Property profile

645 5th St Lincoln, CA 95648

OFF-MARKET
Turn key restaurants
Property ID
US09-7024992
12,800 SF 0.15 ac lot Built 1864
Individually Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 12,800-square-foot commercial property, located at 645 5th Street in Lincoln, California, presents a unique owner-user or investment opportunity. Originally built in 1864 and extensively renovated in 2000, this two-story building with a third-floor loft boasts a rich history, having served as an Odd Fellows lodge, Beermann's Brewery, and most recently, Oliver's Brewhouse and Grill (until May 2023). The 2000 renovation brought the property up to current building codes, including structural, electrical, plumbing, sewer, and HVAC upgrades, ensuring ADA compliance. The property sits on a 0.15-acre lot in a prime location, just steps from Lincoln Boulevard, a thoroughfare with over 25,000 vehicles per day. Currently configured as a restaurant/brewery, it features a spacious ballroom and event space, multiple well-equipped kitchens (including a pizza oven), a fully functional brewery with ten fermentation tanks, a cigar lounge, two bars, four customer bathrooms, two employee bathrooms, and four walk-in freezers. The building's custom woodwork adds to its historic charm. A fully serviced elevator enhances accessibility. Lincoln's strong residential growth, fueled by developments like Sun City Lincoln Hills and Bickford Ranch, creates a robust market for this versatile property. Its location in the Central Valley, near Sacramento, provides access to a thriving local economy and a growing population. This property offers a blend of historical significance, prime location, and strong market dynamics, making it an ideal investment for those seeking to capitalize on Lincoln's expanding residential sector and vibrant community. The property is zoned C and has an APN of 008-146-001-000. The asking price is $2,100,000.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1864
Construction TILT-UP CONCRETE
Total area 12,800 SF
Lot 0.15 ac (6,720 SF)
Zoning code C1
APN 008-146-001-000
UPID US09-7024992

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
  • Physician

Location

645 5th St Lincoln, CA 95648-1846
Lincoln metro Census 21401 SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$725k
CAP Approach CAP
by Request
Comparable Approach Comparable
$786k
Blend (final) Blend
$720k

Owner & transaction history

since 2022
Last sale
$927,500
7 recorded transactions
2022
Price N/A
2019
Price N/A
2018
$927,500
2017
$2.0M
2016
$2.2M
1999
Price N/A
1999
$675,000

Zoning & alternative use

C1 · Lincoln, CA

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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