405 N San Pedro Rd - Restaurant FOR SALE


San Rafael, CA 94903
$2,000,000 USD
510-450-1405
405 N San Pedro Rd, San Rafael, CA for Sale
$2,000,000 USD
Restaurant - FOR SALE
1/18
null | Request Cap Rate

405 N San Pedro Rd
San Rafael, CA 94903


HIGHLIGHTS

  • 3 units: a commercial restaurant and 2 residential single family houses
  • Restaurant has full liquor license
  • Income, owner/user or development opportunity

OVERVIEW

Located within the Marin County jurisdiction, Santa Venetia neighborhood, also 2 Mabry Way and 8 Mabry Way. One mile from the Marin County Civic Center and 101 Freeway. Tremendous and unprecedented opportunity for a restaurateur or investor! For over 50 years the home of the renowned Le Chalet Basque restaurant. Currently in operation and fully equipped. Seating for 179 people, including a wonderful outdoor patio area. Full bar with liquor license available under separate agreement. Two large indoor seating areas allow for private parties and business meetings. Business operators will benefit from 26 off-street parking spaces with ample on-street parking as well. Additional office/storage building serves the restaurant. Two 4-bedroom, 2-bath houses with monthly rental income of ±$7,500. Available 10% down SBA financing potentially to include the cost of repositioning the current restaurant theme. Outstanding location for brew pub scene, pizza, Mexican and many other concepts. Occupancy costs for restaurant will be very low after factoring in the income from the two residential rental properties. Square footage breakdown is as follows: Main Restaurant: +/- 2,426 SF Restaurant Storage/Office Building: +/- 1,349 SF 2 Mabry Way: +/- 1,488 SF 8 Mabry Way: +/- 1,093 SF Total: +/- 6,356 SF

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$315 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Mixed Use Commercial Property

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1937

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,216 SF

ZONING

P/OS/WO, San Rafael

APN/PARCEL ID

180-036-18

ASK ABOUT THIS PROPERTY

Francis GriffinMRE Commercial Real EstateMore Info
510-450-1405

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

Francis GriffinMRE Commercial Real EstateMore Info
510-450-1405

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