123 Call Broker For ItGlendale, CA 91205

Property Details for 123 Call Broker For It

Year built

1971

Lot size

10.00 AC

Property size (Sq ft)

13,500 SF

Property type

Other commercial real estate

Property subtype

Investment properties

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.

Location Insight

City

Glendale

County

Los Angeles

State

California

Latitude

34.1337

Longitude

-118.247

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