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Property profile & analytics
OFF-MARKET
Bars & Pubs

21375 Main St Lakehead, CA 96051

925 SF 0.47 ac lot Built 1953
Individually Owned 3-yr Hold ~ Est. High Equity
Property ID
US09-3556397
Property summary
AI-generated overview

This exceptional opportunity presents the historic Klub Klondike, a cherished Lakehead establishment operating for over 75 years. Known affectionately as "The Best Dive on I-5," this iconic bar and restaurant has recently undergone renovations, seamlessly blending its original character and charm with modern amenities. Its prime location along I-5, situated between Shasta Lake and Mount Shasta, ensures excellent signage and high visibility, attracting a steady stream of customers. The property encompasses a substantial 3,360 square feet, including a fully operational bar and restaurant area. Adding to its income-generating potential is an attached 2-bedroom, 1-bathroom apartment, providing additional rental income. Furthermore, the property includes RV spaces complete with full hookups, offering further revenue streams and expansion possibilities on the spacious land behind the building. A paved turnaround area caters to RVs and semi-trucks, enhancing convenience and accessibility. The sale includes a valuable 47 liquor license, a significant asset for continued operation and profitability. This turnkey business presents a rare chance to acquire a well-established, high-visibility property with multiple income streams and significant growth potential in a desirable location.

Property profile
Verified
Property type Bars & Pubs
Use group NIGHTCLUB (COCKTAIL LOUNGE)
Year built 1953
Construction WOOD
Total area 925 SF
Lot 0.47 ac (20,473 SF)
Zoning code MU
APN 082-260-010-000
UPID US09-3556397
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Klub Klondike Bar and Restaurant Restaurant
  • Klub Klondike Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Dan Alan Thompson · 3 yrs held
Dan Alan Thompson
since 2023
Last sale
$160,000
7 recorded transactions
2023
$160,000
2022
$158,470
2015
$7,500
2005
$205,000
2004
Price N/A
2004
Price N/A
2003
$130,000
Zoning & alternative use
MU · Lakehead, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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