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8 story 66 units usepermit across UC Berkeley 2462 - Bancroft Way 6,040 SF 100% Leased Retail Building Berkeley, CA 94704 For Sale

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EXECUTIVE SUMMARY

U S E P E R M I T
CITY OF BERKELEY ZONING ORDINANCE
Berkeley Municipal Code Title 23
USE PERMIT: #ZP2023-0107
Property Address: 2462 BANCROFT WAY
Permittee Name: ISAIAH STACKHOUSE, TRACHTENBERG ARCHS.
Use and/or Construction Permitted: Use Permit #ZP2023-0107 to demolish an existing nonresidential structure and construct at 40,086 square foot, eight-story (88 feet 6 inches) mixed use residential building containing 66 dwelling units (3 Very Low-Income units Density Bonus qualifying units), 1,312 square feet of commercial space, and 28 bicycle parking spaces.
Existing Restaurant Building, Former Wells Fargo Bank
APN: 055-1878-020-00
Building Size: 6040 sq. ft. per assessor
Year Built: 1963 per assessor
Lot Size: 6500 sq. ft. lot per assessor
Location: Directly from UC Berkeley Campus

DATA ROOM Click Here to Access

PROPERTY FACTS

Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,040 SF
Building Class
C
Year Built
1963
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.92
Lot Size
0.15 AC
Zoning
C-T - Telegraph Avenue Commercial
Frontage
68’ on Bancroft Way

AMENITIES

  • Signage
Walk Score®
Walker's Paradise (98)
Bike Score®
Biker's Paradise (92)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Bank of America
Chase Bank
Bank of Montreal
Orangetheory Fitness
Starbucks
U.S. Bank
Toyota Of Berkeley
Mechanics Bank
Blue Bottle Coffee
Patelco Credit Union

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
055-1878-020-00
Land Assessment
$9,203,422 CAD
Improvements Assessment
$1,913,294 CAD
Total Assessment
$11,116,716 CAD
  • Listing ID: 36671296

  • Date on Market: 2025-07-10

  • Last Updated:

  • Address: 2462 - Bancroft Way, Berkeley, CA 94704

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