22415 State Hwy 229 Canby, CA 96015
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
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