Property profile

1506 Park St Alameda, CA 94501

OFF-MARKET
Retail properties & Spaces
6,250 SF
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Property summary

AI-generated overview

This exceptional 6,250 square foot free-standing retail building, located on Park Street in Alameda County, presents a unique investment opportunity. Currently featuring multiple tenants, 2,250 square feet of space is immediately available. The building boasts a highly desirable location within a vibrant commercial district, surrounded by a diverse mix of restaurants, cafes, and boutiques. The Alameda Theatre & Cineplex is nearby, providing ample entertainment options, while nearby parks and waterfront access cater to a broad demographic. This turnkey, second-generation restaurant space is fully equipped with a type 1 hood, ample sinks, and a substantial food preparation area. The versatile layout allows for flexible seating and service configurations, making it suitable for a variety of culinary concepts. The high-visibility storefront ensures prominent street presence, maximizing exposure to potential customers. Modern amenities and infrastructure are in place, complemented by a spacious and open floor plan. The property also includes a valuable outdoor patio and a gated lot in the rear, offering additional space and security. This prime location combines urban convenience with a relaxed coastal atmosphere, creating an ideal environment for a thriving business. The property's strong existing tenancy and available space make it an attractive proposition for both established businesses and new ventures seeking a prominent Alameda location.

Property profile

Verified
Property type Retail properties & Spaces
Total area 6,250 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Restaurant

Location

1506 Park St Alameda, CA 94501
Alameda metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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