Current Use by Public Records
- Retail properties & Spaces
Property Details for 26955 Ca-1
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This exceptional hospitality property, located at 26955 CA-1 in Tomales, California (zip code 94971), presents a lucrative investment opportunity. Priced at $2,400,000, this established business boasts a strong 6.31% cap rate and a net operating income (NOI) of $167,153. The property features a long mahogany bar, a fully equipped restaurant, and a spacious dining area complemented by an inviting outdoor patio. Adding to its versatility, the property includes short-term rental rooms, providing diverse revenue streams. Ample parking is available for patrons and guests. A significant advantage is the inclusion of a Type 48 liquor license, already in place and transferable with the sale. This turnkey operation offers immediate income potential and significant upside for a savvy investor looking to capitalize on the thriving hospitality market in Marin County. The property's prime location in Tomales, CA, ensures high visibility and accessibility. This is a rare chance to acquire a well-established and profitable business with significant growth potential. The square footage is currently under review and will be updated shortly.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Tomales
- County
- Marin
- State
- California
- Longitude
- -122.905
- Latitude
- 38.2459
