Mowry School Rd, Newark, CA 94560
This exceptional investment opportunity presents one of the Bay Area's largest banquet and party halls, strategically located near the 880 Freeway in Newark, California. The property boasts a substantial 6.17-acre lot and encompasses a fully operational restaurant, perfectly complementing the expansive event space. The impressive kitchen is designed to cater to large-scale events, easily handling 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 makes it ideal for weddings, corporate functions, conferences, and other large gatherings. The property also features ample parking, ensuring convenient access for both guests and staff. This turnkey operation offers significant potential for growth and profitability in a high-demand market. The asking price for this remarkable property is $1,000,000. This represents a unique chance to acquire a well-established and highly successful event venue with significant capacity and established infrastructure. The property's prime location and extensive amenities make it a truly exceptional investment opportunity. Serious inquiries only.
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
Similar Nearby for Lease
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.