1501 Solano Ave
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1501 Solano Ave
5,329 SF 47% Leased Retail Building Albany, CA 94707 $2,820,000 ($529/SF)
Investment Highlights
- High-Profile Corner location across from Safeway at middle of vibrant Solano Ave
- Units can be delivered 100% leased for investors or partially leased for restaurateur owner/users
- 2-unit building consisting of a restaurant space and a retail/fitness space
Executive Summary
Property Highlights:
- High-Profile Corner location across from Safeway at middle of vibrant Solano Ave.
- 2-unit building consisting of a restaurant space and a retail/fitness space (units canbe reconfigured to various sizes).
- Units can be delivered 100% leased for investors or partially leased for restaurateur owner/users
- Property includes off-street parking and unattached storage building.
- Building has been seismically retrofitted per City of Albany 1998 requirements.
Restaurant Highlights:
- Features large bar and demonstration kitchen with counter seating.
- Large windows give fantastic natural light throughout the space.
- Additional seating, prep and storage in mezzanine.
- Extra storage in rear building.
- High ceilings with a brick, steel, and natural wood aesthetic.
- Two bathrooms with waiting vestibule.
- Kitchen is fully equipped with Type 1 Hood and walk-in refrigeration.
- Heating and air conditioning.
- Eligible for owner-occupied SBA Loan.
- FF&Esand Type 47 liquor license are not included, but available by separate purchase.
- Current tenant may be willing to sign short-term lease with new buyer.
- ±2,828 SF
Fitness Highlights:
- Large open concept with high ceilings, perfect for dance and fitness classes.
- Skylights bring natural light throughout the space.
- Separate fitness or office/meeting space in mezzanine
- High ceilings with a brick, steel, and natural wood aesthetic.
- Large in-unit bathroom.
- Heating and air conditioning.
- Leased to “The Dance Floor” to July 31, 2029. (Inquire with Broker.)
- ±2,501 SF
- High-Profile Corner location across from Safeway at middle of vibrant Solano Ave.
- 2-unit building consisting of a restaurant space and a retail/fitness space (units canbe reconfigured to various sizes).
- Units can be delivered 100% leased for investors or partially leased for restaurateur owner/users
- Property includes off-street parking and unattached storage building.
- Building has been seismically retrofitted per City of Albany 1998 requirements.
Restaurant Highlights:
- Features large bar and demonstration kitchen with counter seating.
- Large windows give fantastic natural light throughout the space.
- Additional seating, prep and storage in mezzanine.
- Extra storage in rear building.
- High ceilings with a brick, steel, and natural wood aesthetic.
- Two bathrooms with waiting vestibule.
- Kitchen is fully equipped with Type 1 Hood and walk-in refrigeration.
- Heating and air conditioning.
- Eligible for owner-occupied SBA Loan.
- FF&Esand Type 47 liquor license are not included, but available by separate purchase.
- Current tenant may be willing to sign short-term lease with new buyer.
- ±2,828 SF
Fitness Highlights:
- Large open concept with high ceilings, perfect for dance and fitness classes.
- Skylights bring natural light throughout the space.
- Separate fitness or office/meeting space in mezzanine
- High ceilings with a brick, steel, and natural wood aesthetic.
- Large in-unit bathroom.
- Heating and air conditioning.
- Leased to “The Dance Floor” to July 31, 2029. (Inquire with Broker.)
- ±2,501 SF
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,329 SF
Building Class
B
Year Built
1924
Price
$2,820,000
Price Per SF
$529
Percent Leased
47%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.10
Lot Size
0.11 AC
Frontage
49 FT on Solano Ave
Walk Score ®
Walker's Paradise (95)
Bike Score ®
Biker's Paradise (91)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 067-2848-017-00 | Improvements Assessment | $1,714,280 |
| Land Assessment | $881,285 | Total Assessment | $2,644,305 |
PROPERTY TAXES
Parcel Number
067-2848-017-00
Land Assessment
$881,285
Improvements Assessment
$1,714,280
Total Assessment
$2,644,305
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1501 Solano Ave
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