$1,100,000 425 Avenue Alhambra El Granada, CA

MLS: ML81652633   Type: Commercial   County: San Mateo   City: El Granada   Area: Lower El Granada   Zip: 94018   Style: Restaurant  

Mortgage $5,164 /mo



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Currently leased to a successful multi-unit restaurant operator with just under six years remaining on the lease. A great opportunity for a 1031 exchange buyer or passive investor looking for an easy to manage property. Approximately $62,000 a year in gross income. 3% annual rent increases. The property has tremendous ocean and harbor views. Strong food service demand from the millions of visitors as well as an affluent local population makes this restaurant property an excellent investment opportunity. Additional details can be provided by the listing broker. Do not disturb tenant.

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Price History

5/22/2017 Listed $1,200,000
12/4/2017 9% - $1,100,000

# of Buildings 1
Accessibility Other
Age 54
City Limits (y/n) Yes
Security Features Other
Zoning Text C-1/S-3/DR/CD

Interior Features

Cooling Central AC
Heating Central Forced Air

Exterior Features

# of Garage Spaces 0
Facilities Front Sign, Kitchen, Refrigeration, Restroom(s), Signage
Foundation Concrete Slab
Meters Master Electric
Parking Features Off-Street Parking
Parking Spaces 15
Roof Flat / Low Pitch
Sewer/Septic Sewer - Public
Water Public

Property Schools

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Gallery (4 photos)

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Property vs Zip Code Avg (94018)

Price 1.10M Avg 1.10M

Sqr Feet 2,118 Avg 2,118

Cost / Sqr Ft $519 Avg $519

Acres 0.26 Avg 0.26

Visits 2 Avg 3

Days on Site 43 Avg 43

Walkscore® 53 Avg 53

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Listing Provided Courtesy Of: Randy Kinghorn with Kinghorn Commercial Properties.

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Location & Address

Sandy Wallace
2603 Camino Ramon Suite 200
San Ramon, CA