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920 N State Street

Ukiah, CA 95482
  • $2,500,000
  • STATUS: Active
  • ON SITE: 112 Days
  • ID#: 322074166
UPDATED: 79 min ago
$2,500,000
  • 0
    BEDS
  • 0.54
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,129
    SQFT
  • $487
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1965
County:
Area:

School Ratings & Info

Description

Owner may finance this cash cow investment that has a 23.6% cap rate at the asking price of $2,500,000! A rare opportunity to buy a high profit restaurant that includes the building, equipment and liquor license. The building is over 5,100 square feet, with on-sight parking, and seating for approx. 300 customers. This state-of-the-art restaurant was completely renovated in 2019. The equipment, fixtures and finishes are all first class. The restaurant is closed on Sunday and only open for lunch and dinner, which gives the new owner opportunities to expand the hours and income. The owner would like to retire and hand the baton to the next entrepreneur. A busy hotel is contiguous. Financials available with NDA and proof of ability to purchase.

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© 2022 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Abramowicz Group | RE/MAX Gold. Data last updated: 2022-11-28T11:57:07.747.
www.a9homes.com/homes/131928268
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920 N State Street Ukiah, CA 95482

  • Price: $2,500,000
  • Status: Active
  • On Site: 112 Days
  • Updated: 79 min ago
  • ID#: 322074166
0
Beds
0
Baths
0
½ Baths
0.54
Acres
5,129
SQFT
$487
$/SQFT
1965
Built
Neighborhood:
Ukiah
County:
Mendocino
Area:
Ukiah
Property Description
Owner may finance this cash cow investment that has a 23.6% cap rate at the asking price of $2,500,000! A rare opportunity to buy a high profit restaurant that includes the building, equipment and liquor license. The building is over 5,100 square feet, with on-sight parking, and seating for approx. 300 customers. This state-of-the-art restaurant was completely renovated in 2019. The equipment, fixtures and finishes are all first class. The restaurant is closed on Sunday and only open for lunch and dinner, which gives the new owner opportunities to expand the hours and income. The owner would like to retire and hand the baton to the next entrepreneur. A busy hotel is contiguous. Financials available with NDA and proof of ability to purchase.
Exterior Features

Location Hospital NearbyHotel/Motel NearbyNeighborhoodRestaurant NearbyShopping Nearby Parking Total 46 Road Frontage Type City Street

Interior Features

Cooling Central Floor 0 Flooring Other Heating Central

Property Features

Auction No Availability Date 1800-01-01T00:00:00 Building Features Cold StorageExtra StorageFront SignHood SystemIndividual Thermostat ControlKitchen FacilitiesManager's OfficeOther Restroom FacilitiesPatioReception AreaRefrigeration Business Type Bar/Tavern/LoungeRestaurant Current Use Restaurant Dock Doors 0 Industrial Sq Ft 0 Lease Deposit 0 Lease Type Net Leased 0 Load Factor 0 Office Sq Ft 0 Percent Office 0 Property Sub Type Mixed Use Property Type Commercialsale Retail Sq Ft 0 Security Features Fire AlarmFire Extinguisher Sewer Public Sewer Structure Type Other Warehouse Sq Ft 0

Listing information © 2022 Bay Area Real Estate Information Services. Listing courtesy of Tom Larson of Luxe Places International Realty: 707-433-2000.


© 2022 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Abramowicz Group | RE/MAX Gold. Data last updated: 2022-11-28T11:57:07.747.
 
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The Abramowicz Group | RE/MAX Gold
1671 E Monte Vista Rd. #208
Vacaville CA, 95688