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Property profile & analytics
FOR LEASE
Turn key restaurants

2470 1St St Livermore, CA 94550

26,335 SF 0.28 ac lot Built 2007
Individually Owned 21-yr Hold ~ Est. High Equity
Property ID
US09-8327336
Property summary
AI-generated overview

This exceptional 3,400 square foot restaurant space is available for lease in the vibrant downtown Livermore area, located at 2470 First Street, Livermore, CA 94550. The property is a single-tenant retail space, perfectly suited for a variety of culinary concepts. With its ample 3,400 square feet of vacant space, the property offers significant potential for a restaurant operator seeking a prominent location in a thriving community. The building's size allows for a spacious dining area, a fully equipped kitchen, and potentially additional features such as a bar or outdoor seating area (subject to permitting). Situated in Alameda County, this location benefits from excellent visibility and accessibility, attracting a high volume of foot traffic and vehicular access. The property presents a unique opportunity for a restaurant to establish itself in a desirable and well-established downtown setting. The address is easily identifiable and conveniently located within the heart of Livermore's commercial district. This is an ideal opportunity for a restaurant seeking a high-profile location with significant potential for growth and success. The entire space is currently vacant, providing a blank canvas for a new tenant to customize the layout and design to their specific needs and vision. Interested parties are encouraged to inquire further to explore the possibilities of this exceptional restaurant space.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2007
Construction TILT-UP CONCRETE
Total area 26,335 SF
Lot 0.28 ac (12,281 SF)
APN 98-407-24
UPID US09-8327336
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Mike Mansoori - CMG Home Loans Mortgage Loan Officer NMLS# 1852075 Loan Service Bank
  • Cherryll Comendador - CMG Financial Mortgage Loan Officer NMLS# 1505961 Loan Service Bank
  • Patxi's Pizza Restaurant
  • Mike Mansoori - CMG Financial Mortgage Loan Officer NMLS# 1852075 Loan Service Bank
  • Self Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.24M
Owner & transaction history
Bear 2 Maroon · 21 yrs held
Bear 2 Maroon
since 2005
3 recorded transactions
2017
Price N/A
2005
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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