408-966-5919
228 Castro St, Mountain View, CA for Sale
Bar - FOR SALE
1/19
null | 6.3% Cap Rate

228 Castro St
Mountain View, CA 94041
Downtown Mountain View


HIGHLIGHTS

  • Prime downtown Mountain View location with outstanding pedestrian traffic and visibility.
  • Property can be delivered vacant or fully occupied through a sale-leaseback arrangement.
  • Features include a full commercial kitchen, multiple bar areas, and a versatile upstairs level for additional use.
  • Easily accessible from major highways and within steps of Caltrain and public transit systems.
  • Surrounding area anchored by affluent residential neighborhoods and a strong daytime workforce driven by major tech companies.

OVERVIEW

RARE DOWNTOWN MOUNTAIN VIEW ASSET • ±9,600 SF commercial building on Castro Street in the heart of Downtown Mountain View (9,600 SF per CoStar; 8,943 SF per Public Records). • One of Silicon Valley's premier dining, retail, and entertainment corridors. LARGE FORMAT ENTERTAINMENT VENUE • Large contiguous commercial spaces of this size are rarely available in Downtown Mountain View. • Currently configured as a nightclub, restaurant, and entertainment venue. • Accommodates food, beverage, entertainment, and event operations. OWNER-USER OR INVESTMENT OPPORTUNITY • Can be delivered vacant at closing for an owner-user. • Currently Owner-Occupied by Monte Carlo Nightclub. • Flexible occupancy structure to accommodate a variety of buyer objectives. SELLER LEASEBACK AVAILABLE • Seller willing to lease back at $50,000/month NNN. • Approximately $600,000 annual NOI. • Approximate 6.3% Cap Rate at the asking price. TURNKEY ENTERTAINMENT INFRASTRUCTURE • Full commercial kitchen, multiple bars, VIP seating, and open entertainment areas. • Upgraded lighting and sound infrastructure already in place. • Significant value for entertainment, hospitality, and experiential users. PRIME SILICON VALLEY LOCATION • Walking distance to Caltrain and Downtown Mountain View amenities. • Surrounded by major Silicon Valley employers and high-income demographics. • Commercial properties of this size and location seldom come to market.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

6.3%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

9,600 SF Nightclub Owner User/Investment Opp.

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bar

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1928

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,449 SF

ZONING

P(19)

APN/PARCEL ID

158-13-039

ASK ABOUT THIS PROPERTY

David TaxinMeacham OppenheimerMore Info
408-966-5919

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David TaxinMeacham OppenheimerMore Info
408-966-5919

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