9705 Main StLamont, CA 93241

Property Details for 9705 Main St

Year built

1956

Construction

WOOD

Lot size

0.15 AC

Property size (Sq ft)

3,000 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

188-031-19-00-1

APU

18803119001

Description

This exceptional business opportunity presents a fully operational and highly popular restaurant and bar located at 9705 Main Street in Lamont, California. The 3,000 square foot establishment boasts a well-maintained interior with recent upgrades, creating a welcoming atmosphere for patrons. A key asset is the inclusion of both a beer/wine and liquor license, a significant advantage for continued and expanded operations. The property also features an attractive outdoor area, perfect for hosting events and providing additional seating for diners, enhancing the overall customer experience and revenue potential. The business is situated on a 0.15-acre lot. This offering presents a unique dual opportunity: the business itself is priced at $650,000. Alternatively, the real property, encompassing the restaurant and an adjacent 12-room motel, is available for purchase at $1,200,000. A third option exists for leasing the restaurant and the motel parking lot for a monthly rental fee of $8,000. This versatile offering caters to various investment strategies, providing flexibility for potential buyers seeking either a profitable business acquisition or a combined real estate and business venture. The location in Lamont, CA offers strong potential for continued success.

• CAP approach

  CAP return

  Valuation

  6%

  $1,256,562

  6.5%

  $1,159,903

  7%

  $1,077,053

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,437,610

  Geo Method

  $1,437,610

• Alternative Use

  Use

  Valuation

  Residential

  $978,422

  Hospitality

  $896,229

  Educational

  $745,652

  Medical

  $771,296

  Retail

  $1,159,903

Location Insight

City

Lamont

County

Kern

State

California

Latitude

35.2664

Longitude

-118.914

CBSA code

12540

CBSA name

BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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