I have had an influx of inquiries regarding downtown Pleasanton Restaurant space over the past month. With very little options and not much turn around on this type space, be ready to compete with multiple offers. Currently there is one space available, but there are a couple other options if you can use your imagination…
425 Main Street, Pleasanton (the former Mahalo Grille space)
At about 1,800± square feet this space offers a good size kitchen with walk-in freezer, a very small bar (more of a coffee station than anything), 2 restrooms, and one open dining room with booth seating on the perimeter. There is also a good amount of outside seating available. The catch with the property is going to be theme. The ownership also owns the 4 buildings to the South and has a non-compete clause for all tenants. This means no mexican food, no sushi, no italian, and no sandwich/deli. With a little elbow grease and some decor changes this is prime restaurant space for lease. There are already multiple offers at this time but the owner is still accepting offers.
700 Main Street, Pleasanton (the former Spa Aventine)
At 2,300 square feet this space isn’t going to scream restaurant at first sight but it does have infrastructure that would make it easier to convert. Besides, this is stellar location in the middle of Main Street. Being that it was formerly used as a salon there will be sewer credits, drains, sinks. These costs’ can single-handedly be the largest in changing a traditional retail space to food use. Yes, the interior of the building have to be modified, a kitchen will have to be added, but having existing restroom (and the plumbing) and sewer credits are HUGE.
Asking Rent: $2.30, Gross per month
336 Saint Mary Street, 2nd Floor, Pleasanton (vacant)
Located above Red Coats, this is a large space at approximately 4,200± square feet and currently in shell condition. That being said, an elevator is in place and restrooms have been started. There is also a grease trap on site and a sewer impact fee may be reduced as there is already a restaurant on-site. The owner of the building really wants a restaurant in the space and would contribute tenant improvements to make a restaurant come to life. Obviously not a turn-key restaurant, but well-financed restauranteurs could have a very trendy and unique space in downtown.
Other spaces that have potential include:
234 Main Street – 5,500± square foot building with parking (purchase only) and would need literally millions before it would be a functioning restaurant.
728 Main Street – 1,900± square feet, former liquor store. Offers parking and might have a sewer impact credit from previous tenant.
As always, contact me for more information on any of the mentioned spaces or send your space requirement firstname.lastname@example.org (please include size, location, budget, and type of business)