Historic Restaurant Building in
For Sale
Contact for pricing
401 E Center Ave, Visalia, CA
Turnkey restaurant space in a prime downtown location.
Property Size8,222 SF
Lot Size0.29 Acres
Price / SF$206.64
Days on Market339
Property Features for 401 E Center Ave
General Information
Standard status
Active
Size
8,222 SF
Lot size
0.29 Acres
Property subtype
RETAIL
Listing Agency:
Graham & Associates
(559) 754-3020
Listed By:
Joe Silva · License #01225765
Source:
Moodyscre
Added: Aug 28, 2025
Changed: Jul 6
Last Checked: Jul 21 at 5:11AM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
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
NOI $125,737 @ 7.0% cap · market cap 7.40%
Second Best
Retail
$1.68M
$1.47M – $1.96M
NOI $117,355 @ 7.0% cap · market cap 6.91%
Theoretical Best
Office A
$2.25M
$1.97M – $2.63M
NOI $157,665 @ 7.0% cap · market cap 9.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
134
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
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.
