Property Details for 5020 19 1/2 Ave

Lot size

0.75 lot acres

Property size

6,804 SF

Property type

Retail properties & Spaces

Property subtype

Restaurants

Description

This exceptional investment opportunity presents a fully operational, turnkey bar and a separate apartment building situated on a 0.75-acre lot in Riverdale, CA. The bar, encompassing approximately 5,600 square feet, boasts a recently remodeled interior featuring a state-of-the-art, fully operational kitchen equipped with multiple refrigerators and freezers, a large open area perfect for patrons, a hood range, and two restrooms. All existing furniture, fixtures, and equipment (FF&E) are included in the sale price of $800,000. Adjacent to the bar is a 1,500-square-foot apartment building, constructed in 2014 and completely renovated in 2022. This three-bedroom, one-bathroom unit includes an open kitchen/living area and offers both private and shared access points with the bar. The property features a fully fenced parking lot with ADA-compliant spaces, providing ample parking for both the bar and apartment. The combined property offers a unique opportunity for an owner-user or value-add investor, with the potential for significant returns. The property's prime location off Highway 41 and Excelsior Avenue, along with its recent renovations and included FF&E, makes this a highly attractive investment. The property's Assessed Parcel Numbers (APN) are 004-070-049 & 004-070-050. The property is ideally suited for an SBA loan with only a 10% down payment.

Location Insight

City

Riverdale

County

Kings

State

California

Longitude

-119.809

Latitude

36.4018