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Highlights

  • Fully equipped second-generation restaurant and bar space with operational infrastructure.
  • Back gated lot allows for convenient deliveries and potential tenant parking.
  • Excellent accessibility to Downtown Alameda neighborhoods and major East Bay thoroughfares.
  • Includes a large kitchen with premium equipment such as a type 1 hood, mixer, and pizza oven.
  • High-visibility location on Park Street amid a vibrant mix of retail, dining, and entertainment.

Space Availability (1)

Display Rental Rate as

  • Space
  • Size
  • Term
  • Rental Rate
  • Rent Type
  • 1st Floor, Ste 1
  • 1,750-4,000 SF
  • Negotiable
  • Upon Request Upon Request Upon Request Upon Request
  • Triple Net (NNN)
Space Use
Retail
Build-Out
Full Build-Out
Availability
Now

1508 Park Street, a rare second-generation restaurant and bar opportunity located in the heart of Downtown Alameda's vibrant Park Street retail corridor. This approximately 4,250-square-foot restaurant space that can be demised to 1,750 SF or 2,500 SF. The space is fully equiped with substantial existing infrastructure, providing operators the opportunity to significantly reduce startup costs and accelerate opening timelines. The property features a fully built-out bar, expansive dining areas, commercial kitchen, Type I hood system, walk-in refrigeration, and both indoor and outdoor customer seating opportunities. Positioned among Alameda's most active restaurants, retailers, and neighborhood amenities, the location benefits from strong pedestrian activity, affluent demographics, and a loyal local customer base. The flexible floorplan accommodates a variety of concepts including full-service restaurants, boba, cafe, cocktail lounges, breweries, wine bars, event venues, entertainment concepts, and hospitality-driven retail uses.

  • Lease rate does not include utilities, property expenses or building services
  • Fully Built-Out as Standard Retail Space
  • Located in-line with other retail
  • Restaurant, cafe, quick service, bar, sports bar
  • Kitchen restaurant infrastructure and equipment
  • Type 1 hood
  • Fully built out space w/ multiple bathrooms
  • back lot w/ walk in fridge and 1-2 parking spaces
  • can be demised from 1,750 sf to 2,500 sf
Space Size Term Rental Rate Rent Type
1st Floor, Ste 1 1,750-4,000 SF Negotiable Upon Request Upon Request Upon Request Upon Request Triple Net (NNN)

1st Floor, Ste 1

Size
1,750-4,000 SF
Term
Negotiable
Rental Rate
Upon Request Upon Request Upon Request Upon Request
Rent Type
Triple Net (NNN)
Space Use
Retail
Build-Out
Full Build-Out
Availability
Now

1508 Park Street, a rare second-generation restaurant and bar opportunity located in the heart of Downtown Alameda's vibrant Park Street retail corridor. This approximately 4,250-square-foot restaurant space that can be demised to 1,750 SF or 2,500 SF. The space is fully equiped with substantial existing infrastructure, providing operators the opportunity to significantly reduce startup costs and accelerate opening timelines. The property features a fully built-out bar, expansive dining areas, commercial kitchen, Type I hood system, walk-in refrigeration, and both indoor and outdoor customer seating opportunities. Positioned among Alameda's most active restaurants, retailers, and neighborhood amenities, the location benefits from strong pedestrian activity, affluent demographics, and a loyal local customer base. The flexible floorplan accommodates a variety of concepts including full-service restaurants, boba, cafe, cocktail lounges, breweries, wine bars, event venues, entertainment concepts, and hospitality-driven retail uses.

  • Lease rate does not include utilities, property expenses or building services
  • Fully Built-Out as Standard Retail Space
  • Located in-line with other retail
  • Restaurant, cafe, quick service, bar, sports bar
  • Kitchen restaurant infrastructure and equipment
  • Type 1 hood
  • Fully built out space w/ multiple bathrooms
  • back lot w/ walk in fridge and 1-2 parking spaces
  • can be demised from 1,750 sf to 2,500 sf

Rent Types


The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.

1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.

2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.

3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.

4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.

5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.

6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.

7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.

Property Facts

Total Space Available 4,000 SF
Min. Divisible 1,750 SF
Property Type Retail
Property Subtype Storefront Retail/Office
Gross Leasable Area 9,480 SF
Year Built 1920

About the Property

The subject property is located on Park Street in Downtown Alameda, an area recognized for its concentration of commercial businesses, restaurants, and entertainment venues. The property is a storefront retail/office building constructed in 1920 with a gross leasable area of approximately 9,480 square feet. Its location offers access to surrounding neighborhoods and is supported by nearby arterial roads and regional transportation routes connecting to Oakland and adjacent East Bay communities.

  • Restaurant
Very walkable
80/100
Exceptionally drivable
100/100
Good public transit
70/100
Moderately bikeable
70/100

Nearby Major Retailers

Jazzercise
Starbucks
Fifth Third Bank
U.S. Bank
Citi
Bank of America
Krystal
Hummus Republic
Club Pilates
Peet's Coffee
  • Listing ID: 40852517

  • Date on Market: 6/9/2026

  • Last Updated:

  • Address: 1506-1512 Park St, Alameda, CA 94501

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