4096 Bay St, Fremont, CA 94538

Asking Price: $998,000 (Building Only) or $1,098,000 (Building & Assets)Amazing Location in the Revitalized Downtown Fremont District!Walking Distance to Shopping, Dining, and the Expected Irvington Bart Station!Perfect for a Seasoned Entrepreneur or New Restaurant Owner!Loyal, Existing Client Base to Ensure Future Profitability! This investment presents a unique opportunity for an entrepreneur or experienced restaurant owner to capitalize on an already existing clientbase. 4096 Bay Street is retail/commercial building consisting of a 2,553 square foot restaurant with two bars, a full kitchen, pack patio, ample seating, and room for many patrons. The building has been upgraded with new plumbing, electrical, security system, paint, and new flooring. All upgrades and renovations have been done with the required permits, allowing the new owner to feel safe knowing that the building has been upgraded according to code. The building can be purchased on its own for $998,000 or with the assets for $1,098,000. The subject property is located in Fremont, CA within walking distance to Fremont Shopping Center, Fremont Memorial Park, Fremont Central Park, restaurants, shops, and all modes of public and private transportation. The City of Fremont has recently improved Irvington's "Downtown" with new sidewalks, lighting, trees, roads, and upgraded retail and commercial buildings. Essentially, the whole Bay St. area has undergone significant city upgrades, including new planter boxes, landscaping, and parking areas, all of which will add value to this well located property. Further, the BART extension is planned to begin in early 2016, helping increase foot and car traffic in the area. Moreover, analysts predict Irvington values will increase 2% next year, compared to a 2.3% rise for Fremont as a whole. Foreclosures will be a factor impacting values in the next several years. In Irvington, the number of foreclosures waiting to be sold is 11.6% lower than the national average.