Jack London Retail - Unit 206 (Hesher's Pizza or Owner-User)
Income-Producing Asset with Existing Tenant (Hesher's Pizza) or Owner-User
Marketing description
Unit 206 is a 2,857 SF commercial condo currently occupied by Hesher's Pizza. The unit features full Type 1 commercial kitchen build-out, including venting infrastructure. Price at $25/SF, the asset represents an acquisition basis below estimated replacement cost. The property generates immediate rental income, with the potential for future lease restructuring or owner-operation.
Investment highlights
At $250 per square foot, the asking price is significantly below the cost of new construction for comparable retail space
Culinary Infrastructure: The space is equipped with a Type 1 commercial hood and venting system, a critical and capital-intensive requirement for full-service restaurant operations
Income Generation: The property is currently leased to Hesher’s Pizza, providing an immediate revenue stream
District Revitalization: Recent leasing momentum includes the return of Reem’s California and the opening of Dave & Buster’s in 2026, driving increased foot traffic to the waterfront dining district
Ideal Uses: Restaurant, Bar/Taproom, Event Space. Already compliant with existing venting/ kitchen infrastructure; no zoning change required for continued food service use
Minimal Downpayment: Owner-users may qualify to purchase with up to a 95% LTV by utilizing a combination of transfer of in place loan, a small business loan, and seller financing. Sellers’ existing lender is open to transferring existing 50% LTV financing, subject to customer underwriting and lender approval.
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