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228 Castro St
Mountain View, CA 94041
9,600 SF Nightclub Owner User/Investment Opp. · Retail Property For Sale
Investment Highlights
- Prime downtown Mountain View location with outstanding pedestrian traffic and visibility.
- Features include a full commercial kitchen, multiple bar areas, and a versatile upstairs level for additional use.
- Surrounding area anchored by affluent residential neighborhoods and a strong daytime workforce driven by major tech companies.
- Property can be delivered vacant or fully occupied through a sale-leaseback arrangement.
- Easily accessible from major highways and within steps of Caltrain and public transit systems.
Executive Summary
RARE DOWNTOWN MOUNTAIN VIEW ASSET
• ±9,600 SF commercial building on Castro Street in the heart of Downtown Mountain View (9,600 SF per CoStar; 8,943 SF per Public Records).
• One of Silicon Valley's premier dining, retail, and entertainment corridors.
LARGE FORMAT ENTERTAINMENT VENUE
• Large contiguous commercial spaces of this size are rarely available in Downtown Mountain View.
• Currently configured as a nightclub, restaurant, and entertainment venue.
• Accommodates food, beverage, entertainment, and event operations.
OWNER-USER OR INVESTMENT OPPORTUNITY
• Can be delivered vacant at closing for an owner-user.
• Currently Owner-Occupied by Monte Carlo Nightclub.
• Flexible occupancy structure to accommodate a variety of buyer objectives.
SELLER LEASEBACK AVAILABLE
• Seller willing to lease back at $50,000/month NNN.
• Approximately $600,000 annual NOI.
• Approximate 6.3% Cap Rate at the asking price.
TURNKEY ENTERTAINMENT INFRASTRUCTURE
• Full commercial kitchen, multiple bars, VIP seating, and open entertainment areas.
• Upgraded lighting and sound infrastructure already in place.
• Significant value for entertainment, hospitality, and experiential users.
PRIME SILICON VALLEY LOCATION
• Walking distance to Caltrain and Downtown Mountain View amenities.
• Surrounded by major Silicon Valley employers and high-income demographics.
• Commercial properties of this size and location seldom come to market.
• ±9,600 SF commercial building on Castro Street in the heart of Downtown Mountain View (9,600 SF per CoStar; 8,943 SF per Public Records).
• One of Silicon Valley's premier dining, retail, and entertainment corridors.
LARGE FORMAT ENTERTAINMENT VENUE
• Large contiguous commercial spaces of this size are rarely available in Downtown Mountain View.
• Currently configured as a nightclub, restaurant, and entertainment venue.
• Accommodates food, beverage, entertainment, and event operations.
OWNER-USER OR INVESTMENT OPPORTUNITY
• Can be delivered vacant at closing for an owner-user.
• Currently Owner-Occupied by Monte Carlo Nightclub.
• Flexible occupancy structure to accommodate a variety of buyer objectives.
SELLER LEASEBACK AVAILABLE
• Seller willing to lease back at $50,000/month NNN.
• Approximately $600,000 annual NOI.
• Approximate 6.3% Cap Rate at the asking price.
TURNKEY ENTERTAINMENT INFRASTRUCTURE
• Full commercial kitchen, multiple bars, VIP seating, and open entertainment areas.
• Upgraded lighting and sound infrastructure already in place.
• Significant value for entertainment, hospitality, and experiential users.
PRIME SILICON VALLEY LOCATION
• Walking distance to Caltrain and Downtown Mountain View amenities.
• Surrounded by major Silicon Valley employers and high-income demographics.
• Commercial properties of this size and location seldom come to market.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
9,600 SF
Building Class
C
Year Built
1928
Cap Rate
6.30%
Tenancy
Single
Building Height
2 Stories
Building FAR
1.29
Lot Size
0.17 AC
Zoning
P(19) - Downtown Precise Plan
Frontage
46’ on Castro St
Property Taxes
| Parcel Number | 158-13-039 | Improvements Assessment | $3,322,083 |
| Land Assessment | $1,826,531 | Total Assessment | $5,148,614 |
Property Taxes
Parcel Number
158-13-039
Land Assessment
$1,826,531
Improvements Assessment
$3,322,083
Total Assessment
$5,148,614
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