700-712 Main St - Storefront Retail/Office FOR SALE


Martinez, CA 94553- Outer Richmond/Martinez
$2,925,000 USD
925-974-0237
700-712 Main St, Martinez, CA for Sale
$2,925,000 USD
Storefront Retail/Office - FOR SALE
1/2
null | 5.33% Cap Rate

700-712 Main St
Martinez, CA 94553
Outer Richmond/Martinez


HIGHLIGHTS

  • Attractive historical building in the heart of downtown Martinez
  • High quality “anchor” tenant in Starbucks
  • Potential ability to convert second floor to residential
  • Flexible owner user opportunity with ability to occupy all or of the 2nd floor
  • Welcoming creek-side setting with ample outdoor seating

OVERVIEW

An approximately 12,191 square foot, 2 story, mixed-use building in downtown Martinez, California. Originally constructed in 1915 as an apartment building, the ground floor is leased to three tenants on triple net leases (Starbucks, Rob’s Zombies, and Rehabilitation and Employment Services), while the second-floor office space is occupied by office tenants on shorter term leases. The City Hall building presents buyers with the flexibility to A) occupy all or a portion of the second floor B) retain the current tenants and hold the Property as an investment or C) potentially convert the second floor back to multi-family residential.

FOR SALE DETAILS

PRICE

$2,925,000 USD

PRICE/SF

$240 USD /SF

CAP RATE

5.33%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Downtown Martinez Retail/Office w/ Starbucks

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1915

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

CC

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Forrest GherloneNewmarkMore Info
925-974-0237

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Forrest GherloneNewmarkMore Info
925-974-0237

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