1652 University Avenue, Berkeley CA – Corner Building Mixed-Use

+/- 6,232 RSF

HIGH-DEMAND LOCATION

• Corner property for sale or joint venture for development – near both North Berkeley BART and Downtown Berkeley BART Stations, as well as UC Berkeley, which is the number-one ranked public university in the world (U.S. News & World Report)
• University Avenue is a major highway corridor from I-80/I-580 near Fourth Street Shops to UC Berkeley campus and Downtown Berkeley
• 2 blocks to Trader Joe’s
• Within walking distance of Downtown Berkeley’s restaurants (over 150!), world-class theatre, arts, live music and sports venues
• AC Transit bus stops all along University Avenue, connecting to Downtown Berkeley and through adjacent cities
• Excellent historical and forecasted rent growth
• Affluent demographics
• One of the strongest real estate markets in the Bay Area

EXISTING BUILDING
•  SIZE: +/-6,232 SF
•  PARKING: off-street spaces and 5 garages
•  YEAR BUILT: 1946
•  LOT SIZE: +/-7,500 SF
•  APN: 56-2004-20

DEVELOPMENT

• Use Permit #ZP2022-0110 ready
• Rare, entitled development opportunity. Existing 2-story building (office over retail with parking), approved for mixed-use development with 28 dwelling units (26 residential, 2 live/work), 1 commercial
• Approved zoning entitlements for a mixed-use project
• This Studio KDA design includes a 5-story (59’-10”) mixed-use building of 24,732 total square feet – with 3,145 square feet of commercial space (one retail unit and two live/work units) on the ground floor, secure on-site bike parking for at least 14 bicycles, a communal deck + balconies, and 26 dwelling units – ten studios, twelve 1-bedroom, and four 2-bedroom
• Residential amenities will include a lobby, landscaped backyard, bike room, balconies, and communal deck with west views of San Francisco Bay
• The design for this project is sophisticated and tailored towards professionals

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