1414 Walnut St Spécialité 1 831 m² À vendre Berkeley, CA 94709

We are pleased to present a unique investment opportunity for the acquisition of a historic, income-producing property located at 1414 Walnut Street in Berkeley, California, in the heart of Berkeley’s world-renown ‘gourmet ghetto.’ The property offers an approximately 21,502 square foot building situated on a 47,440 square foot lot (1.09 acres), making it a prime candidate for future re-development. Built in 1917, this iconic structure is a testament to the architectural history of Berkeley, offering the buyer the ability to possess, initially, steady income through a 3-5 year sale-leaseback while pursuing entitlement for a potential residential or mixed-use development. The property’s strategic location near major transit corridors, educational institutions, and desirable residential areas offers significant potential for redevelopment value creation.
Sale-Leaseback Opportunity: The property could be sold with the current owner as the tenant under a sale-leaseback agreement. This structure ensures a steady income stream during the lease term (3-5 years), providing the buyer with cash flow while planning for future development.
Development Potential: The property is ideally located for a residential or mixed-use development. The parcel offers ample square footage for redevelopment, with potential for a project that aligns with Berkeley’s evolving urban landscape.
Prime Location: 1414 Walnut Street is situated in a highly desirable neighborhood in Berkeley, within walking distance of downtown Berkeley, UC Berkeley, and major transportation options, including BART and bus lines. This location is attractive to residential, retail, and office tenants, ensuring long-term demand for development.
Historic Significance: The building, constructed in 1917, offers a unique architectural style that could lend itself well to an adaptive reuse project. The structure’s historic nature could be preserved or integrated into new development plans, aligning with Berkeley’s commitment to sustainable, mixed-use growth.