30990 Ca-190 Porterville, CA 93257
This exceptional turnkey restaurant opportunity in Porterville, CA, presents a rare chance to acquire a highly established business with significant upside potential. Located on Highway 190, this property boasts three buildings totaling 2,450 square feet situated on a 3-acre lot (APN 284-770-004). The restaurant, a local favorite for 47 years, features a full bar, indoor and outdoor seating, and two pool tables. The menu includes a variety of popular items such as tri-tip sandwiches, burgers, tacos, and soups. The property also includes a two-year-old well with a 2-inch line, RV hookups, and three separately metered utilities. The zoning is PD-F-M. The ample parking lot and surrounding land offer significant expansion possibilities. The property's prime location on a major highway ensures high visibility and traffic flow. Its proximity to Lake Success, Old Horn Cove, and River Island Country Club adds to its appeal. This established business is a strong candidate for an SBA loan, and seller financing may also be available. The asking price is $650,000, with a price per square foot of $265.31. The property was last occupied on November 15, 2022. This is a truly unique opportunity to own a thriving business in a desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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Risks
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