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    215 Reservation Rd Marina, CA 93933-3059

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    215 Reservation Rd Marina, CA 93933-3059


    • Community centers
    • 9,113 SF
    Off-Market
    Last Sale Jul 13, 2023
    $16,700,000
    Property ID
    US09-2605366
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $15,180,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by 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

    Property Details for 215 Reservation Rd

    Year built
    1965
    Construction
    WOOD
    Property size
    9,113 SF
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    032-055-015-000
    APU
    32055015000

    Description

    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.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $16,920,000
      ML approach
      $10,395,000

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Marina
    County
    Monterey
    State
    California
    Longitude
    -121.798
    Latitude
    36.6877
    CBSA code
    41500
    CBSA name
    SALINAS, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $133,667
    $5,151,000
    $6,902,340
    $12,053,340
    -
    $0.00
    $0.00
    $0.00
    More about this property
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