13015 Philadelphia St Whittier, CA 90601-4202
- Turn key restaurants
- 3,563 SF
- 0.08 lot acres
Current Use by Public Records
- New Canton Restaurant & Bar / Restaurant / Chinese Restaurant
Property Details for 13015 Philadelphia St
- Year built
- 1922
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.08 lot acres
- Property size
- 3,563 SF
- Zone code
- WHC2UD*
- Property type
- Turn key restaurants
- APN
- 8139-015-009
- APU
- 8139015009
Description
This exceptional commercial property, located at 13015 Philadelphia Street in Whittier, California, presents a unique investment opportunity. The 3,563 square foot building sits on a 0.08-acre lot in the heart of Uptown Whittier, near affluent neighborhoods like Friendly Hills, Sun Gold Hills, Marvista, Michigan Park, and Whittwood Heights. Currently operating as a fully remodeled restaurant and bar, the property boasts a sophisticated ambiance that attracts a loyal clientele. However, its versatile design allows for a variety of upscale uses, including different restaurant concepts, live entertainment venues, or nightclubs. The strategic location ensures high foot and vehicle traffic, maximizing visibility and accessibility. The sale includes all equipment, furniture, and fixtures. A significant advantage is the inclusion of a 1,500 square foot basement featuring a walk-in refrigerated liquor room and an elevator shaft, along with dedicated office space. The property also benefits from ABC liquor licenses 47 and 58, ideal for off-site catering. The City of Whittier permits the construction of a patio or additional outdoor entertainment space, further enhancing the property's potential. The large, fully equipped kitchen allows for extended operating hours, currently permitted until 2:00 AM daily. This turnkey operation represents a substantial investment opportunity with significant upside potential. The asking price is $2,200,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,850,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,920,000
- 6.5%
- $2,020,000
- 7%
- $2,190,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,150,000
- Geo Method
- $2,140,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,465,000
- Retail
- $1,775,000
- Mixed-Use
- $2,145,000
- Hospitality
- $2,410,000
- Educational
- $1,770,000
- Residential Income
- $2,085,000
- Energy
- $2,095,000
- Income-Based Land
- $1,805,000
- Food Service
- $2,420,000
Location Insight
- Map
- Local Demand
- City
- Whittier
- County
- Los Angeles
- State
- California
- Longitude
- -118.037
- Latitude
- 33.9793
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
