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320 Village Ln
Los Gatos, CA 95030
Real Estate and Business Opportunity · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Real Estate and Business Opportunity
EXECUTIVE SUMMARY
Offering Summary:
Improvements: ±4,095 SF freestanding, turn-key restaurant building available for sale.
Unique Opportunity: Where owner user/investor can purchase and operate a Class A restaurant in the difficult to enter Los Gatos California Downtown Market.
Sale Includes: Land, Building , All restaurant equipment except for food, wine, liquor, and limited art pieces .
Availability: Current tenant/related ownership Manresa Three Star Michelin Restaurant is planning to cease operations on approximately December 31, 2022 and vacate the premises shortly thereafter. New owner/operator could open for business in approximately January 2023.
Notes: Full list of restaurant equipment and fixtures included in the sale are available upon request for qualified buyers.
Current fair market rental rate for restaurant with improvements is ±$21,500.00 per month (±$258,000.00 annual) plus NNN expenses.
Improvements: ±4,095 SF freestanding, turn-key restaurant building available for sale.
Unique Opportunity: Where owner user/investor can purchase and operate a Class A restaurant in the difficult to enter Los Gatos California Downtown Market.
Sale Includes: Land, Building , All restaurant equipment except for food, wine, liquor, and limited art pieces .
Availability: Current tenant/related ownership Manresa Three Star Michelin Restaurant is planning to cease operations on approximately December 31, 2022 and vacate the premises shortly thereafter. New owner/operator could open for business in approximately January 2023.
Notes: Full list of restaurant equipment and fixtures included in the sale are available upon request for qualified buyers.
Current fair market rental rate for restaurant with improvements is ±$21,500.00 per month (±$258,000.00 annual) plus NNN expenses.
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,095 SF
Building Class
C
Year Built/Renovated
1949/2011
Price
$7,922,350 CAD
Price Per SF
$1,934.64 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.63
Lot Size
0.15 AC
Zoning
C2, Los Gatos - Commercial
Frontage
PROPERTY TAXES
| Parcel Number | 529-04-048 | Improvements Assessment | $3,249,430 CAD |
| Land Assessment | $679,919 CAD | Total Assessment | $3,929,349 CAD |
PROPERTY TAXES
Parcel Number
529-04-048
Land Assessment
$679,919 CAD
Improvements Assessment
$3,249,430 CAD
Total Assessment
$3,929,349 CAD
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