For Sale
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Property summary
This exceptional Eureka, CA restaurant presents a unique investment opportunity. Situated on a 0.96-acre lot at 1901 Buhne St (APN 305-092-009-000), this established business boasts 3,453 square feet in a single-story building constructed in 1990. The property is zoned commercial CR/F and offers unmatched views of Humboldt Bay, including dock access. Currently operating 5 days a week for breakfast and lunch, the restaurant has significant expansion potential, including extending hours to seven days and adding dinner service. The substantial paved parking lot, outdoor patio, and additional space (including a second office and canning/processing area) provide ample room for growth. The high visibility location and established clientele create a strong foundation for continued success. The asking price is $2,250,000, representing a price per square foot of $651.61 and a 7.11% cap rate with a current NOI of $160,000. This is a rare chance to acquire a thriving business with exceptional waterfront views and significant upside potential in a desirable location. The property's versatility allows for multiple development options, making it an attractive investment for both owner-users and investors seeking a high-return opportunity. This turnkey operation is ready for a new owner to capitalize on its existing success and unlock its full potential.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Derived from the South market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
CR/F · Eureka, CAZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CR/F in Eureka, CA.
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