123 Call Broker For It Glendale, CA 91205
- Commercial real estate
- 13,500 SF
- 10.00 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 123 Call Broker For It
- Year built
- 1971
- Lot size
- 10.00 lot acres
- Property size
- 13,500 SF
- Property type
- Commercial real estate
Description
This exceptional 13,500-square-foot banquet hall and restaurant in Glendale, CA, is available for sale at $4,500,000. Located on a 10-acre lot, this Class B property boasts a 100% occupancy rate and features multiple versatile event spaces. Built in 1971 and extensively renovated in 2022, the property includes four indoor halls with capacities ranging from 60 to 300 guests, and three outdoor gazebos accommodating 60, 80, and 200 guests respectively. The property operates under a NNN lease structure with single tenancy. This established business enjoys a strong reputation, recognized for its elegant ambiance and exquisite dining. The sale includes both the business and the real estate. The property is situated in Los Angeles County, CA, zip code 91205. This is a unique opportunity to acquire a thriving, high-capacity venue with significant earning potential. The price per square foot is $333.33. This turnkey operation is ready for a new owner to continue its legacy of success. The property's prime location and established reputation make it an attractive investment for discerning buyers. The sale price reflects the combined value of the business and the real estate.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Glendale
- County
- Los Angeles
- State
- California
- Longitude
- -118.247
- Latitude
- 34.1337
