1501 Solano Ave - Restaurant FOR SALE


Albany, CA 94707
$2,700,000 USD
510-450-1420
1501 Solano Ave, Albany, CA for Sale
$2,700,000 USD
Restaurant - FOR SALE
1/42
null | 6.66% Cap Rate

1501 Solano Ave
Albany, CA 94707


OVERVIEW

FULLY-LEASED AND WELL-MAINTAINED INVESTMENT RETAIL PROPERTY ON SOLANO AVENUE Two units (Restaurant + Retail), Off-Street Loading/Parking, and Additional Storage Tenants — Anahuac Cocina Mexicana: An experienced and much-loved Mexican taqueria operator in the area chose this location for its new elevated cuisine and cocktail concept. They will begin a 7-year lease in October 2025 after completing substantial tenant improvements. Occupies ±2,828 SF. The Dance Floor: A successful operator in this location already, The Dance Floor renewed its lease last year for an additional five years. A beloved local studio offering all kinds of movement classes to the community. Occupies ±2,501 SF. Close of Escrow shall occur January 1, 2026. 6.9% projected CAP rate beginning October 1, 2026 with 3% annual increases in rents.

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$507 USD /SF

CAP RATE

6.66%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

100% Leased Investment Property on Solano Ave

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1924

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,329 SF

ZONING

-

APN/PARCEL ID

067-2848-017-00

ASK ABOUT THIS PROPERTY

Colby KatzMRE Commercial Real EstateMore Info
510-450-1420

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Colby KatzMRE Commercial Real EstateMore Info
510-450-1420

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.