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Restaurant and Lounge with Apartments
For Sale
$600,000
Pending

429 Modoc Avenue, Tulelake, CA 96134

For sale restaurant and lounge includes full liquor licensing and upstairs 1-bedroom apartments, plus an outdoor beer garden and event space.

Property SizeContact for details
Days on Market336

Property Features for 429 Modoc Avenue

General Information

Standard status Pending
Property subtype Commercial/Industrial

Additional Details

Business Included Yes
Liquor License Yes
Multifamily Units 4
Listing Agency: Keller Williams Realty
Listed By: Cristelle A Milani · License #02237264
Source: Exitrealty
Added: Sep 13, 2025 Changed: Aug 8 Last Checked: Aug 13 at 8:39AM

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 Keller Williams Realty

Investment Insights

Based on property information with market context.

This property is an operating restaurant and lounge, sold together with restaurant furnishings, fixtures, equipment, non-personal investments, and point-of-sale systems, along with California Lottery systems. The bar features a unique bar and back bar from a San Francisco club, pool table, table seating, and an outside beer garden. The restaurant portion includes an event-oriented setup that has hosted multiple events for offices, clubs/associations, and holidays.

The sale includes a full liquor license package described as a Type 47 with a Type 58-related attachment. The Type 47 is described as allowing beer and wine to be sold for take-home use under ABC rules, while Type 58 allows alcohol to be served at catered events anywhere in California, subject to additional ABC permit timing and fees. The remarks also state that Siskiyou County is not currently issuing licenses for hard alcohol. Transfer processes for ABC and California Lottery are part of the transaction, with escrow 90+ days noted by the sellers.

Upstairs, the building includes four 1-bedroom, 1-bath apartments with kitchens, totaling 20+ rooms and four additional baths. An upstairs occupant is performing maintenance. The roof is reported to need repair or replacement, and the buyer is expected to complete due diligence. The property is being offered for sale as a combined food-and-lodging operation with residential income in the same building.

Key Highlights

  • Mike and Wanda’s Restaurant and Lounge for sale with full liquor licensing plus restaurant and lounge business assets
  • Full Liquor Lic. type 47 with type 58 attachment included (beer and wine off sale allowed; catering alcohol service statewide with addl. ABC permit/10‑day period & fee)
  • Includes restaurant/lounge FF&E, non‑permanent investment items, CA Lottery system, and POS system

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Auto Repair Shop Storage Facility (Bike/Boat/Book/etc) Store Parking Lot & Garage Dental Office Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
Turnkey business
Opportunity
Yes
Liquor license

Location Intelligence

Trade Area within ½ mile

98
Businesses Nearby
Well-served
Demand for This Use

Demographics for 96134, CA

2,028
Population
1,031
Households
2
Avg Household Size
40
Median Age
18%
College-Educated
79%
High-School Grad
329.5 sq mi
ZIP Area
6
Density / Sq Mi
$47,609
Median Household Income
$34,853
Median Earnings
$718
Median Rent
$162,800
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - For sale restaurant and lounge includes full liquor licensing and upstairs 1-bedroom apartments, plus an outdoor beer garden and event space.
Where is this conventional restaurant located?
The property is located at 429 Modoc Avenue Tulelake, CA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Mike and Wanda’s Restaurant and Lounge for sale with full liquor licensing plus restaurant and lounge business assets; Full Liquor Lic. type 47 with type 58 attachment included (beer and wine off sale allowed; catering alcohol service statewide with addl. ABC permit/10‑day period & fee); Includes restaurant/lounge FF&E, non‑permanent investment items, CA Lottery system, and POS system
More about this property
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