Property profile

37396-37400 Niles Blvd Fremont, CA 94536

OFF-MARKET
Retail properties & Spaces
2,550 SF Built 1924
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Property summary

AI-generated overview

This exceptional redevelopment opportunity presents a vacant 2,550 square foot restaurant space located at 37396-37400 Niles Boulevard in Fremont, California. Built in 1924, this property boasts a prime location in Downtown Niles, one of Fremont's five vibrant districts. The site is situated adjacent to the historic Niles Train Depot and across from the Essanay Film Museum, offering unparalleled visibility and access to a thriving community. Architectural drawings are available for a potential redevelopment or renovation project, originally designed for a restaurant with an approximately 860 square foot patio. The property's unique setting provides sweeping views of the Vargas Plateau and the hills of Dry Creek Pioneer Park. This is an ideal location for a variety of uses, including food service establishments, non-food retail, or residential conversion, subject to city approvals. The asking price for this remarkable property is $1,800,000. This presents a rare chance to acquire a piece of Fremont's rich history and create a thriving business in a highly desirable location. The property is currently vacant, allowing for immediate development. Alameda County location and 94536 zip code.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1924
Total area 2,550 SF

Cap rate & NOI

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

Location

37396-37400 Niles Blvd Fremont, CA 94536
Fremont 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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