2811 Telegraph Avenue Berkeley, CA 94705

Mixed Use Residence

Beds

Baths

5,253 Sq. Ft.

0.12 Acre Lot

Property Activity

Time on Site

days

Days on Market

Views

Saves

Last updated on 11/14/2024 5:50 PM

Listing Details

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 equipp...ed 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! Continue reading

MLS#

424077293

Property Type

Mixed Use

Year Built

1908

Square Feet

5,253 sq. ft

Lot Size

0.12

Sewer

Public Sewer