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    Historic Restaurant Building in Visalia Title is generated by Realmo AI

    401 E Center Ave, Visalia, CA

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    Turnkey restaurant space in a prime downtown location.

    Type:RETAIL
    Property size:
    8,222 SF
    Lot size:
    0.29 Acres
    Price / SF:
    $206/SF
    Added:
    Aug 28, 2025
    Days on Market:
    291
    Last Refresh:
    May 20 at 8:06 pm

    Property Features for 401 E Center Ave

    General Information

    Standard status
    Active
    Size
    8,222 SF
    Lot size
    0.29 Acres
    Property subtype
    RETAIL

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    Listing Contact
    Joe Silva
    Joe Silva

    Listing agent Joe Silva License #01225765

    Listing office Graham & Associates

    Listing date Aug 28, 2025

    Source Moodyscre

    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 Graham & Associates

    HighLights

    • Primely located historic restaurant building in downtown Visalia.
    • Turnkey restaurant space with existing equipment included in the sale.
    • Rare opportunity for an owner‑user to establish a new business.
    • Liquor License and bar inventory available for separate purchase.
    • Walking distance to downtown restaurants, financial institutions, and shopping.
    • Formerly Double L Restaurant.

    Overview

    This is a rare opportunity to acquire a historic restaurant building in downtown Visalia. The property, formerly the Double L Restaurant, is primely located and offers a turnkey restaurant space. The sale includes all existing equipment. The property is within walking distance of downtown restaurants, financial institutions, and shopping. The building has a size of 8222 square feet and could be a perfect opportunity for an owner user to establish a new business in the location.

    Local Financial Insights For Specialty Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $177.6k $21.60
    − Vacancy −$9.9k −$1.21
    EGI $167.6k $20.39
    − OpEx −$41.9k −$5.10
    NOI $125.7k $15.29
    8,222 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $1.80M
    $1.57M – $2.10M (±1% cap)
    NOI $125,737 @ 7.0% cap · market cap 7.40%
    Second Best
    Retail
    $1.68M
    $1.47M – $1.96M (±1% cap)
    NOI $117,355 @ 7.0% cap · market cap 6.91%
    Theoretical Best
    Office A
    $2.25M
    $1.97M – $2.63M (±1% cap)
    NOI $157,665 @ 7.0% cap · market cap 9.28%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Double LL Steak ... Restaurant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Visalia
    County
    Tulare
    State
    California
    Longitude
    -119.289
    Latitude
    36.3308

    FAQs

    What type of property is this?
    Turn key restaurant - Turnkey restaurant space in a prime downtown location.
    Where is this turn key restaurant located?
    The property is located at 401 E Center Ave Visalia, CA.
    What is the asking price?
    The asking price for this property is $1,699,000.
    What are key features of this property?
    This property features: Primely located historic restaurant building in downtown Visalia.; Turnkey restaurant space with existing equipment included in the sale.; Rare opportunity for an owner‑user to establish a new business.
    (559) 754-3020 Call to check price and availability
    More about this property
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