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    Investment properties

    Mowry School Rd, Newark, CA 94560

    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 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.

    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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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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