Property profile

50949 Washington St La Quinta, CA 92253

OFF-MARKET
Strip malls
Property ID
US09-0799425
6,760 SF 0.85 ac lot Built 1995
Entity Owned 5-yr Hold Absentee Owner Free & Clear
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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

Current use

Occupant on record · Public records
  • Vacation Rental Real Estate Agency
  • Restaurant Cafe & Coffee Shop
  • Dental Office
  • General Contractor Renovation Specialist
  • Hair Salon

Location

50949 Washington St La Quinta, CA 92253-2890
La Quinta metro Census 45120 RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
Google Maps

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

since 2021
4 recorded transactions
2021
Price N/A
2001
Price N/A
2000
Price N/A
1997
Price N/A

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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