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Restaurant & Office Building

For Sale - NEW PRICE REDUCTION


Property Address:
807-809 Grant Ave.
Novato, CA 94945
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Property Information

Description:
This historical building fronts Grant Avenue in downtown Novato. The building was rebuilt from the ground up in 2005. The ground floor (2,868 +/- sq. ft.) is the former Left Coast Depot Restaurant, and seats 110-120 inside, with rear patio seating for an additional 16-20 patrons. The rear door provides access to a City parking lot. The second floor (1,634 +/- sq. ft.) is a two-suite office with a bathroom, kitchenette and a usable deck. There are operable windows and good natural light. There is 206 +/- sq. ft. of common area. This building is located in the core of Old Town Novato. High foot traffic. Ideally located close to restaurants, shops, businesses and in the next block is Whole Foods Market and Millworks, a 117-unit upscale townhouse and apartment project.

Property Type: Retail
Asking Price: $1,795,000
Price/ Sq.Ft: $381.00
Price/Unit: N/A

Building Square Feet: 4,708
Land Square Feet: 3,500
CAP Rate: 4.80%
Units: n/a
Gross Multiplier: n/a

Agent Information

HL Commercial Real Estate - Peter Gettner (415-269-3622) (peter@hlcre.com)


ID: 1999