39888 Balentine Dr Newark, CA 94560-5365

This exceptional 9,953-square-foot restaurant building sits on a 1.66-acre lot in Newark, CA, offering significant development potential. Currently configured as a fully-equipped restaurant with 30 units and 96 parking spaces, the property boasts a prime corner location with easy access and high visibility. Zoned RC Regional Commercial, it's already entitled for a 132-room hotel, presenting a lucrative opportunity for hotel development, including ballrooms, bar, dining, fitness facilities, and a terrace. Alternatively, owner-users can quickly establish a new concept, or investors can reposition the existing restaurant to enhance income. The high-density zoning allows for mixed-use development, potentially incorporating a shopping center. Strategically located off Stevenson Road/880, near Fremont, this property benefits from high traffic counts and proximity to major employers like Tesla, and airports in Oakland, San Jose, and Palo Alto. The property features 96 parking spaces and is surrounded by hotels, shops, and residential areas. APN: 901-195-10.