1501 Solano Ave - Restaurant FOR SALE


Albany, CA 94707
$2,700,000 USD
510-450-1420
1501 Solano Ave, Albany, CA for Sale
$2,700,000 USD
Restaurant - FOR SALE
1/47
null | Request Cap Rate

1501 Solano Ave
Albany, CA 94707


HIGHLIGHTS

  • High-Profile Corner location across from Safeway at middle of vibrant Solano Ave
  • 2-unit building consisting of a restaurant space and a retail/fitness space
  • Units can be delivered 100% leased for investors or partially leased for restaurateur owner/users

OVERVIEW

Property Highlights: - High-Profile Corner location across from Safeway at middle of vibrant Solano Ave. - 2-unit building consisting of a restaurant space and a retail/fitness space (units canbe reconfigured to various sizes). - Units can be delivered 100% leased for investors or partially leased for restaurateur owner/users - Property includes off-street parking and unattached storage building. - Building has been seismically retrofitted per City of Albany 1998 requirements. Restaurant Highlights: - Features large bar and demonstration kitchen with counter seating. - Large windows give fantastic natural light throughout the space. - Additional seating, prep and storage in mezzanine. - Extra storage in rear building. - High ceilings with a brick, steel, and natural wood aesthetic. - Two bathrooms with waiting vestibule. - Kitchen is fully equipped with Type 1 Hood and walk-in refrigeration. - Heating and air conditioning. - Eligible for owner-occupied SBA Loan. - FF&Esand Type 47 liquor license are not included, but available by separate purchase. - Current tenant may be willing to sign short-term lease with new buyer. - ±2,828 SF Fitness Highlights: - Large open concept with high ceilings, perfect for dance and fitness classes. - Skylights bring natural light throughout the space. - Separate fitness or office/meeting space in mezzanine - High ceilings with a brick, steel, and natural wood aesthetic. - Large in-unit bathroom. - Heating and air conditioning. - Leased to “The Dance Floor” to July 31, 2029. (Inquire with Broker.) - ±2,501 SF

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$507 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1924

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,852 SF

ZONING

-

APN/PARCEL ID

067-2848-017-00

ASK ABOUT THIS PROPERTY

Colby KatzMRE Commercial Real EstateMore Info
510-450-1420

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Colby KatzMRE Commercial Real EstateMore Info
510-450-1420

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