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281 Fernbridge Dr Fortuna, CA 95540-9790

OFF-MARKET Turn key restaurants Google Maps
1.5 ac lot
Entity Owned 11-yr Hold Absentee Owner ~ Est. High Equity
Estimated value (blended)
$315k
Range $284k – $347k (±10%)
Property ID US10-3167639

Property summary

AI-generated overview

This exceptional turnkey restaurant opportunity in Fortuna, CA, is perfectly situated just off Highway 101, between Eureka, Fortuna, and Ferndale, ensuring high visibility and convenient access for customers. The property boasts a spacious 7,000 square foot building situated on a generous 1.5-acre lot. The interior has been fully remodeled to pristine condition, featuring a large dining room, a massive kitchen fully equipped for efficient operation, a well-appointed bar, a dedicated coffee and ice cream lounge, and a welcoming outdoor patio. Beyond the main restaurant space, the property includes a separate apartment, providing additional living quarters or potential staff housing, and six garage units, offering ample storage or potential expansion possibilities. The sale includes the majority of the existing restaurant equipment, making this a truly turnkey operation ready for immediate use. This is an exceptional opportunity for a restaurateur seeking a well-established and fully equipped location with significant potential for growth. The property's prime location and extensive amenities make it an ideal investment for those seeking a thriving business in a desirable area. The vacant status allows for immediate occupancy and customization to suit the new owner's vision. This is a rare opportunity to acquire a fully operational restaurant with significant added value in a high-traffic area. The asking price is $1,950,000. The property is located at 281 Fernbridge Drive, Fernbridge, CA 95540.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Lot 1.5 ac (65,340 SF)
Zoning code CG
APN 200-042-004-000
UPID US10-3167639

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Restaurant

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$315k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$315k

Owner & transaction history

since 2014
7 recorded transactions
2014
$369,000
2014
Price N/A
2014
$113,382
2011
$400,000
2010
Price N/A
2006
$438,000
2004
Price N/A

Zoning & alternative use

CG · Fortuna, 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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