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938 San Pablo Avenue, Albany CA

+/- 3,984 Sq Ft • $1,300,000 • Completed
Price
$1,300,000
Size
+/- 3984 SF building size
+/- 5,000 SF lot size
Highlights

High traffic location investment opportunity in the heart of Albany. Restaurant & Residential mixed-use property for sale. 938 Crawfish seafood restaurant and bar plus spacious apartment above.

Property Features

  • Building size: ± 3,984 SF
  • Lot size: ± 5,000 SF
  • APN# 66-2721-12-1
  • Ground floor restaurant 938 Crawfish:
    – Size: ± 2,934 SF
    – Kitchen is fully equipped for restaurant use
    – ABC Type 47 liquor license (one of just a handful in Albany)
    – Prominent signage/identity
    – 50’ street frontage on busy San Pablo Avenue
    – Two separate restrooms
    – Leased through December 2018 with 5-year option to extend
    – Current rent $4,800/month
  • Second floor residential unit:
    – Size: ± 1,050 SF
    – 3 bedroom/1 bath
    – Ample natural light with skylight
    – Private, fenced backyard and driveway access
    – Leased month to month
    – Current rent $2,300/month
  • Contact broker for additional financials

Location Highlights 

  • Dense neighborhood shopping district serving Albany, Berkeley and El Cerrito
  • Easy walking distance to new Sprouts Farmers Market organic grocery store
  • Near the base of thriving Solano Avenue; half block to Albany Twin Theatres
  • Half block to Marin Avenue with high-income neighborhoods and easy freeway access
  • Close to Whole Foods Market and El Cerrito Plaza with national retailers such as Barnes and Nobles, Bed, Bath and Beyond and Trader Joe’s
  • Near UC Berkeley’s University Village, a 50-acre housing community for students who are married or have dependents. Owned and administered by UC Berkeley, it includes recreation center, Belmont Village Senior Living, youth and adult classes
  • Walk Score of 80
  • Near bike and pedestrian trails; well-served by AC Transit
  • Easy, unmetered street parking
  • San Pablo Avenue (aka State Highway 123) is a major east bay thoroughfare
  • Median household income within 1 mile is ± $90,415 (CoStar)

 

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