Property profile

1508 Park St Alameda, CA 94501

OFF-MARKET
Retail properties & Spaces
4,000 SF
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Property summary

AI-generated overview

This exceptional 4,000-square-foot free-standing retail building is located at 1508 Park Street in the heart of Downtown Alameda, California (94501). Currently fully vacant, this property presents a unique opportunity for a variety of commercial uses. Previously occupied as a restaurant and bar, the space boasts existing infrastructure including a usable bar, kitchen with a large mixer, pizza oven, sinks, and a type 1 hood. The layout features a defined bar area, a dining area, and another large separate dining room, offering flexibility for customization. Situated on a desirable block of Park Street, the property benefits from high visibility and foot traffic. The surrounding area is vibrant, with numerous restaurants, cafes, and shops, creating a thriving commercial environment. Nearby attractions include the Alameda Theatre & Cineplex, the Pacific Pinball Museum, and the Alameda Museum, further enhancing the location's appeal. Alameda County provides a strong economic base and supportive community for businesses. This is a turnkey opportunity for an established business or a new venture seeking a prominent location in a dynamic and desirable area. The property's existing features significantly reduce initial build-out costs, making it an attractive investment.

Property profile

Verified
Property type Retail properties & Spaces
Total area 4,000 SF

Cap rate & NOI

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

Location

1508 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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