16236 Main St Guerneville, CA 95446
- Bars
- 2,209 SF
- 0.05 lot acres
Current Use by Public Records
- Bars
Property Details for 16236 Main St
- Year built
- 1945
- Construction
- WOOD
- Lot size
- 0.05 lot acres
- Property size
- 2,209 SF
- Property type
- Bars
- APN
- 070-030-047-000
- APU
- 70030047000
Description
This exceptional opportunity presents the chance to acquire a piece of Guerneville history: Pat's International Restaurant, a beloved landmark at 16236 Main Street. Established in 1940 and under the same family ownership since 1944, this 2209 square foot restaurant boasts a rich 71+ year legacy within the vibrant Russian River community. The property sits on a 0.05-acre lot and is currently operating as a successful upscale diner with an international flair, offering a diverse menu of classic and specialty dishes. The established clientele and prime location provide a strong foundation for continued success. The spacious interior offers ample seating and versatile areas, presenting significant potential for expansion and diversification. Imagine the possibilities: introducing live music, hosting comedy shows, or creating a unique venue for corporate events and private parties. This turnkey business is priced at $1,500,000 and represents a rare chance to own a thriving restaurant with immense potential for growth and innovation within a thriving community. The property's history and established reputation offer a unique and compelling investment opportunity.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $350,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $415,000
- 6.5%
- $420,000
- 7%
- $420,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $370,000
- Geo Method
- $425,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $365,000
- Retail
- $460,000
- Mixed-Use
- $475,000
- Hospitality
- $450,000
- Educational
- $385,000
- Residential Income
- $425,000
- Energy
- $370,000
- Income-Based Land
- $460,000
- Food Service
- $425,000
Location Insight
- Map
- Local Demand
- City
- Guerneville
- County
- Sonoma
- State
- California
- Longitude
- -122.998
- Latitude
- 38.5022
- CBSA code
- 42220
- CBSA name
- SANTA ROSA-PETALUMA, CA METROPOLITAN STATISTICAL AREA