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Property profile

18379 Chestnut Ave Tuolumne, CA 95379

OFF-MARKET
Investment properties
Property ID
US09-1367644
1,104 SF 0.09 ac lot
Individually Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity encompasses three contiguous commercial parcels totaling 2.3 acres in the heart of downtown Tuolumne, CA. The property includes three separate buildings, offering a diverse range of possibilities for a savvy investor. The main attraction is the fully furnished, historic Longhorn Steakhouse & Saloon, complete with a wealth of period antiques including an 1880 back bar, jukebox, stage, piano, drum set, and pool table. This well-established business, operating for over 40 years, boasts a full kitchen and restaurant facilities with seating for over 50 patrons. A separate 960 square foot warehouse provides additional storage or expansion potential. One of the buildings also incorporates a mixed-use rental unit, adding to the income stream. The total building square footage is 5,800 square feet. The property's prime downtown location, adjacent to a thriving coffee shop, ensures high visibility and foot traffic. Its proximity to numerous recreational attractions, including casinos, hiking trails, Yosemite National Park, and Dodge Ridge, further enhances its appeal to both locals and tourists. A Type 47-48 liquor license is available for separate purchase. This unique property presents a rare chance to acquire a turnkey business with significant historical charm and substantial growth potential. The combination of established business, ample space, and desirable location makes this an unparalleled investment opportunity in the thriving Tuolumne community.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Total area 1,104 SF
Lot 0.09 ac (3,749 SF)
Zoning code C-1:D:MX
APN 009-131-015-000
UPID US09-1367644

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

18379 Chestnut Ave Tuolumne, CA 95379-9502
Tuolumne metro Census 3200 SONORA, CA MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$130k

Owner & transaction history

since 2021
Last sale
$43,000
2 recorded transactions
2021
Price N/A
2000
$43,000

Zoning & alternative use

C-1:D:MX · Tuolumne, CA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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