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25 Visitaction Ave

2,300 SF Retail Building Brisbane, CA 94005 $1,131,141 CAD ($492 CAD/SF) 4.89% Cap Rate

Investment Highlights

  • Shovel ready development approved
  • No parking required for Commercial Restaurant or other uses
  • Very Flexible Zoning

Executive Summary

25 Visitacion Ave. is located in the highly desirable town of Brisbane which is known for its natural setting, scenic views and sunshine. This property is centrally located and is approximately 2300sf of commercial space (was used as restaurant. Now vacant). Wonderful location, warm community. Open business easily. No parking required for restaurant and many other uses. Option 2: build new. Owner has shovel ready plans for 4000sf single family home. Opportunity to develop: Residential allowed: single family homes, apartments, condos. Very flexible zoning. Walking distance to Public Transportation, shopping, schools and more.

Financial Summary (Pro forma - 2023)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $44,225 $19.23
Other Income - -
Vacancy Loss - -
Effective Gross Income $44,225 $19.23
Taxes $12,757 $5.55
Operating Expenses $4,252 $1.85
Total Expenses $17,010 $7.40
Net Operating Income $27,215 $11.83

Financial Summary (Pro forma - 2023)

Gross Rental Income (CAD)
Annual $44,225
Annual Per SF $19.23
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $44,225
Annual Per SF $19.23
Taxes (CAD)
Annual $12,757
Annual Per SF $5.55
Operating Expenses (CAD)
Annual $4,252
Annual Per SF $1.85
Total Expenses (CAD)
Annual $17,010
Annual Per SF $7.40
Net Operating Income (CAD)
Annual $27,215
Annual Per SF $11.83

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,300 SF
Building Class
C
Year Built
1956
Price
$1,131,141 CAD
Price Per SF
$492 CAD
Cap Rate
4.89%
NOI
$55,366 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.86
Land Acres
0.06 AC
Zoning
C20000 - Residential and or commercial
Frontage
21 ft on Visitacion Avenue

Amenities

  • Restaurant
Walk Score ®
Very Walkable (79)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
007-222-090
Land Assessment
$1,075,896 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,075,896 CAD
Annual Taxes
$12,757 CAD ($5.55 CAD/SF)
Tax Year
2023
  • Listing ID: 29554825

  • Date on Market: 2023-09-19

  • Last Updated:

  • Address: 25 Visitaction Ave, Brisbane, CA 94005

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