Price:

$588,000

Building Size:

2,448 SF

Price/SF:

$240.20

Property Type:

Retail

Property Sub-type:

Restaurant

Property Use Type:

Investment

Occupancy:

100%

No. Stories:

2

Tenancy:

Multiple

Year Built:

1984

Lot Size:

0.14 AC

Listing ID

18597535

Highlights

• Great rental income $10,160/month
• High-demand: only 2 commercial kitchens in San Jose
• Huge upside potential
• Great opportunity for catering business owners

Description

In escrow but accepting backup offers. Rare commercial kitchen for sale.

Price for real estate + business + equipment.

Great income property for investors/owner user in catering industry.

Owner collects rental income and uses kitchen for food catering business.

Rental income $10,160/month.

Upside potential due to low rent.

Owner is an absentee.

Expenses can be much lower if new owner is handy.

2 story condo in a business park.

800SF unit upstairs has a separate entrance, 2 private offices, a conference area and rest room. Currently lease at $700/month.

1,648SF full commercial kitchen downstairs has a separate entrance.
Currently leased to numerous tenants using kitchen at varied hours for their catering business. Leases are m-t-m, 6 months or 12 months.

Owner receives calls almost everyday asking about leasing kitchen space due to only 2 commercial kitchens available for lease in San Jose.

Various kitchen equipment and fixtures includ ed with sale.

HOA fee =$343 per month.

Some tenants have been there since 2008.

Please do not disturb tenants! Contact broker for a tour.

Great location.

Plenty parking spaces. Catering trucks can park overnight.

Located in River’s Edge Business Park, in the Golden Triangle of San Jose.

Close to 101 and 880 Freeways, Brokaw Rd exits.