Mowry School Rd Newark, CA
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.
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.