2733-37 San Pablo Ave, Berkeley, CA 94702
11,255 SF | 100% Leased | Industrial Building | Berkeley, CA 94702 | $3,800,000 ($338/SF)
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $3,800,000
- Property Type
-
Industrial
- Price / Square Foot
- $338
Listing Contacts
Erik Housh
Verified Profile
Francis Griffin
Verified Profile
- Property Info
Property Overview
*Redevelopment or owner/user possibility*
Redevelopment: Zoned C-W Commercial, the West Berkeley site is suitable for mixed-use development with ground floor retail or 100% residential, if more than 50% affordable. Owners will allow 18-24 months for entitlement prior to COE. 3.0 FAR, 50 foot/4-story height limit. Walking distance to some of East Bay’s largest employers, such as Bayer Laboratories,
LBL, Seimens, Arris Composites, Meyer Sound, West Berkeley Bowl, Ecole Bilingue, Weatherford Motors, LBNL (Lawrence Berkeley National Labs) QB3 East, Aquatic Park Center, Kaiser Permanente Medical Offices, DTSC (Department of Toxic Substances Control), Riva Cucina restaurant and more.
Owner/user: At the intersection of San Pablo and Grayson Street, this +/-19,117-SF parcel contains a +/-11,255-SF mixed-use building. The building currently breaks out into a front office area (slightly under 2,000 SF), open warehouse (approximately 7,000 SF), and second floor residential (approximately 2,300 SF). The commercial area features heavy power, 2 newly updated ADA restrooms, 2 roll-up doors, clear heights of 11’ and 14’ below the beams in the warehouse portions, and off-street parking for 20+ vehicles. On the second floor, there are 2 spacious 2BD / 1BA apartments with in-unit laundry and access to a large roof top deck/patio. The seller currently occupies the entire commercial area and intends to wind down his business over the next 18 months before moving out. The seller prefers a long escrow but will consider a short close with a sale-leaseback.
Redevelopment: Zoned C-W Commercial, the West Berkeley site is suitable for mixed-use development with ground floor retail or 100% residential, if more than 50% affordable. Owners will allow 18-24 months for entitlement prior to COE. 3.0 FAR, 50 foot/4-story height limit. Walking distance to some of East Bay’s largest employers, such as Bayer Laboratories,
LBL, Seimens, Arris Composites, Meyer Sound, West Berkeley Bowl, Ecole Bilingue, Weatherford Motors, LBNL (Lawrence Berkeley National Labs) QB3 East, Aquatic Park Center, Kaiser Permanente Medical Offices, DTSC (Department of Toxic Substances Control), Riva Cucina restaurant and more.
Owner/user: At the intersection of San Pablo and Grayson Street, this +/-19,117-SF parcel contains a +/-11,255-SF mixed-use building. The building currently breaks out into a front office area (slightly under 2,000 SF), open warehouse (approximately 7,000 SF), and second floor residential (approximately 2,300 SF). The commercial area features heavy power, 2 newly updated ADA restrooms, 2 roll-up doors, clear heights of 11’ and 14’ below the beams in the warehouse portions, and off-street parking for 20+ vehicles. On the second floor, there are 2 spacious 2BD / 1BA apartments with in-unit laundry and access to a large roof top deck/patio. The seller currently occupies the entire commercial area and intends to wind down his business over the next 18 months before moving out. The seller prefers a long escrow but will consider a short close with a sale-leaseback.
Property Details
- Class
- C
- Year Built
- 1948
- Stories
- 1
- Property Subtype
- Distribution
- Lot Size (sq. ft)
- 19,166 SF
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