Historic Downtown Pleasanton Building For Sale

The Pleasanton Hotel, located at 855 Main Street is once again for sale. The 14,290 square foot building is a retail and office building. The owner of the building also owns the restaurant that occupies the first floor, The Farmer. Upon selling the building he would like to sign a long-term lease for the restaurant*

* On a side note, the restaurant business is also for sale. It can be yours for a whopping $600,000

The building sits on a 1.68 acre lot and does include parking. The building is relic and is known by anyone who has been to Pleasanton. Having said that, I have heard that it is almost impossible to move walls and change anything architecturally within the building due to structural issues. Meaning, a renovation to divide up space or to create a better flow could be near impossible.

At $3,350,000 ($234 psf) who would buy this thing? The only use I can think of is an owner/user who would occupy the second floor and capitalize off the leased space on the first floor.

About thestorefront

Commercial Real Estate Broker in the San Francisco Bay Area specializing in retail sales and leasing.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s