39888 Balentine Dr - Restaurant FOR SALE


Newark, CA 94560
$5,300,000 USD
408-966-5919
39888 Balentine Dr, Newark, CA for Sale
$5,300,000 USD
Restaurant - FOR SALE
1/21
null | Request Cap Rate

NEW


39888 Balentine Dr
Newark, CA 94560


HIGHLIGHTS

  • Rare Owner User Opportunity - 9,953 SF Vacant Restaurant For Sale on Large 1.66 Acre Parcel
  • Former Nijo Castle Japanese Teppanyaki Grill Restaurant
  • Located on the Corner of Balentine Dr & Mowry School Rd - Directly off Stevenson Blvd & Interstate 880
  • 0.4 Miles from the Newpark Mall which Includes National Retailers such as Costco Wholesale, AMC Newpark 12, H&M, and Many More
  • Seller has Entitled the Property for 132 Room - 75,704 Square Foot AC Marriott Hotel
  • Regional Commercial Zoning & General Plan Designations

OVERVIEW

- Rare Owner User Opportunity: 9,953 SF Vacant Restaurant For Sale on Large 1.66 Acre Parcel. - Former Nijo Castle Japanese Teppanyaki Grill Restaurant. - Located on the corner of Balentine Dr & Mowry School Rd , directly off Stevenson Blvd & Interstate 880. - Rare large scall restaurant/banquet facility opportunity. - 0.4 Miles from the Newpark Mall which includes national retailers such as Costco Wholesale, AMC Newpark 12, H&M, and many more. - Great signage & exposure on the hard corner, the property is next to Chuck E. Cheese, Fremont Mazda, Fremont Ford, Kia of Fremont, Winn Volkswagen, Double Tree by Hilton, Hyatt Place. - Seller has entitled the property for 132 room, 75,704 square foot AC Marriott hotel. - Regional Commercial Zoning & General Plan Designations. - RC regional commercial. This district is intended to support the large-scale shopping facilities. It includes a broad array of goods and services, including department stores, retail shops, restaurants, entertainment facilities, and similar uses which draw patrons from throughout Newark and the surrounding region. Uses such as hotels and corporate office buildings are acceptable. Housing at densities greater than thirty units per acre may be included if such housing is a component of a planned development which is primarily oriented around regional retail uses. This district implements the regional commercial general plan land use designation.

FOR SALE DETAILS

PRICE

$5,300,000 USD

PRICE/SF

$533 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

9,953 SF Restaurant For Sale on 1.66 AC

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.66 AC

LAND SF

72,310 SF

ZONING

RC

APN/PARCEL ID

901-0195-010-00

ASK ABOUT THIS PROPERTY

David TaxinMeacham OppenheimerMore Info
408-966-5919

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David TaxinMeacham OppenheimerMore Info
408-966-5919

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