1508 Park St Alameda, CA 94501
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.