RAILROAD AVENUE AMAZING OPPORTUNITY TO ACQUIRE THE BEST REAL ESTATE ASSET IN PITTSBURG

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Josephine George
5 years ago
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444-446 RAILROAD AVENUE AMAZING OPPORTUNITY TO

1 RAILROAD AVENUE AMAZING OPPORTUNITY TO ACQUIRE THE BEST REAL ESTATE ASSET IN PITTSBURG

This 18,000 sqft building is a truly unique mixed-use income property, and a remarkable investment and/or lifestyle opportunity.

3 THE BEST REAL ESTATE ASSET IN PITTSBURG An amazing opportunity beckons to acquire the best real estate asset in Pittsburg! 446 Railroad Ave. is comprised of approximately 1/3 residence, 1/3 restaurant La Veranda, 1/3 art studio, gallery and finished storage space. This 18,000 sqft building is a truly unique mixed-use income property, and a remarkable investment and/or lifestyle opportunity. Upside and flexibility are the key characteristics of this building with condominium conversion possibilities, substantial existing income, and additional income potential. This building is an ideal 1031 Investment. The Express BART station is 3-minute drive or bus ride (50 min BART into San Francisco) and Pittsburg is now BUILDING INFRASTRUCTURE: Poured in place concrete walls old-growth redwood-rafter framing exterior façade restored UPGRADES INCLUDE: entire building renovation new electrical new plumbing fire sprinklers and much more a thriving commerce hub.

5 THE MAIN RESIDENCE

6 PROPERTY FEATURES 7 bedrooms 2 large offices (each with own private entry) Art gallery 3 full bathrooms 2 half bathrooms Full library with study Formal sitting room Great room Formal dining room Breakfast nook Kitchen with Thermador Professional range Basement man cave Separate guest apartment with its own kitchenette, washer and dryer and bathroom Ample basement storage Private alleyway garden with deck 3,600 sqft event space for parties, showings, other retail rental, etc. Mixed-use space for live, work, play Space with strong individuality while at the same time a sense of place for the community Gathering space for art shows and music venues as well as other events - taking advantage of central location in the historic old downtown Den

8 THE ART STUDIO

10 THE RESTAURANT

Rent NNN (less property taxes) 6/1/17 5/31/18 $5,087.

11 RESTAURANT LEASE DETAILS 444 Railroad Ave - La Veranda Ristorante Italiano 3,796 sqft Lease Expiration 9/30/21 Restaurant Pays Monthly Rent NNN (less property taxes) 6/1/17 5/31/18 $5, /1/18 5/31/19 $5, /1/19 5/31/20 $5, /1/20 5/31/21 $5, /1/21 9/30/21 $6,183.28

12 FIRST FLOOR - POTENTIAL CONDOMINIUM

13 SECOND FLOOR - POTENTIAL CONDOMINIUM

14 BASEMENT - POTENTIAL CONDOMINIUM

15 FLOOR PLAN DETAILS 2,173 sqft first floor residence 1,668 sqft second floor studio 1,933 sqft second floor residence 1,960 sqft basement studio 2,000 sqft basement residence 3,796 sqft restaurant 775 sqft rumpus room/office 896 sqft restaurant basement 1,960 sqft first floor studio 850 sqft alleyway garden area

16 THE GROUNDS

17 THE AREA Great restaurants within the downtown and easy walking distance (less than 5 min. walk): La Veranda (in building) - Italian stars CreAsian Bistro - Vietnamese fusion stars Lumpy s Diner - burgers, breakfast stars E.J. Phair Brewing Company - microbrewery pub stars New Mecca Cafe - Mexican stars Skyview Noodle and Tea - Asian stars Waterfront Grill & Cafe - American - 5 stars Nick s Sandwiches - lunch stars Steeltown Coffee and Tea - coffee stars Amenities in downtown within easy walking distance (less than 5 min. walk): Cara Mia Skin & Body Care ReVitalize Yoga & Wellness Railroad Book Depot Mechanics Bank Post Office California Theater Lanzafame Furniture Marina Galleria Pittsburg Marina John Buckley Square (park across street) Bocce Ball courts (across street) Activities at the Marina (less than 5 min. walk): Kite-boarding Competition Jazz, Blues and Funk Festival Bass and Sturgeon Fishing Derby Other activities/amenities close by (less than 1 mile): Pittsburg Diamonds Professional Baseball Pittsburg ebart Websites with more information:

18 David DuPont DRE# Charlotte Nelson DRE# RAILROAD.COM OFFERED AT $2,650,000 The DuPont Group Vanguard Properties believes this information to be correct but has not verified this information and assumes no legal responsibility for its accuracy. Buyers should investigate these issues to their own satisfaction.

POINTS. Ideal Location. Rare Opportunity. OFFICE / MEDICAL SUITES FOR LEASE

POINTS. Ideal Location. Rare Opportunity. OFFICE / MEDICAL SUITES FOR LEASE POINTS Ideal Location. OFFICE / MEDICAL SUITES FOR LEASE Rare Opportunity. NY VILLA RD LOCATION CHESAPEAKE DR Highlights Common area improvements now complete: exterior upgrades and spec suite improvements