2160 Railroad AveLivermore, CA 94550

  • Retail properties
  • 1,560 SF
For Sale
$2,250,000 View listing

Property Details for 2160 Railroad Ave

Year built
1930
Construction
TILT-UP CONCRETE
Lot size
0.06 AC
Property size (Sq ft)
1,560 SF
Property type
Retail properties
Property subtype
Retail space
APN
98-281-6
APU
982816

Description

This exceptional investment opportunity presents a 2,125 square foot free-standing restaurant building located at 2160 Railroad Ave, Livermore, CA 94550. The property, originally constructed in 1800 as a carriage house and extensively renovated in 2017, boasts a charming rustic space with large arched windows and a 700 square foot patio featuring a century-old pink peppercorn tree. Currently 100% occupied by a highly acclaimed Michelin Guide Bib Gourmand restaurant with a 6.5-year lease remaining (expiring 04/29/2031), this single-tenant, net-net lease property offers a strong, stable income stream. The building sits on a 0.06-acre lot and includes a mezzanine level. The property's impressive design and prime location in Livermore's thriving downtown, within the Tri-Valley area and near wine country, contribute to its exceptional appeal. The current Net Operating Income (NOI) is $47,881.60, resulting in a 2.45% cap rate. The asking price is $2,250,000. This presents a rare chance to acquire a high-quality, income-producing asset with significant upside potential due to below-market rent and the tenant's strong reputation and following. The property benefits from a high level of foot traffic in a desirable location with an average daily traffic count of 16,000.

2160 Railroad Ave, Livermore, California

Location Insight

City
Livermore
County
Alameda
State
California
Latitude
37.6835
Longitude
-121.77
CBSA code
41860
CBSA name
SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$8,198
$348,168
$348,168
$696,336
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