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9,953 SF Restaurant For Sale on 1.66 AC 39888 Balentine Dr 9,953 SF Retail Building Newark, CA 94560 $5,300,000 ($532.50/SF)
INVESTMENT HIGHLIGHTS
- Rare Owner User Opportunity - 9,953 SF Vacant Restaurant For Sale on Large 1.66 Acre Parcel
- Located on the Corner of Balentine Dr & Mowry School Rd - Directly off Stevenson Blvd & Interstate 880
- Seller has Entitled the Property for 132 Room - 75,704 Square Foot AC Marriott Hotel
- Former Nijo Castle Japanese Teppanyaki Grill Restaurant
- 0.4 Miles from the Newpark Mall which Includes National Retailers such as Costco Wholesale, AMC Newpark 12, H&M, and Many More
- Regional Commercial Zoning & General Plan Designations
EXECUTIVE SUMMARY
- Rare Owner User Opportunity: 9,953 SF Vacant Restaurant For Sale on Large 1.66 Acre Parcel.
- Former Nijo Castle Japanese Teppanyaki Grill Restaurant.
- Located on the corner of Balentine Dr & Mowry School Rd , directly off Stevenson Blvd & Interstate 880.
- Rare large scall restaurant/banquet facility opportunity.
- 0.4 Miles from the Newpark Mall which includes national retailers such as Costco Wholesale, AMC Newpark 12, H&M, and many more.
- Great signage & exposure on the hard corner, the property is next to Chuck E. Cheese, Fremont Mazda, Fremont Ford, Kia of Fremont, Winn Volkswagen, Double Tree by Hilton, Hyatt Place.
- Seller has entitled the property for 132 room, 75,704 square foot AC Marriott hotel.
- Regional Commercial Zoning & General Plan Designations.
- RC regional commercial. This district is intended to support the large-scale shopping facilities. It includes a broad array of goods and services, including department stores, retail shops, restaurants, entertainment facilities, and similar uses which draw patrons from throughout Newark and the surrounding region. Uses such as hotels and corporate office buildings are acceptable. Housing at densities greater than thirty units per acre may be included if such housing is a component of a planned development which is primarily oriented around regional retail uses. This district implements the regional commercial general plan land use designation.
- Former Nijo Castle Japanese Teppanyaki Grill Restaurant.
- Located on the corner of Balentine Dr & Mowry School Rd , directly off Stevenson Blvd & Interstate 880.
- Rare large scall restaurant/banquet facility opportunity.
- 0.4 Miles from the Newpark Mall which includes national retailers such as Costco Wholesale, AMC Newpark 12, H&M, and many more.
- Great signage & exposure on the hard corner, the property is next to Chuck E. Cheese, Fremont Mazda, Fremont Ford, Kia of Fremont, Winn Volkswagen, Double Tree by Hilton, Hyatt Place.
- Seller has entitled the property for 132 room, 75,704 square foot AC Marriott hotel.
- Regional Commercial Zoning & General Plan Designations.
- RC regional commercial. This district is intended to support the large-scale shopping facilities. It includes a broad array of goods and services, including department stores, retail shops, restaurants, entertainment facilities, and similar uses which draw patrons from throughout Newark and the surrounding region. Uses such as hotels and corporate office buildings are acceptable. Housing at densities greater than thirty units per acre may be included if such housing is a component of a planned development which is primarily oriented around regional retail uses. This district implements the regional commercial general plan land use designation.
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
9,953 SF
Building Class
C
Year Built
1986
Price
$5,300,000
Price Per SF
$532.50
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.66 AC
Zoning
RC - Regional Commercial
Parking
50 Spaces (7.5 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
Walk Score®
Very Walkable (81)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 901-0195-010-00 | Improvements Assessment | $1,000,000 |
| Land Assessment | $4,300,000 | Total Assessment | $5,300,000 |
PROPERTY TAXES
Parcel Number
901-0195-010-00
Land Assessment
$4,300,000
Improvements Assessment
$1,000,000
Total Assessment
$5,300,000
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9,953 SF Restaurant For Sale on 1.66 AC | 39888 Balentine Dr
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