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2017 Palmetto Ave 2,200 SF Retail Building Pacifica, CA 94044 $1,650,000 ($750/SF)


Executive Summary
Well, it is official, it is time to pass the torch. Family owned property for 25 years and has been owner operated for the last 7 years. This fun and cozy little beer joint could use catching up on the deferred maintenance but can be a real money producer for a dedicated person who wants to put in the time.
Here is what to know: I love it here but, now in the middle of my 50s, I do not have the ability to juggle as many chainsaws as I used to. I love cooking and have loved sharing hospitality with the community and tourists alike. I have been working on a new hospitality property on the Oregon Coast and it is time to make the transition.
This property is in the heart of Pacifica's tourism focus and features the annual Fog Fest. The business currently has a license to brew beer that is not being used so if you want to be in the beer brewing business, it is ready to go sans equipment. The business and most equipment comes with the purchase (most of the nautical and vintage beer decoration are personal and are not part of the sale). There is a tenant renting parking lot space to show tiny homes which brings in a few extra bucks. Monthly sales are reflecting an owner who is not able to put the time in there these days. People love the pizza, bbq, and beer that has been served regularly since September 2019.
The property could use some love but is a great canvas to invest in the future of Pacifica with an ideal future use and development being a combination of residential and commercial. This is not a fire sale and I have another property being listed in case I do not get offers I am willing to take on this one. Interested parties are welcome to contact me and I am willing to entertain reasonable discussions with persons who can prove to be qualified buyers. I am willing to keep some of the equipment and take a few bucks off the deal. Please do not call with all the reasons you think the property is run down and needs to be deeply discounted. Please do not call telling me how much better I will do if I list the property with you. Please do not come in and expect to tour the place without an appointment.
Here is what to know: I love it here but, now in the middle of my 50s, I do not have the ability to juggle as many chainsaws as I used to. I love cooking and have loved sharing hospitality with the community and tourists alike. I have been working on a new hospitality property on the Oregon Coast and it is time to make the transition.
This property is in the heart of Pacifica's tourism focus and features the annual Fog Fest. The business currently has a license to brew beer that is not being used so if you want to be in the beer brewing business, it is ready to go sans equipment. The business and most equipment comes with the purchase (most of the nautical and vintage beer decoration are personal and are not part of the sale). There is a tenant renting parking lot space to show tiny homes which brings in a few extra bucks. Monthly sales are reflecting an owner who is not able to put the time in there these days. People love the pizza, bbq, and beer that has been served regularly since September 2019.
The property could use some love but is a great canvas to invest in the future of Pacifica with an ideal future use and development being a combination of residential and commercial. This is not a fire sale and I have another property being listed in case I do not get offers I am willing to take on this one. Interested parties are welcome to contact me and I am willing to entertain reasonable discussions with persons who can prove to be qualified buyers. I am willing to keep some of the equipment and take a few bucks off the deal. Please do not call with all the reasons you think the property is run down and needs to be deeply discounted. Please do not call telling me how much better I will do if I list the property with you. Please do not come in and expect to tour the place without an appointment.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,200 SF
Building Class
C
Year Built
1969
Price
$1,650,000
Price Per SF
$750
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
0.19 AC
Zoning
C10000 - Commercial Visitor Serving
Parking
12 Spaces (5.45 Spaces per 1,000 SF Leased)
Frontage
97’ on Palmetto Ave
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- 1 Taste LLC
- Public Administration
- -
- -
- -
- Seahorse Brewing Compa
- Accommodation and Food Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| 1 Taste LLC | Public Administration | - | - | - | ||
| Seahorse Brewing Compa | Accommodation and Food Services | - | - | - |
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 016-191-320 | Improvements Assessment | $397,255 |
| Land Assessment | $508,768 | Total Assessment | $906,023 |
Property Taxes
Parcel Number
016-191-320
Land Assessment
$508,768
Improvements Assessment
$397,255
Total Assessment
$906,023
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Presented by
Law Offices Scott Frazier
2017 Palmetto Ave
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