Shopping Neighborhood

2040 Ralston Ave

2040 Ralston Ave, Belmont, CA 94002

Listing Price: $2,200,000

Cap Rate
4.03%
Gross SF
3,525
Rentable SF
3,525
Price/Gross SF
$624.11
Lot Size
0.30 acres

Investment Overview

Marcus & Millichap is pleased to announce this rare opportunity to purchase a mid-peninsula retail asset that has the potential for an owner/user to move in immediately. Located in the heart of Belmont. This top quality, three-suite building is situated in the highly desirable City of Belmont, surrounded by one of the most affluent and chic neighborhoods. The property consists of three tenants. DryClean City is an anchor tenant, and this unit has been in the Dry-cleaning business since the purchase of the property in 1988 a long standing community dry-cleaner with a history of success. The new tenant, CAPO Mediterranean, is a new construction casual dining experience that recently did major renovations to the unit including tall dual pane glass windows, high ceilings, considerable kitchen improvements, tiled floors and overall aesthetic improvements. CAPO recently signed on for a 10-year lease agreement, with two 5-year options. The middle unit is recently vacant but has generated a few offers already from tenants looking to lease the space. Current ownership is holding off on the lease up to give a new owner the opportunity to buy the asset as an owner/user and move their business in.
2040 Ralston is situated between Carlmont Village and Downtown Belmont, two of the citys most iconic and active shopping corridors providing a terrific assortment of restaurants, bars and boutiques. Belmont is home to some of the most luxurious and highly valuable real-estate among the entire Peninsula. Belmont is richly diverse and has a long standing community surrounded by breathtaking nature including mountains and hills, hiking trails and recreational parks peppered throughout the entire city making the small pocket of real estate here even more valuable and highly sought after. There are over 9 different schools within walking distance, including Norte Dam University. Ralston Ave is one long, scenic street that cuts through the middle of the entire city serving as the main artery, providing direct access to highways 280 and 101, along with Belmont Cal-Train and all other major streets and highways.
This property presents a tremendous opportunity to own a prestigious, well maintained building with upside rental potential in an irreplaceable location.

Investment Highlights

  • Mid-Peninsula Trophy Retail Asset
  • Corner Building Located On Dense Retail Corridor
  • Exceptional Visibility & Access
  • Huge Upside In Rental Income
  • Walking Distance To Multiple Retail, Restaurants & Schools

Exclusively Listed By

Shopping Neighborhood

2040 Ralston Ave

Listing Price: $2,200,000

Cap Rate
4.03%
Gross SF
3,525
Rentable SF
3,525
Price/Gross SF
$624.11
Lot Size
0.30 acres

Investment Highlights

  • Mid-Peninsula Trophy Retail Asset
  • Corner Building Located On Dense Retail Corridor
  • Exceptional Visibility & Access
  • Huge Upside In Rental Income
  • Walking Distance To Multiple Retail, Restaurants & Schools

Investment Overview

Marcus & Millichap is pleased to announce this rare opportunity to purchase a mid-peninsula retail asset that has the potential for an owner/user to move in immediately. Located in the heart of Belmont. This top quality, three-suite building is situated in the highly desirable City of Belmont, surrounded by one of the most affluent and chic neighborhoods. The property consists of three tenants. DryClean City is an anchor tenant, and this unit has been in the Dry-cleaning business since the purchase of the property in 1988 a long standing community dry-cleaner with a history of success. The new tenant, CAPO Mediterranean, is a new construction casual dining experience that recently did major renovations to the unit including tall dual pane glass windows, high ceilings, considerable kitchen improvements, tiled floors and overall aesthetic improvements. CAPO recently signed on for a 10-year lease agreement, with two 5-year options. The middle unit is recently vacant but has generated a few offers already from tenants looking to lease the space. Current ownership is holding off on the lease up to give a new owner the opportunity to buy the asset as an owner/user and move their business in.
2040 Ralston is situated between Carlmont Village and Downtown Belmont, two of the citys most iconic and active shopping corridors providing a terrific assortment of restaurants, bars and boutiques. Belmont is home to some of the most luxurious and highly valuable real-estate among the entire Peninsula. Belmont is richly diverse and has a long standing community surrounded by breathtaking nature including mountains and hills, hiking trails and recreational parks peppered throughout the entire city making the small pocket of real estate here even more valuable and highly sought after. There are over 9 different schools within walking distance, including Norte Dam University. Ralston Ave is one long, scenic street that cuts through the middle of the entire city serving as the main artery, providing direct access to highways 280 and 101, along with Belmont Cal-Train and all other major streets and highways.
This property presents a tremendous opportunity to own a prestigious, well maintained building with upside rental potential in an irreplaceable location.

Exclusively Listed By

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