Restaurant Building with
For Sale
$695,000
6735 State Highway 254, Miranda, CA 95553
Includes a fully equipped restaurant, commercial kitchen, ADA restroom, rear event area, and a 2-bedroom residence.
Property Size3,600 SF
Price / SF$193.06
Days on Market104
Property Features for 6735 State Highway 254
General Information
Standard status
Active
Size
3,600 SF
Additional Details
Furnished
Yes
Business Included
Yes
Amenities
commercial kitchen
dining areas
ADA restroom
rear event area
Listing Agency:
C.B. Commercial Pacific Partners Real Estate
Listed By:
JB Mathers · License #01872025
(707) 442-2222
Source:
Exprealty
Added: Jul 21
Changed: Oct 25
Last Checked: Oct 30 at 3:18PM
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 C.B. Commercial Pacific Partners Real Estate
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Investment Insights
Based on property information with market context.
This commercial property includes an approximately 3,600-square-foot restaurant building with a fully equipped commercial kitchen and multiple dining areas. The layout also features an ADA restroom and a spacious rear event area. In addition, the property includes a 2-bedroom, 1-bath residence on-site.
The Redwood Palace currently serves dinner four nights per week along the Avenue of the Giants in Miranda. The sale includes the land, building, business, furniture, fixtures, equipment, and applicable licenses.
With on-site living and the ability to host events in the rear area, the configuration supports day-to-day restaurant operations from a single property while maintaining residential space for an operator or employee housing.
The Redwood Palace currently serves dinner four nights per week along the Avenue of the Giants in Miranda. The sale includes the land, building, business, furniture, fixtures, equipment, and applicable licenses.
With on-site living and the ability to host events in the rear area, the configuration supports day-to-day restaurant operations from a single property while maintaining residential space for an operator or employee housing.
Key Highlights
- Approximately 3,600 sq. ft. commercial building on the Avenue of the Giants in Miranda
- Fully equipped restaurant with commercial kitchen and dining areas
- Includes ADA restroom and spacious rear event area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,002
Cap Rate
3.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$420,040
$420.0K
Cap Rate 7%
$300,029
$300.0K
Cap Rate 9%
$233,356
$233.4K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$32.4K $9.00/SF
− Vacancy
−$2.4K −$0.67/SF
EGI
$30.0K $8.33/SF
− OpEx
−$9.0K −$2.50/SF
NOI
$21.0K $5.83/SF
Area
Humboldt County, CA
Vacancy
7.40%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$420,040
Cap Rate 7%
$300,029
Cap Rate 9%
$233,356
Alternative Uses
Best Use
Specialty Retail
$1.29M
$1.13M – $1.50M
NOI $90,095 @ 7.0% cap · market cap 12.96%
Second Best
Industrial
$300.0K
$262.5K – $350.0K
NOI $21,002 @ 7.0% cap · market cap 3.02%
Theoretical Best
Flex RnD
$1.36M
$1.19M – $1.59M
NOI $95,166 @ 7.0% cap · market cap 13.69%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
47
Businesses Nearby
Explore this area
Business Placement
Demographics for 95553, CA
1,054
Population
464
Households
2.3
Avg Household Size
44
Median Age
21%
College-Educated
76%
High-School Grad
70.2 sq mi
ZIP Area
15
Density / Sq Mi
$41,650
Median Household Income
$22,704
Median Earnings
$437,900
Median Home Value
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Includes a fully equipped restaurant, commercial kitchen, ADA restroom, rear event area, and a 2-bedroom residence.
Where is this conventional restaurant located?
The property is located at 6735 State Highway 254 Miranda, CA.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Approximately 3,600 sq. ft. commercial building on the Avenue of the Giants in Miranda; Fully equipped restaurant with commercial kitchen and dining areas; Includes ADA restroom and spacious rear event area
