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    OFF-MARKET Estimated value $1,135,000
    Strip malls

    50949 Washington St, La Quinta, CA 92253-2890

    6,760 SF 0.85 ac lot Built 1995
    Entity Owned 5-yr Hold Absentee Owner Free & Clear
    Property ID
    US09-0799425
    Property summary
    AI-generated overview

    This exceptional opportunity presents the chance to acquire a thriving restaurant and wine bar in the heart of La Quinta, California. Located at 50949 Washington Street, within the La Quinta Village shopping center, this Class B property enjoys a prime location across from City Hall. The business is renowned as La Quinta's go-to destination for breakfast and brunch, boasting a menu featuring locally sourced, high-quality, organic ingredients, including vegan options alongside traditional fare. A diverse beverage selection complements the menu, including unique teas, lattes, beers, and wines. Currently operating Monday 8:00 am - 1:30 pm and Thursday-Sunday 8:00 am - 1:30 pm, the business benefits from both charming interior seating and outdoor patio space. Significant sales growth potential exists through expanded operating hours. This asset sale includes all furniture, fixtures, and equipment (FF&E), a Type 41 liquor license, recipes, and the assignment of the lease agreement. The sale price encompasses both the restaurant and the owner's established catering business, although the restaurant can be purchased separately. The shopping center's strong tenant mix includes Grocery Outlet, Starbucks, Los Arcos Mexican Food, Basil Thai, Soul of China, and El Toro Loco, ensuring high foot traffic and visibility. This is a turnkey operation ready for a new owner to capitalize on its existing success and substantial growth potential. The property is situated at the Northwest corner of Washington Street and Calle Tampico.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 1995
    Construction WOOD
    Total area 6,760 SF
    Lot 0.85 ac (37,026 SF)
    APN 770-020-016
    UPID US09-0799425
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Luxury Leasing Inc. Vacation Rental Real Estate Agency
    • Beautiful Day Restaurant Cafe & Coffee Shop
    • Dr. David Ting Dental Office
    • Royalty Pressure Washing General Contractor Renovation Specialist
    • Great Clips Hair Salon
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $1.31M
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.14M
    Owner & transaction history
    Lq Investments LP · 5 yrs held
    Lq Investments LP
    since 2021
    4 recorded transactions
    2021
    2001
    2000
    1997
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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