560 & 604 Macarthur Ave, San Leandro
Restaurant Investment with Redevelopment Upside
Marketing description
560 & 604 MacArthur Boulevard present a rare opportunity to acquire two high-profile restaurant assets — available together or individually — featuring Jerry’s Beefburgers (since 1953) with a lease until August 2029 and Oriental Tea House Restaurant on a flexible month-to-month lease.
The site offers dual frontage along MacArthur Blvd and Foothill Blvd, adjacent to Interstate 580 with easy access, strong visibility, and ample parking (~7 spots per 1,000 SF). Recent capital improvements include a new roof, remodeled kitchen, and resurfaced parking lot.
The property is located on 1.22 acres designated for mixed-use and multifamily redevelopment "by right" in San Leandro’s 2023-2031 Housing Element site inventory (they are 2 of only 19 such sites in the City of San Leandro).
A rare blend of stable, low-management income that's not subject to residential rent control, with value-add potential, and long-term redevelopment upside. Offered at only $74.53 per square foot in land value.
Investment highlights
- Low Management, Passive Investment – Reliable income stream from proven restaurant tenants with minimal owner involvement, and not subject to rent control.
- Exceptional Owner-User / Value-Add Opportunity – Buyers can occupy and/or capture substantial rental upside with a turn-key restaurant space ready for repositioning.
- Extensive Capital Improvements – Recent capital improvements including new roof, remodeled kitchen, and resurfaced parking lot.
- Great Location With Established Restaurant Presence– Investors and owner users have the opportunity to acquire an exceptional retail asset located in the busy crossing of MacArthur Blvd and Foothill Blvd, right next to Interstate 580.
- Well-Positioned For Future Redevelopment – Both parcels are designated in the City of San Leandro's 2023-2031 Housing Element Site Inventory as suitable for future redevelopment, they are 2 of only 19 such sites in the City of San Leandro. Offered at only $74.53 per square foot in land value.
- Contact us today to schedule a tour or request more details!
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