360-368 Castro St - Restaurant FOR SALE


Mountain View, CA 94041- Downtown Mountain View
$6,180,000 USD
415-810-1771
360-368 Castro St, Mountain View, CA for Sale
$6,180,000 USD
Restaurant - FOR SALE
1/15
null | 5% Cap Rate

360-368 Castro St
Mountain View, CA 94041
Downtown Mountain View


HIGHLIGHTS

  • Blank Slate 7,123sf building on a sizable 11,250sf lot in the heart of downtown, ready to be molded into whatever you want it to be.
  • Rare Opportunity with the combination of location, outdoor space, and redevelopment potential makes this a rare offering in a competitive market.
  • Owner Users/Entrepreneurs or businesses looking to establish a presence in a high-traffic, affluent area.
  • Ideal for Investors seeking long-term capital appreciation and strong rental income potential.
  • Developers' Opportunities for mixed-use redevelopment to maximize the property’s value.
  • High Demand Retail and Dining scene is thriving, with Castro Street being a popular destination for locals and visitors alike.

OVERVIEW

The property at 360-368 Castro Street in Mountain View, California, presents a highly desirable investment opportunity due to its prime location, strong market fundamentals, and potential for value appreciation. The property is a prime asset in one of the most desirable markets in the Bay Area. Its exceptional location, flexible usage options, and strong local demographics make it an excellent opportunity for investors, owner/users, and developers alike. Whether for immediate use or long-term redevelopment, this property is well-positioned to capitalize on the dynamic growth of Mountain View and Silicon Valley. The property has 3 units including 2 Restaurants & 1 Retail previously used as a Hair Salon. Features: Prime Location on Castro Street: Adjacent to a multi-story parking garage, offering convenience for customers and employees. Situated in the heart of Mountain View, a vibrant and affluent community known for its high-quality retail and dining options. Strong Market Fundamentals: Retail lease rates in the area are among the highest in the Bay Area, reflecting the desirability of the market. Mountain View is a hub for tech companies and professionals, ensuring a steady flow of foot traffic and demand for retail and dining. Ample Outdoor Space: The property offers outdoor space, which is highly sought after for dining, retail, or mixed-use development. Excellent Connectivity: Easy access to major highways (Highway 101 & 85) and public transportation, ensuring seamless connectivity to Silicon Valley and beyond. Flexible Usage Potential: The property offers owner/user flexibility, making it suitable for a variety of uses, including retail, dining, or mixed-use redevelopment. Potential for redevelopment into a mixed-use property, combining retail, office, or residential spaces. Value Appreciation: Significant potential for long-term capital appreciation due to the property’s location in a high-demand market.

FOR SALE DETAILS

PRICE

$6,180,000 USD

PRICE/SF

$868 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

C3DRP, Mountain View

APN/PARCEL ID

158-12-055

ASK ABOUT THIS PROPERTY

Ivan LeungCompass Commercial BrokerageMore Info
415-810-1771

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Ivan LeungCompass Commercial BrokerageMore Info
415-810-1771

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