Mixed Use Commercial Property | 405 N San Pedro Rd
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Mixed Use Commercial Property 405 N San Pedro Rd
6,356 SF 41% Leased Retail Building San Rafael, CA 94903 $2,000,000 ($315/SF)
Investment Highlights
- 3 units: a commercial restaurant and 2 residential single family houses
- Income, owner/user or development opportunity
- Restaurant has full liquor license
Executive Summary
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
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
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
6,356 SF
Building Class
C
Year Built
1937
Price
$2,000,000
Price Per SF
$315
Percent Leased
41%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Lot Size
0.51 AC
Zoning
P/OS/WO, San Rafael
Parking
26 Spaces (4.09 Spaces per 1,000 SF Leased)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 180-036-18 | Improvements Assessment | $1,060,192 |
| Land Assessment | $730,931 | Total Assessment | $1,791,123 |
PROPERTY TAXES
Parcel Number
180-036-18
Land Assessment
$730,931
Improvements Assessment
$1,060,192
Total Assessment
$1,791,123
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Mixed Use Commercial Property | 405 N San Pedro Rd
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