CONTACT: LORI ROSENTHAL CalBRE#

Transcription

1 FOR SALE :: 2618 SAN PABLO AVENUE, BERKELEY, CA OWNER/USER, VALUE-ADDED INVESTMENT OR DEVELOPMENT OPPORTUNITY CONTACT: LORI ROSENTHAL CalBRE#

2 SALE PRICE: $1,500,000 PROPERTY OVERVIEW Building Size: ± 6,436 SF Lot Size: ± 7,290 SF APN#: Zoned C-W (West Berkeley Commercial) Currently zoned for religious assembly use Close to many residential developments, major employment, parks and schools PROPERTY FEATURES 54 of street frontage on San Pablo Avenue Property is 135 deep Can be used or adapted in multiple ways New flooring Kitchen, 2 restrooms New ceiling sheetrock and recessed lighting Multiple storage areas Alarm system Single story building concrete-block construction Current location of Covenant Church; former location of Black Oak Books Walk to numerous restaurants and retail amenities Part of the West Berkeley Design Loop Easy accessibility to SF Bay Bridge and freeways 24, 80, 580, 880 and 980 Please Do Not Disturb WALK SCORE 92 Current Tenant! BIKE SCORE 100 Disclaimer: There is outstanding work required to obtain final sign-off on building permit. Needs to be verified by buyer. A FREE WEST BERKELEY SHUTTLE STOPS ON 10TH STREET (AT CARLETON) DIRECTLY BEHIND THE PROPERTY A 15-MINUTE RIDE TO ASHBY BART STATION 10TH STREET PARKER STREET CARLETON STREET 2618 SAN PABLO AVENUE

3 LOCATION HIGHLIGHTS.5 mile to Berkeley Bowl West a destination grocery store and café known for its organic produce, meat, fish and bulk foods 2618 SAN PABLO AVENUE 1.5 miles to Emeryville Public Market, with eateries and Urban Outfitters, Guitar Center, Peet s Coffee 2 miles to Powell Street Plaza Shops with Petco, Trader Joe s, Jamba Juice, BevMo, Starbucks, Marshalls, and Ross BERKELEY 2.2 miles to Bay Street Shops including Apple Store, Athleta, Banana Republic, EQ3, See s Candies, West Elm, Old Navy, Victoria s Secret, Sephora, Barnes & Noble, Gap, and AMC Theaters 2 miles to Downtown and UC Berkeley Campus Near hundreds of housing units approved or under construction. And ±1,400 units (in 20 projects) have been submitted and are pending review OAKLAND In the vicinity of 2 Amtrak train stations and near 3 international airports (OAK, SFO and SJC) 10 miles to San Francisco Major employers in the vicinity include Pixar, Clif Bar & Company, Modern-twist Inc, Meyer Sound, Title Nine Sportswear, Acme Bread Company, Whole Foods Market (Regional), Metropolis Baking TCHO Chocolate, F real Foods, Bolt Threads, Peet s Coffee Corporate Headquarters, and LeapFrog Berkeley and adjacent Emeryville contain more than 150 life sciences companies (one of the highest concentrations in California). Nearby life science employers include: Bayer, UC Berkeley, Lawrence Berkeley National Lab and XOMA EMERYVILLE N OAKLAND W S E

4 PARKER ST 2618 SAN PABLO AVENUE, BERKELEY, CA NEXT DOOR DEVELOPMENT CURRENTLY IN THE PLANNING STAGE 1050 Parker Street, Berkeley (other addresses include: 2612 San Pablo Avenue, and 2621 Tenth Street) The site comprises three parcels, two of which are zones Mixed Use Light Industrial (MU-LI) with the third being Commercial West Berkeley (CW). The project will include combining the three parcels into one split-zoned parcel. The new structure will straddle the zoning boundary with ± 60,670 SF of usable space located in the CW-zoned portion of the site and approximately 41,000 sf of usable space located in the M-LI portion. The proposed structure will be split leveled with a combination of two and three story sections. Parking will be located under the building and on surface parking lots. The main building entry will be located on the ground level of the building. This 3-story building project consists of office space (Occupancy: B) and parking on ground level. Retail space and a pocket park are provided in San Pablo Avenue. Surface parking and landscaping will occupy remainder of the site. The building is L shape with simple variation in form. Total lot area: 68,331 SF 1050 PARKER STREET, BERKELEY SOUTHEAST CORNER VIEW SAN PABLO AVENUE PARKER STREET 2618 SAN PABLO AVENUE

