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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
$7,861,573 CAD
Price Per SF
$1,919.80 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 | $3,150,641 CAD |
| Land Assessment | $659,248 CAD | Total Assessment | $3,809,889 CAD |
Property Taxes
Parcel Number
529-04-048
Land Assessment
$659,248 CAD
Improvements Assessment
$3,150,641 CAD
Total Assessment
$3,809,889 CAD
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