Established Restaurant Building on
30990 CA-190 Porterville, CA 93257
30990 CA-190, Porterville, CA, 93257
Contact for pricing
For Sale
Contact for pricing
Pending
Freestanding restaurant with highway exposure, RV hookups, and lake views.
Property Size2,450 SF
Lot Size3.01 Acres
Days on Market1345
Property Features for 30990 CA-190
General Information
- Standard status
- Pending
- Size
- 2,450 SF
- Lot size
- 3.01 Acres
- Property subtype
- Retail
Listing agency
C21 Commercial
(559) 432-5533
Listed by
Jared Ennis · License #CA
Source
Crexi
Added: Nov 15, 2022 Updated: Jul 6 at 8:40AM Checked: Jul 21 at 2:59AM
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 C21 Commercial
Investment Insights
Based on property information with market context.
This established freestanding restaurant building is located in Porterville and offers highway exposure. The property consists of three buildings situated on approximately 3.0079 acres. Antlers, a local restaurant, has been in business for 47 years and is known for its beer, wine, and liquor selection. The bar menu includes tri-tip sandwiches, burgers, tacos, and soups. The restaurant features 12 bar stools, indoor and outdoor seating, and two pool tables with TVs for sports viewing. A two-year-old well with a 2-inch line is reported to be in good working condition. The property offers views of Lake Success, Old Horn Cove, and River Island Country Club. RV hookups are available, and there are three meters, with each tenant responsible for their own utilities. The building size is 2450 square feet.
Key Highlights
- Established freestanding restaurant (Antlers) operating for 47 years with strong local reputation.
- Includes (3) buildings on a ±3.0079 Ac lot with Highway 190 exposure.
- Full bar with beer, wine, and liquor license, plus a diverse food menu.
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 | $73.5k | $30.00 |
| − Vacancy | −$4.0k | −$1.65 |
| EGI | $69.5k | $28.35 |
| − OpEx | −$17.4k | −$7.09 |
| NOI | $52.1k | $21.26 |
2,450 SF · lease $30.00/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$744.2K
$651.2K – $868.2K
NOI $52,093 @ 7.0% cap · market cap 8.01%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Bars & Pubs
Similar For Sale Nearby
FAQs
What type of property is this?
Bar & Pub - Freestanding restaurant with highway exposure, RV hookups, and lake views.
Where is this bar & pub located?
The property is located at 30990 CA-190 Porterville, CA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Established freestanding restaurant (Antlers) operating for 47 years with strong local reputation.; Includes (3) buildings on a ±3.0079 Ac lot with Highway 190 exposure.; Full bar with beer, wine, and liquor license, plus a diverse food menu.
