Property profile

22415 State Hwy 229 Canby, CA 96015

OFF-MARKET
Commercial real estate
6,400 SF 0.1 ac lot Built 1937
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Property summary

AI-generated overview

This exceptional turnkey business opportunity encompasses a charming 9-room inn, a fully equipped restaurant and bar, and a separate 2-bedroom, 1-bathroom home, all situated on a 0.1-acre lot at 22415 State Highway 229 E, Canby, CA. The property boasts 6,400 square feet and is ideally located on a major highway in Modoc County, offering breathtaking views of National Forest land at an elevation of 4,300 feet. The restaurant features a comfortable dining area with seating for 30, a bar with 12 stools, and a fully equipped kitchen including an 8-foot Type 1 hood with fire suppression, two deep fryers, a flattop stove with burners and oven, a refrigerated worktop, ample prep space, microwave, and an under-counter dishwasher. The included Type 47 hard liquor license allows for on-site alcohol sales. A highly valuable separate Off Sale Type 21 license is available for an additional $200,000. Currently closed, this property presents a unique chance for a new owner to revitalize a once-popular establishment and capitalize on its prime location near numerous lakes, a national wildlife refuge, and the Oregon border, attracting tourists traveling along the bustling highway. The seller is open to financing a portion of the sale for well-qualified buyers with good credit. This is a rare opportunity to own a profitable business and enjoy a comfortable country lifestyle in a stunning setting.

Property profile

Verified
Property type Commercial real estate
Year built 1937
Total area 6,400 SF
Lot 0.1 ac (4,356 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

22415 State Hwy 229 Canby, CA 96015
Canby metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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