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Restaurant or Cafe Space; California Avenue Palo Alto

Jan 14th, 2022 at 06:20   Restaurant Buy & Sell   Palo Alto   2 views
$199,900
  • restaurant-or-cafe-space-california-avenue-palo-alto-big-0

Location: Palo Alto

Price: $199,900


Newly remodeled space on California Avenue in Palo Alto, which is one of the busiest commercial/residential streets on the Peninsula. The location is adjacent to restaurants and shops, and is surrounded by a high-income residential area. There is foot traffic and car traffic on California Avenue throughout the day seven days a week, and on Sundays, the street is home to a farmers' market which brings additional visitors to the area. The current owners invested close to one million dollars in the recent renovation. The space is modern, sleek, and ready for your concept. The current lease runs through February 2028, and comes with two 5-year options. The current rent is $6750/month, which is well under market value. This presents an excellent opportunity for the right owner/operator with the right concept to capitalize on the excellent location and favorable lease terms. The current build out was for a juice bar and cafe and has a glass door walk-in refrigerator on the front line, stainless steal counter-tops. There is another walk-in refrigerator in the back of house, an ada restroom and loft area for storage.

Link to the business