About This Restaurant
Investment Highlights
Iconic Century Old Restaurant Office Building (w/ potential for residential or retail conversion) Beautiful Bar and Dining Area Private Parking Lot Outdoor Patio Large Kitchen
Executive Summary
This sale includes three adjacent parcels with two separate buildings (restaurant/parking lot/expansion building).Restaurant:? 100+ year old historic restaurant/bar? Beautifully renovated in recent years and currently operating? Classic high-end permitted bar with 12 stools and rear storage? Gorgeous indoor seating area with 26 tables, wood finishes, and exquisite old charm? Large functional kitchen with 17x5ft hood, dishwashing stations, and walk-in? Two bathrooms in dining area and two bathrooms in kitchen area? Large, lovely outdoor patio build around old growth redwood tree? Can be delivered vacant for new owner/operator? Restaurant business and assets are NOT included in the sale? Upgrades will be required by Alameda County Health Department for new operator. Inquire with Broker for details.Expansion Building:? Well maintained structure is great opportunity for new retail/office/food use? Can be additional space for current restaurant, or operated as separate business? Has multiple entries allowing for possibility of separate upstairs and downstairs units? Currently used as office and storage? Current improvements are unpermitted?Inquire with Broker for detailsParking / Future Development:? Sale includes large parking lot between two buildings? Can be used for parking, storage, or expanded into additional outdoor restaurant/bar space? Potential for new development, zoning (MUR) allows for commercial and multi-residential uses
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Fast Food Fast Food General Retail Freestanding General Retail Restaurant General Retail Supermarket Fast Food
- Building Size 72
- Year Built/Renovated 1980/2022
- Price 2,121,000
- Price Per SF 29,458
- Cap Rate 6
- NOI 127,260
- Percent Leased 100
- Tenancy Multiple
- Building Height 1 Story
- Land Acres 0.47 AC
| Date Created: | 2024-07-16 04:09:23 | Last Updated: | 2024-07-16 04:09:23 |
| Address: | Iconic Restaurant Property, Emeryville, California, | ||