401 Magnolia Ave Anaheim, CA 92804
- Community centers
- 4,467 SF
- 0.24 lot acres
Current Use by Public Records
- Mayflower Dumpling Express / Dim Sum Restaurant / Dumpling Restaurant
Property Details for 401 Magnolia Ave
- Lot size
- 0.24 lot acres
- Property size
- 4,467 SF
- Property type
- Community centers
- APN
- 126-041-15
- APU
- 12604115
Description
This thriving Asian fusion restaurant, Mayflower Dumpling Express & Tea Bar, presents a fantastic turnkey business opportunity in the heart of Anaheim. Located on a highly visible freestanding corner lot, this establishment boasts a 4.8-star average rating and a loyal customer base. The restaurant's menu features delicious dumplings, soups, noodles, and teas, appealing to a broad range of diners. The current operational hours are Wednesday through Sunday, 11:00 am to 9:00 pm, a change from previous evening-only hours. Approximately 80% of sales are currently to-go orders, indicating strong potential for further growth and expansion. The sale includes all essential equipment for immediate operation, including a fully equipped kitchen with a hood system, grease trap, and a large commercial refrigerator. This is an asset sale, offering a seamless transition for the new owner. The business is well-established and benefits from a prime location with high car traffic, ensuring continued success. The strong reputation and loyal customer base provide a solid foundation for future growth and profitability. This is an exceptional opportunity for an investor seeking a profitable and established business in a desirable Anaheim location. The property is offered at $99,000.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,275,000
- ML approach
- $1,255,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,330,000
- 6.5%
- $1,225,000
- 7%
- $1,140,000
-
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $2,095,000 Current use
- AUTO REPAIR, GARAGE
- $1,995,000 Change: -5% Conversion: Difficult
- OFFICE BUILDING
- $1,915,000 Change: -9% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $1,820,000 Change: -13% Conversion: Easy
- RETAIL STORES
- $1,695,000 Change: -19% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Anaheim
- County
- Orange
- State
- California
- Longitude
- -117.976
- Latitude
- 33.8269
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
