39888 Balentine DrNewark, CA 94560

Property Details for 39888 Balentine Dr

Year built

1986

Construction

WOOD

Lot size

1.66 AC

Property size (Sq ft)

9,953 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

901-195-10

APU

90119510

Description

This exceptional 9,953-square-foot restaurant building sits on a 1.66-acre lot in Newark, CA, offering significant development potential. Currently configured as a fully-equipped restaurant with 30 units and 96 parking spaces, the property boasts a prime corner location with easy access and high visibility. Zoned RC Regional Commercial, it's already entitled for a 132-room hotel, presenting a lucrative opportunity for hotel development, including ballrooms, bar, dining, fitness facilities, and a terrace. Alternatively, owner-users can quickly establish a new concept, or investors can reposition the existing restaurant to enhance income. The high-density zoning allows for mixed-use development, potentially incorporating a shopping center. Strategically located off Stevenson Road/880, near Fremont, this property benefits from high traffic counts and proximity to major employers like Tesla, and airports in Oakland, San Jose, and Palo Alto. The property features 96 parking spaces and is surrounded by hotels, shops, and residential areas. APN: 901-195-10.

• CAP approach

  CAP return

  Valuation

  6%

  $5,615,045

  6.5%

  $5,183,118

  7%

  $4,812,896

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,995,498

  Geo Method

  $6,995,498

• Alternative Use

  Use

  Valuation

  Residential

  $4,372,154

  Hospitality

  $4,004,870

  Educational

  $3,332,005

  Medical

  $3,446,598

  Retail

  $5,183,118

Location Insight

City

Newark

County

Alameda

State

California

Latitude

37.5224

Longitude

-121.993

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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