Property profile

314 Center St Taft, CA 93268

FOR SALE
Turn key restaurants
Property ID
US09-0494289
2,731 SF 0.07 ac lot Built 1918
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional business opportunity presents a substantial 2,731 square foot building ideally situated at 314 Center Street in Taft, California. The property boasts a rich history, having served as a thriving restaurant for over half a century. Currently vacant, this building is ready for its next chapter. The expansive space includes a large kitchen area complete with a 16-foot hood, ample storage, and two bathrooms. The layout comfortably accommodated approximately 50 diners with existing tables and booths, which are included in the sale. A significant advantage is the inclusion of living quarters above the commercial space, featuring four rooms and a third bathroom. This provides a unique opportunity for owner-occupancy or additional rental income. While the property requires some updates, including new flooring and kitchen equipment, the substantial size and existing infrastructure offer significant potential for a variety of uses. The building's location benefits from a public parking lot directly across the street, ensuring convenient access for customers. Note that the adjacent building at 312 Center Street is also available for purchase. The seller is willing to consider carrying a short-term mortgage with a 30% down payment. The lot size is 0.07 acres. The asking price is $205,900.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1918
Construction WOOD
Total area 2,731 SF
Lot 0.07 ac (3,049 SF)
Zoning code DC
APN 031-030-16-00-2
UPID US09-0494289

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
  • (Bike/Boat/Book/etc) Store Auto Parts Store

Location

314 Center St Taft, CA 93268
Taft metro Census 3500 BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$70k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$75k

Owner & transaction history

since 2021
Last sale
$60,000
2 recorded transactions
2021
$60,000
2019
Price N/A

Zoning & alternative use

DC · Taft, CA
General category COMMERCIAL

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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