Property profile

701 W Broadway St Needles, CA 92363

FOR SALE
Commercial real estate
Property ID
US10-1443088
1,400 SF 0.34 ac lot Built 1958
Individually Owned 5-yr Hold
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Property summary

AI-generated overview

This iconic restaurant building, formerly the Burger Hut, is situated on a substantial 0.34-acre corner lot (15,000 square feet) in the heart of downtown Needles, CA. The 1,400 square foot building presents a fantastic opportunity for a new business venture. Recent upgrades include a new roof, updated windows, and new fencing. Plumbing is nearly complete, and a new air conditioning unit is already installed. The property benefits from its prime location, offering endless possibilities for a variety of commercial uses. The seller is particularly keen to see the Burger Hut legacy revived, but the building's versatility allows for a wide range of entrepreneurial pursuits. This is a turn-key opportunity for an ambitious business owner looking to establish themselves in a vibrant downtown setting. The building's solid foundation and recent improvements minimize upfront investment, allowing you to focus on building your business. The large lot provides ample space for outdoor seating, parking, or expansion. Don't miss this chance to own a piece of Needles' history and shape its future. Priced at $225,000.

Property profile

Verified
Property type Commercial real estate
Year built 1958
Total area 1,400 SF
Lot 0.34 ac (14,810 SF)
UPID US10-1443088

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

701 W Broadway St Needles, CA 92363
Needles metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2021
2 recorded transactions
2021
$115,000
2018
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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