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5724 Thornton Newark, CA ^$ 2,990,000

5724 Thornton

^$ 2,990,000

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5724 Thornton

Newark, CA, 94560

^$ 2,990,000

Studio Baths0.0 Sq 2,384

Monthly Estimate*

^$ 19,872

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Studio

Commercial Property for sale in Newark, CA

for $2,990,000. This 2,384 square foot building was built in 1969 on a lot size of 0.2658.

**Here's A Lucrative Investment Building...A Very Attractive Restaurant Building FOR SALE that is a Great Opportunity in a very high traffic area.** Fully Rehabbed inside and outside and built to perfection with great beauty and grace. It's Truly one-of-a kind and was made to perfection that attracts many customers daily. No expense was spared. The Brand is Hinodeya Bar Restaurant, a multi-generation business that is highly successful throughout the Bay Area for many years. Careful Research and Feasibility Study Is What We Do Best to Make Sure All Building Locations Produce Great Results. Seller will retain the business and do an attractive Leaseback to the new buyer for the building. It's Been A Hit Since Day 1! Buyer Does Not Pay Triple Net.

Commercial Active

Price

^$ 2,990,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

Retail

Lot Size

0.2658

Year Built

1969

Town/City

Newark

County/Region

Alameda

MLS | Web ID

223108371

Features

General

Sewer Sewer Connected

Heating Central

Cooling Central

Utilities Separate Gas Meter Separate Water Meter

Roof Composition Other

Construction Materials Stucco Other

Year Built 1969

Electric 220 Volts

Tenant Pays Sewer Electricity Gas Trash Collection Water Maintenance Other

Stories 1

Property SubType Retail

Current Use Restaurant

Location Shopping Nearby Other

Business Type Restaurant

County Alameda

Property Type CommercialSale

Building Features Cold Storage Refrigeration Control Room Restroom(s)-Public Dumpster Server Room Hood System Kitchen Facilities

Close Price 0.0

Status Active

Directions From 84 E take Paseo Padre Parkway to Thornton Ave. From 880 N take exit 19 for CA-84E/Thornton Ave

City Newark

Buyer Agent Compensation 2

Zoning Description Restaurant Building

Total Units 1

MLS Area Newark

Lot Size Square Feet 11577.0

Street Name Thornton

Property Condition Exterior-Excellent Interior-Excellent See Remarks

Structure Type Retail

Standard Status Active

Year Built Source Assessor Agent-Fill

Buyer Agent Compensation Type Percent

Interior

Flooring Other 0

Office Area 0

Total Stories 0

Exterior

Parking Features Parking Lot 1 Block

Water Source Public

Total Parking 0.0

Foundation Details Other

Number of Buildings 0

Building Area Total 2384.0

Lot Size Acres 0.2658

Lot Size Source Owner

Parking Ratio 0.0

Internal Only

Street Number 1 5724

* Excluded Features

List By

Pivot X Realty

Broker

topservicenow@gmail.com

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$19,872

Per Month

Monthly Principal & Interest: $19,872
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Newark, CA

Average List Price ^$2,028,750

Percent of Sale Price 32%

About Newark, CA

48,655 Population

15% Since 2002

^$95,709 Median Income

37.84 Median Age

34% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

295416 Elementary School

295437 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/16/2024	$2,900,000	-14.71%	Price Down
2/12/2024	$3,400,000	-12.82%	Price Down
11/8/2023	$3,900,000		Listed Price

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5724 Thornton, Newark, CA, 94560 is a Commercial Property for sale at $2,990,000 with 2,384 sqft and a lot size of 0.2658. 5724 Thornton is a studio with 0.0 baths and was built in 1969. The property's zip code is 94560 which is in Newark, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Data is updated as of 5/23/2024.

Property information, real estate data and other informational content on this Site is provided in part by the Internet Data Exchange program of MetroList Services, Inc., a California corporation (“MetroList”).

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information.

Data is updated as of 5/23/2024.
CA DRE #02088790
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5724 Thornton

Commercial Property for sale in Newark, CA

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