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    Mowry School Rd Newark, CA

    Sponsored
    For Sale
    $1,000,000

    Spacious Event Venue, 32,000 sq ft

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    345
    This exceptional investment opportunity presents one of the Bay Area's largest banquet and party halls, strategically located off Highway 880 in Newark, California. The property boasts a substantial 6.17-acre lot and encompasses a fully operational restaurant, perfectly complementing the extensive event space. The expansive kitchen is designed to handle large-scale catering, easily accommodating up to 3,000 guests. Four generously sized guest halls provide a combined 32,000 square feet of event space, with a total capacity of 1,490 guests. This impressive facility is equipped to handle a wide range of events, from weddings and corporate functions to large-scale celebrations. Ample parking is available for both guests and staff, ensuring convenient access and a seamless event experience. The property's central location and significant capacity make it an ideal investment for entrepreneurs seeking a high-volume, established event venue in a thriving market. The asking price for this turnkey operation is $1,000,000. This represents a unique opportunity to acquire a well-established and highly profitable business in a prime location. The property's size and amenities offer significant potential for growth and expansion.

    Property Features for Mowry School Rd

    General Information

    Property type
    Investment properties
    Lot Size
    268,765 SF

    Building Details

    Year Built
    1986
    Property Profile Location Intelligence

    Current Use by Public Records

    Investment properties

    Map

    City
    Newark
    County
    Alameda
    State
    California
    Longitude
    -121.9911
    Latitude
    37.52358

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    FAQs

    What type of property is this?
    Investment property - Spacious Event Venue, 32,000 sq ft
    Where is this investment property located?
    The property is located at Mowry School Rd Newark, CA.
    What is the asking price?
    The asking price for this property is $1,000,000.
    (510) 796-7900
    Request Owner's contact information
    Mowry School Rd Newark, CA
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    Newark, CA
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Mowry School Rd Newark, CA
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