For Sale
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Property summary
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
VerifiedCap rate & NOI
Current use
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(Bike/Boat/Book/etc) Store Auto Parts Store
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Taft market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
DC · Taft, CAZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for DC in Taft, CA.
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