425 Avenue Alhambra

    El Granada, CA 94018
    • $1,200,000
    • STATUS: Active
    • ON SITE: 24 days
    • ID#: ML81753267
    UPDATED: 183 min ago
    $1,200,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1963
    County:

    School Ratings & Info

    Description

    Currently leased to a successful multi-unit restaurant operator with four years remaining on the lease. A great opportunity for a 1031 exchange buyer or passive investor looking for an easy to manage property. Approximately $65,922 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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    © 2019 MLSListings Inc. Based on information from MLSListings MLS as of 2019-06-16T23:48:12.067. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Strock Real Estate.

    Licensed in the State of California.
    www.strockrealestate.com/homes/95137025

    425 Avenue Alhambra El Granada, CA 94018

    • Price: $1,200,000
    • Status: Active
    • Updated: 183 min ago
    • ID#: ML81753267
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1963
    Built
    Neighborhood:
    Lower El Granada
    County:
    San Mateo
    Area:
    Lower El Granada
    Property Description
    Currently leased to a successful multi-unit restaurant operator with four years remaining on the lease. A great opportunity for a 1031 exchange buyer or passive investor looking for an easy to manage property. Approximately $65,922 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.
    Exterior Features

    Foundation Concrete Slab Garage Parking Off-Street Parking Roof BitumenFlat / Low Pitch Sq Ft Yard 0 Stories 1

    Interior Features

    Cooling Central Ac Heating Central Forced Air Sq Ft Warehouse 0 Structure Sq Ft 2118

    Property Features

    Accessibility Features Grab BarsParking Additional Listing Info Not Applicable Business Type Restaurant City Limits No City Name El Granada Facilities Kitchen Incorporated Yes Lot Size Area Maximum 11196.00 Meters Master ElectricMaster GasMaster Water Number Tenants 1 Present Use Retail Restrictions None Security Features None Sewer Septic Sewer - Public Sq Ft Source Other Utilities Individual Electric MetersIndividual Gas Meters Water Individual Water Meter Zoning C-1

    © 2019 MLSListings Inc. All rights reserved. Listing provided courtesy of Randy Kinghorn of Kinghorn Commercial Properties.


    © 2019 MLSListings Inc. Based on information from MLSListings MLS as of 2019-06-16T23:48:12.067. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Strock Real Estate.

    Licensed in the State of California.
     
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