Description
The MS-3 (Main Street) zoning makes this an amazing redevelopment parcel with 7,430 square feet, four blocks to wildly-popular Tennyson Street in Berkeley. Its both 4824 & 4826 W 38th Ave, a side-by-side duplex thats zoned for commercial and/or residential uses. Long-term, the value is in the land/great zoning. Initially, it was priced for redevelopment. Now, after price reductions, this is also an ideal candidate for an owner-occupying business or as a rental income property with what appears to be GREAT appreciation potential awaiting the urban infill redevelopment market to spring back up post-COVID. With mixed-use zoning and great signage opportunities, sufficient parking and centered between the vibrant West Highlands and Berkeley neighborhoods, this would be an excellent location for a wide variety of businesses. It also works well as a residential rental. This property was built as residential and is currently set-up as residential so financing it on a 30-year residential mortgage should work fine.
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0BEDS
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0.17ACRES
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0BATHS
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01/2 BATHS
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2,180SQFT
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$291$/SQFT
School Information
Offered by Re/Max Professionals.Description
The MS-3 (Main Street) zoning makes this an amazing redevelopment parcel with 7,430 square feet, four blocks to wildly-popular Tennyson Street in Berkeley. Its both 4824 & 4826 W 38th Ave, a side-by-side duplex thats zoned for commercial and/or residential uses. Long-term, the value is in the land/great zoning. Initially, it was priced for redevelopment. Now, after price reductions, this is also an ideal candidate for an owner-occupying business or as a rental income property with what appears to be GREAT appreciation potential awaiting the urban infill redevelopment market to spring back up post-COVID. With mixed-use zoning and great signage opportunities, sufficient parking and centered between the vibrant West Highlands and Berkeley neighborhoods, this would be an excellent location for a wide variety of businesses. It also works well as a residential rental. This property was built as residential and is currently set-up as residential so financing it on a 30-year residential mortgage should work fine.
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