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Retail Building | Operating Business For Sale 702 Colorado Ave 3,261 SF 63% Leased Retail Building Palo Alto, CA 94303 $3,700,000 ($1,134.62/SF) 4.96% Cap Rate
INVESTMENT HIGHLIGHTS
- Prime Midtown Palo Alto location with strong neighborhood traffic
- Excellent access to major Silicon Valley employment centers
- Strong demographics and consistent demand for neighborhood dining
EXECUTIVE SUMMARY
Operating a pizza restaurant business with fee-simple real estate in prime Midtown Palo Alto. Rare owner-user or investor opportunity to acquire both business and property in a high-barrier Silicon Valley market. Well-located neighborhood restaurant with strong local patronage and long-term upside. Ideal for owner-operators, 1031 buyers, or investors seeking durable real estate fundamentals. Business and real estate are sold together.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
3,261 SF
Year Built
1954
Price
$3,700,000
Price Per SF
$1,134.62
Cap Rate
4.96%
NOI
$183,627
Percent Leased
63%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.39
Lot Size
0.19 AC
AMENITIES
- Restaurant
Walk Score®
Very Walkable (78)
Bike Score®
Biker's Paradise (97)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 127-34-092 | Improvements Assessment | $468,180 |
| Land Assessment | $2,601,000 | Total Assessment | $3,069,180 |
PROPERTY TAXES
Parcel Number
127-34-092
Land Assessment
$2,601,000
Improvements Assessment
$468,180
Total Assessment
$3,069,180
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Retail Building | Operating Business For Sale | 702 Colorado Ave
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