3021 Telegraph Ave - Medical FOR SALE


Berkeley, CA 94705- Elmwood
$1,550,000 USD
510-499-1235
3021 Telegraph Ave, Berkeley, CA for Sale
$1,550,000 USD
Medical - FOR SALE
1/63
null | Request Cap Rate

3021 Telegraph Ave
Berkeley, CA 94705
Elmwood


OVERVIEW

3021 Telegraph Avenue is a notably well-located Berkeley commercial property consisting of 4,875 square feet of land with a single-story building of 4,373 square feet.* The corner parcel is immediately situated at the corner of Telegraph Avenue and Webster Street. Just across Telegraph Avenue from Whole Foods Market 1 block South of Ashby Avenue, and 1 block West of the Alta Bates Summit Medical Center 5 blocks west of College Avenue & the Elmwood District 8 blocks East of the Ashby BART station 1 mile south of UC Berkeley (±56,000 daytime population) The building features exceptional visibility and exposure along the key commercial arterial of Telegraph Avenue, which connects UC Berkeley to Downtown Oakland. Great opportunity for new ownership to establish a strong business presence in Berkeley with rich potential for signage enhancements.** Zoning of C-1 (General Commercial) allows a wide range of commercial uses, including general business offices, retail establishments, medical offices, and personal or professional services. The building is currently configured as five internal suites, with two occupied and three vacant. Both existing tenants are on month-to-month commercial leases. Most of the suites have internal restrooms, and there are also two common area restrooms. SBA financing is available for owner-users at acquisition and for any subsequent business improvements. In addition, the seller will carry limited financing for qualified buyers. New housing developments are currently underway across Webster Street from the property. The first, at the Southwest corner of Telegraph and Webster, is nearing delivery and will begin lease-up in 2026. The second, directly across Webster Street from the subject property, is in the late stages of finalizing entitlements and permits with the city. Parking is readily available in the vicinity, with surface lots and a public parking garage located within one block. The property is also well-served by public transportation, with multiple AC Transit lines stopping adjacent to the building. For additional information, please contact the brokers. Tours are available upon request. *Per the City of Berkeley taxable square footage database here: https://data.cityofberkeley.info/City-Government/Taxable-Square-Footage/9a47-nj4i/about_data **Buyers to verify with the City of Berkeley.

FOR SALE DETAILS

PRICE

$1,550,000 USD

PRICE/SF

$443 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Centrally-Located Medical Office Suite

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,213 SF

ZONING

C-C

APN/PARCEL ID

052-1573-071-00

ASK ABOUT THIS PROPERTY

Thomas Garabedian-ConeRed Oak RealtyMore Info
510-499-1235

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Thomas Garabedian-ConeRed Oak RealtyMore Info
510-499-1235

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.