5 NEARBY AMENITIES MAP FOOD AND DRINKS Far Leaves Tea The Rare Barrel Brewery Paisan Italian Restaurant Longbranch Saloon Le Pho Vietnamese Restaurant Anchalee Thai Cuisine Caffè Chiave Standard Fare Tomate Cafe Anthony s Cookies Nordic House Deli Alfonso s Cafe Gaumenkitzel Gallegos Mexican Restaurant Smoke BBQ Restaurant Luca Cucina Italiana Acme Bar & Company La Marcha Tapas Bar Lanesplitter Pizza & Pub Highwire Coffee Roasters Spoon Korean Bistro Mint Leaf Vietnamese Vital Vittles Bakery 900 Grayson Nina s Cafe Rotten City Pizza Los Moles Augie s Montreal Deli 9th Street Cafe Riva Cucina Viks Chaat Home Grown Oakland Tribu Cafe Novel Brewing Company 2618 SAN PABLO AVENUE Ashby BART FITNESS Berkeley CrossFit Addison Yoga Loft Berkeley The Yoga Room West Berkeley Fencing Club City Sports Club Berkeley Ironworks West Wind Kung-Fu Karate Kids Gym Berkeley Berkeley Muay Thai & Fitness Soja Mind/Body ASHBY PLAZA RETAIL Ecohome Improvement East Bay Nursery Metro Lighting Country Cheese Shop Keetsa Mattress Store Selena & Lily Outlet Ohmega Salvage Omega Lighting & Design The Sink Factory Berkeley Bowl West Big O Tires Famous Foam Factory Mignonne Furniture Neeko Clothing Ecology Center Store Dave s Record Shop Lhasa Karnak Herb Company Walgreens Rocket Restaurant Resource Ashby Plaza Shops

6 WEST BERKELEY DESIGN LOOP OVERVIEW OF DESIGN LOOP OFFERINGS The West Berkeley Design Loop is a group of local merchants, teamed up to provide an unparalleled home improvement shopping experience. Located along a convenient path of travel from I- 80 via Ashby Avenue, University Avenue, or Gilman Street exits West Berkeley Design Loop merchants work together in the spirit of co- opetition. Home goods Home improvement n Design Loop area CATEGORIES OF MERCHANTS INCLUDE: Antique and Salvage Hardware Store Bed and Bedding Home and Garden Books and Educational Home Décor Resources Lighting Cabinets and Countertops Lumber and Decking Flooring and Tile Plumbing Fixtures Furniture and Hardware Glass and Stained Glass NEARBY SHOPS ON THE LOOP: Metro Lighting Ohmega Salvage The Gardener Keetsa Mattress Fenton MacLaren The Sink Factory Truitt and White Lumber EcoHome Improvement GILMAN EXIT UNIVERSITY EXIT ASHBY EXIT

7 DEVELOPMENT OPPORTUNITY Zoning for the site, subject to a site-specific city review and approvals, allows for multi-story commercial, live/work, mixed use, and solely residential. Development Standards: C-W Zoning District FAR shall not exceed three Building Height Limitations are as follows: USE TYPE HEIGHT (FEET) STORIES (NUMBER) Commercial Only 40 3 Live/Work Only 40 3 Residential Only 40 3 Mixed Use* 50 4 * Special Requirement: 4th floor must be residential or live/work The information contained herein has been given to us by the owner of the property or other sources we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase.

8 FLOOR PLAN KITCHEN RESTROOM #1 RESTROOM #2 SAN PABLO AVENUE 2618 ENTRANCE STAGE OFFICE This drawing is intended to be used as an aid for planning. Though care was taken in drawing this floor plan, accuracy is not guaranteed.

9 PHOTO TOUR

10 NEARBY NEW DEVELOPMENTS 3015 San Pablo Avenue (The Higby): 5-story mixed-use building with 98 residential units and 6,194 SF commercial space. Leased San Pablo Avenue (Foundry31): 70,000 SF flexible R&D and office space. Available for lease San Pablo Avenue: 9,992 SF retail space. Full retail remodel. Under construction San Pablo Avenue: 5-story, mixed-use building, 17,360 SF (39 residential units and 1,500 SF commercial space). Under construction. DEMOGRAPHICS 1 MILE 3 MILE Population 33, ,082 Daytime Employees 18, ,749 Median HH Income: $82,394 $84,529 TRAFFIC COUNTS COLLECTION STREET CROSS STREET TRAFFIC VOLUME DISTANCE San Pablo Avenue Russell Street 22, mi Dwight Way Valley Street 10, mi 7th Street Grayson Street 12, mi NEIGHBORHOOD Experiencing explosive growth, this eclectic urban area is a mixture of residential, industrial, bio-tech, office and retail uses San Pablo Avenue is Berkeley s largest commercial corridor As of Q4 2017, the district s vacancy rate by square footage was 5.5%, the lowest recorded in 5 years Retail performance along the San Pablo corridor, measured by sales tax revenue, has been increasing since 2012 (up 23%) Source: CoStar

11 NEIGHBORHOOD The information contained herein has been provided by the owner of the property or other sources we deem reliable. We have no reason to doubt its accuracy, but we cannot guarantee it. All information should be verified prior to sale.