Historic Restaurant Building in
401 E Center Ave Visalia, CA
401 E Center Ave, Visalia, CA, 00000
Contact for pricing
For Sale
Contact for pricing
Turnkey restaurant space in a prime downtown location.
Property Size8,222 SF
Lot Size0.29 Acres
Price / SF$206.64
Days on Market323
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 Checked: Jul 16 at 8:47 am
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.
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
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Double LL Steak ...
Restaurant
Similar For Sale Nearby
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.
