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Property profile & analytics
OFF-MARKET
Investment properties

Mowry School Rd Newark, CA

6.17 ac lot Built 1986
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents one of the Bay Area's largest banquet and party halls, strategically located off Highway 880 in Newark, California. The property boasts a substantial 6.17-acre lot and encompasses a fully operational restaurant, perfectly complementing the extensive event space. The expansive kitchen is designed to handle large-scale catering, easily accommodating up to 3,000 guests. Four generously sized guest halls provide a combined 32,000 square feet of event space, with a total capacity of 1,490 guests. This impressive facility is equipped to handle a wide range of events, from weddings and corporate functions to large-scale celebrations. Ample parking is available for both guests and staff, ensuring convenient access and a seamless event experience. The property's central location and significant capacity make it an ideal investment for entrepreneurs seeking a high-volume, established event venue in a thriving market. The asking price for this turnkey operation is $1,000,000. This represents a unique opportunity to acquire a well-established and highly profitable business in a prime location. The property's size and amenities offer significant potential for growth and expansion.

Property profile
Verified
Property type Investment properties
Year built 1986
Lot 6.17 ac (268,765 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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