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1501 Solano Ave
Albany, CA 94707
100% Leased Investment Property on Solano Ave · Retail Property For Sale
Executive Summary
FULLY-LEASED AND WELL-MAINTAINED INVESTMENT RETAIL PROPERTY ON SOLANO AVENUE
Two units (Restaurant + Retail), Off-Street Loading/Parking, and Additional Storage
Tenants —
Anahuac Cocina Mexicana: An experienced and much-loved
Mexican taqueria operator in the area chose this location for
its new elevated cuisine and cocktail concept. They will begin
a 7-year lease in October 2025 after completing substantial
tenant improvements. Occupies ±2,828 SF.
The Dance Floor: A successful operator in this location
already, The Dance Floor renewed its lease last year for an
additional five years. A beloved local studio offering all kinds
of movement classes to the community. Occupies ±2,501 SF.
6.9% projected CAP rate beginning October 1, 2026 with 3% annual increases in rents.
Two units (Restaurant + Retail), Off-Street Loading/Parking, and Additional Storage
Tenants —
Anahuac Cocina Mexicana: An experienced and much-loved
Mexican taqueria operator in the area chose this location for
its new elevated cuisine and cocktail concept. They will begin
a 7-year lease in October 2025 after completing substantial
tenant improvements. Occupies ±2,828 SF.
The Dance Floor: A successful operator in this location
already, The Dance Floor renewed its lease last year for an
additional five years. A beloved local studio offering all kinds
of movement classes to the community. Occupies ±2,501 SF.
6.9% projected CAP rate beginning October 1, 2026 with 3% annual increases in rents.
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,329 SF
Building Class
B
Year Built
1924
Price
$3,723,138 CAD
Price Per SF
$698.66 CAD
Cap Rate
6.90%
NOI
$256,897 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
1.00
Lot Size
0.12 AC
Frontage
49’ on Solano Ave
Property Taxes
| Parcel Number | 067-2848-017-00 | Improvements Assessment | $2,468,392 CAD |
| Land Assessment | $1,268,962 CAD | Total Assessment | $3,737,353 CAD |
Property Taxes
Parcel Number
067-2848-017-00
Land Assessment
$1,268,962 CAD
Improvements Assessment
$2,468,392 CAD
Total Assessment
$3,737,353 CAD
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