500-502 4th Ave. & 324 Island St.
For sale: $11,955,000.00
For Lease: $4.50 psf NNN (NNN estimates = $0.63 psf)
This legacy asset located in the heart of the Gaslamp Quarter has been a variety of nightlife venues for the past 26 years. The latest significant remodel was performed just 8 years ago (existing floor plan on page 4). This 11,000 square foot ground-level retail space has a maximum occupancy of over 900 patrons and contains valuable fixtures perfect for a nightclub tenant/operator. Some items include: 2 large walk-in coolers, 2 industrial ice machines, Funktion-One sound system, custom lighting installation by SJ Lighting, 3 separate bar areas totaling 9 wells and a full kitchen. The 2,000 square foot second floor office space has functioning HVAC and includes a reception desk, conference room area, 4 private offices, a variety of open concept workstations, a kitchenette area, full bathroom, green room, as well as a dressing room.
Additional interior photos available upon request. Only serious prospective tenants/buyers shall be given access to the property for the purpose of a private tour. Please contact Matt Mellos for further information regarding this property, and any questions regarding the Liquor License at this property.