Description
Unmatched Commercial Footprint on Niles Boulevard. Seize the ultimate investment opportunity with this iconic commercial building located in the heart of Fremont's historic Niles District. Strategically positioned just steps away from the legendary Historic Niles Hotel building, this property enjoys prime real estate placement amid the town's highest-velocity foot traffic corridor. Featuring expansive glass storefront windows, classic architectural details that respect the neighborhood'sHistorical Overlay District (HOD) zoning, and flexible floor plans, the building is tailored for premier retail, dining, or boutique business use. Visitors flocking to the district for high tea experiences, antique shopping, and landmark tourism will pass your front doors daily. Benefiting from ample local parking and incredible visual synergy with Niles' most celebrated destinations, this is a generational acquisition chance in one of the East Bay's most coveted historic districts. The Anchored Commercial Space: The ground floor is proudly anchored by the famous Thyme for Tea & Co., a beloved Victorian tea room and cafe that serves as a cornerstone tourist and community destination. This highly visible storefront features expansive glass display windows and draws steady, high-velocity foot traffic from visitors arriving for high tea experiences, antique shopping, and local historical landmark tourism. The Residential Portfolio: Perfectly balanced above the commercial space are 10 residential units. These highly rentable apartment spaces enjoy low historically recorded vacancy rates, offering an immediate and dependable secondary revenue stream. Residents benefit from the vibrant, walkable neighborhood right outside their door while being less than 3 miles from the Fremont BART Station, providing an ideal commuter link to Silicon Valley and the greater East Bay. Building is supplied with its fully owned and operated solar array which helps keep the owners operational costs down. The building also benefits from Seismic retrofitting and general building improvements. Whether you are looking for a trophy property to anchor a portfolio or a high-yield asset with a legendary commercial tenant, this Niles building stands completely unmatched. Showings are strictly by appointment only. Please do not disturb the current cafe operations, staff, or residential tenants. Views: Ridge,Downtown
Details
| MLS # | 41150738 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1906 |
| Days On Site | 12 |
| Listing Provided By | KW Advisors East Bay | Gaylen Roberts |
Features
| Units | 11 |
|---|---|
| Acreage | 0.17 |
| Property View | Yes |
Interior
| Cooling | None |
|---|---|
| Heating | Forced Air |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Appliances | Dryer, Washer |
Exterior
| Construction Materials | Steel, Wood Siding |
|---|---|
| Lot Features | Street Level |
Area Information
| State | CA |
|---|---|
| County | Alameda |
| City | Fremont |
| Zip Code | 94536 |
| Community Name | NILES BLVD. |
| Listing VS Median (in NILES BLVD.) | |
Price: $3,500,000 low | high Med: $0 On site: 12 low | high Med: | |
Market Activity 94536
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Learn More About This Property
| State | CA |
|---|---|
| County | Alameda |
| City | Fremont |
| Zip Code | 94536 |
| Community Name | NILES BLVD. |
| Listing VS Median (in NILES BLVD.) | |
Price: $3,500,000 low | high Med: $0 On site: 12 low | high Med: | |