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Property profile & analytics
FOR SALE
Community centers

215 Reservation Rd Marina, CA 93933

9,113 SF Built 1965
Entity Owned 3-yr Hold Free & Clear
Property ID
US09-2605366
Property summary
AI-generated overview

This exceptional opportunity presents the chance to acquire a well-established and highly profitable Chinese restaurant located at 215 Reservation Road, Marina, CA. Boasting a prime location on a busy commercial street with ample parking, this turn-key operation offers immediate revenue generation. The restaurant features a fully equipped commercial kitchen, comfortable dining area, and all necessary furniture, fixtures, and equipment (FFE). With over a decade of success, Lee's Garden enjoys a loyal customer base and an outstanding reputation built on authentic Chinese cuisine and consistent positive online reviews. Financial records demonstrate strong and consistent profitability, offering excellent profit margins. The 4.55-acre lot provides ample space, and the business presents significant growth potential through expanded delivery services, catering options, or menu updates. This is an ideal acquisition for an experienced restaurateur or a savvy investor seeking a stable and lucrative venture. The asking price is $288,888. Don't miss this chance to own a thriving business in a desirable location.

Property profile
Verified
Property type Community centers
Use group MINI-MALL
Year built 1965
Construction WOOD
Total area 9,113 SF
APN 032-055-015-000
UPID US09-2605366
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
  • Dunecrest Medical Group Medical Clinic
  • Monterey Bay Laundry Co. (Bike/Boat/Book/etc) Store
  • Grinderz Food Market Restaurant
  • Monterey Bay Taekwondo Academy Training Center Sports School
  • Monterey Bay Homes Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$10.40M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$15.18M
Owner & transaction history
PC Fund I Marina Village LLC · 3 yrs held
PC Fund I Marina Village LLC
since 2023
Last sale
$16.7M
5 recorded transactions
2023
$16.7M
2020
Price N/A
2009
Price N/A
2007
Price N/A
1994
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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