796 Evan Hewes Hwy El Centro, CA 92243
This exceptional turnkey business opportunity presents the Old Eucalyptus Schoolhouse, a renowned banquet facility in El Centro, CA. Located at 796 W Evan Hewes Hwy, 92243, this 13,160 square foot property sits on a 170,755 square foot lot (APN: 064-460-011-000). Built in 1907, this single-story building boasts a rich history, having operated successfully as both The Desert Rose Saloon and the current Old Eucalyptus Schoolhouse. The property includes indoor seating for up to 500 guests, with place settings for 700, a fully equipped kitchen and bar, and a manager's apartment. Recent upgrades include a Title 22 compliant water system, fresh interior paint, new carpeting, multiple AC units, and extensive interior and exterior maintenance. All fixtures, equipment, the business name, a Type 47 ABC license, a high-quality sound system, and laser lighting are included in the sale. The business currently caters to a wide range of events, including weddings, quinceañeras, and corporate functions, with bookings returning to pre-pandemic levels and showing consistent monthly growth. The asking price is $1,995,000 ($151.60/sq ft). This is a rare opportunity to acquire an established, profitable business with significant growth potential in the Imperial Valley.
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Old Eucalyptus Schoolhouse Wedding Service
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.