY, California 94705-2203

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Property Description

First time on market. Prime retail property located in the vibrant Elmwood Shopping District in Berkeley. 2941 – 2945 College Avenue is a +-2,985 SF retail property situated at the intersections of Ashby and College Avenue. The property is configured with three separate retail spaces, each with +- 995 SF on the ground floor, plus a mezzanine level in each space. Two long-term tenants currently occupy the property, with leases for both expiring at the end of March 2019. Each individual suite is separately metered for gas, electricity and water. There are eight parking spaces at the rear of the property currently being used by tenants. Excellent opportunity to reposition the property and increase income and cash flow.

Basic Details
Property Type : Comm Industrial For Sale
Listing Type : For Sale
Listing ID : 40944576
Price : $1,480,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 2,985 Sqft
Year Built : 1913
Lot Area : 5,976 Sqft
Features
Heating System : Other Heat
Cooling System : Other
Roof : Unknown
Address Map
Country : US
State : CA
County : Alameda
City : BERKELEY
Zipcode : 94705-2203
Street : College Ave
Street Number : 2941
Floor Number : 0
Longitude : W123° 44' 50''
Latitude : N37° 51' 27.4''
MLS Addon
Office Name : Colliers International
Area : Berkeley Map Area 10
Address : 2941 College Ave
Cross Street : Ashby Ave
Directions to Property : Ashby Ave to College Ave
LA1User Code : 183504786
LA1Agent First Name : Richard
LA1Agent Last Name : Martini
Status Category : Sold
Tot # Parking Spaces : 8
Zoning : C-E
List $/SqFt : $496
Age : 105
Apx Lot Sq Ft : 0 Sqft
Annual Taxes : $22,236
Total Deposits : $0
EXTERIOR : Brick, Wood, Brick/veneer
FLOORING : Other, Partially Carpeted, Hardwood Floors
Business Name : Three Retail Storefronts
Bus Sq Ft of Bldg : 2,017 Sqft
TENANT EXPENSE : Electric, Gas, Interior Maintenance, Sewer, Water
LOCATION : Business District, Mid-block
Other Loans (Y/N) : No
1st Loan Balance : $0
2nd Loan Balance : $0
Tot Other Loans : $0
Financial Data Verif(Y/N) : No
FINANCIAL DATA SOURCE : Owner, Estimated
Ann Act Gross Inc : $83,700
Gross Oper Actual Inc : $83,700
Listing Type : Excl Right
Listing Service : Full Service
Special Information : None
Original Price : $1,480,000
Sold Price : $1,810,000
Previous Price : $1,480,000
Sale $/SqFt : $0
Comm Industrial For Sale For Sale
  • Listing ID : 40944576
  • Bedrooms : 0
  • Bathrooms : 0
  • Square Footage : 2,985 Sqft
$1,480,000
Agent info
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