Operational Bar and Event
For Sale
$895,000
114 W Newgrove, Lancaster, CA 93534
Licensed hospitality property combining wine production, dining, private club space, and indoor-outdoor guest areas.
Property Size2,500 SF
Days on Market51
Property Features for 114 W Newgrove
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Commercial
Restaurant
Hood Type
Type I
Commercial Hood
Yes
Patio
Yes
Equipment Included
Yes
Liquor License
Yes
Additional Details
Business Included
Yes
Utilities to Site
Yes
Building Details
Building Size
2,500 SF
Year Built
1953
Buildings
2
Listed By:
Mari Cardona · License #01880751
(661) 450-1821
Source:
Elliman
Added: Aug 18
Changed: Sep 26
Last Checked: Oct 5 at 7:15PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Mari Cardona
Investment Insights
Based on property information with market context.
This operational hospitality property combines a tasting room, private wine club room, two bars, a certified commercial kitchen, and an on-site bonded winery. The 2,500-square-foot tasting room includes a vineyard mural, while the club room has cave-inspired finishes. A Cruvinet multi-spout nitrogen-preserved wine dispensing system serves the chef’s table area, and the kitchen includes a Type 1 hood. The property also includes winery production equipment and multiple floor sinks.
Outdoor amenities include the Baja Bar patio, which accommodates 200+ guests. Infrastructure includes 600-amp and 400-amp electrical service and commercial gas. The business has an active ABC license, TTB federal bond, DoorDash delivery, 100+ wine club members, and recurring Friday, Saturday, and Sunday programming. A documented SMS and email marketing system with conversion data is also in place.
Outdoor amenities include the Baja Bar patio, which accommodates 200+ guests. Infrastructure includes 600-amp and 400-amp electrical service and commercial gas. The business has an active ABC license, TTB federal bond, DoorDash delivery, 100+ wine club members, and recurring Friday, Saturday, and Sunday programming. A documented SMS and email marketing system with conversion data is also in place.
Key Highlights
- 2,500 SF tasting room with vineyard mural
- Certified commercial kitchen with Type 1 hood
- Federally bonded on‑site winery with production equipment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,778
Cap Rate
5.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$935,560
$935.6K
Cap Rate 7%
$668,257
$668.3K
Cap Rate 9%
$519,756
$519.8K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$66.0K $26.40/SF
− Vacancy
−$3.6K −$1.45/SF
EGI
$62.4K $24.95/SF
− OpEx
−$15.6K −$6.24/SF
NOI
$46.8K $18.71/SF
Area
Lancaster, CA
Vacancy
5.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$935,560
Cap Rate 7%
$668,257
Cap Rate 9%
$519,756
Alternative Uses
Best Use
Specialty Retail
$668.3K
$584.7K – $779.6K
NOI $46,778 @ 7.0% cap · market cap 5.23%
Second Best
Industrial
$434.7K
$380.4K – $507.2K
NOI $30,430 @ 7.0% cap · market cap 3.40%
Theoretical Best
Office A
$785.3K
$687.1K – $916.2K
NOI $54,970 @ 7.0% cap · market cap 6.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Utilities to site
Yes
Commercial hood
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
1,146
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93534, CA
43,906
Population
16,343
Households
2.7
Avg Household Size
34
Median Age
18%
College-Educated
81%
High-School Grad
19.0 sq mi
ZIP Area
2,311
Density / Sq Mi
$58,891
Median Household Income
$44,566
Median Earnings
$1,513
Median Rent
$339,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
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Similar Off Market Nearby
- BIG SHOTZ BAR & GRILL — 227 Pillsbury St, Lancaster, CA 93534
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- BeX Bar & Grill — 706 W Lancaster Blvd, Lancaster, CA 93534
Frequently Asked Questions
What type of property is this?
Bar & Pub - Licensed hospitality property combining wine production, dining, private club space, and indoor-outdoor guest areas.
Where is this bar & pub located?
The property is located at 114 W Newgrove Lancaster, CA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 2,500 SF tasting room with vineyard mural; Certified commercial kitchen with Type 1 hood; Federally bonded on‑site winery with production equipment
