945 Norma St, Ridgecrest, CA 93555-5530
- Retail space
- 5,590 SF
- 0.17 lot acres
Current Use by Public Records
- Palomino Properties / Real Estate Agency
- ATB Travel / Travel Agency / Tour Operator
- Golden Dragon / Restaurant
- Hair Co / Hair Salon / Nail Salon
Property Details for 945 Norma St
- Year built
- 1985
- Construction
- WOOD
- Lot size
- 0.17 lot acres
- Property type
- Retail space
- APN
- 420-020-18-00-1
- APU
- 42002018001
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Feb 13, 2023 | — | Immanuel Properties LLC | Adriana Aracely Arellano | Grant Deed | — |
| Aug 2, 2022 | — | Adriana Aracely Arellano | Adriana A Arellano | Intrafamily Transfer · related | — |
| Mar 28, 2016 | — | Arellano,eliseo A Trust | Arellano,eliseo | Quit Claim Deed · related | — |
Description
Golden Dragon Restaurant, a thriving establishment in Ridgecrest, California, presents a remarkable investment opportunity. This turnkey restaurant has enjoyed a successful 37-year history at its current location, 945 N Norma St, within a vibrant commercial area alongside other profitable businesses. The sale includes all assets necessary for immediate operation: inventory (list forthcoming), machinery, furniture, fixtures, equipment, the fictitious business name, trade name logos, signs, phone numbers, websites, text number, vendor list, and existing computer and software. The business currently occupies three leased spaces totaling 3,315 square feet. Lease terms are net, and negotiations with the building owner are possible for continued tenancy. This is a rare chance to acquire an established, profitable restaurant with a long-standing reputation in a desirable location. The asking price is $99,000. The property is zoned for commercial use and located in Kern County, CA, zip code 93555. This presents a unique opportunity for a seasoned restaurateur or an investor seeking a proven, established business. The sale includes all existing assets, allowing for a seamless transition and immediate commencement of operations. Don't miss this chance to own a piece of Ridgecrest's culinary history.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $920,000
- 6.5%
- $850,000
- 7%
- $790,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $563,000
Market price range: $187k - $564k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $705,000 Current use
- OFFICE BUILDING
- $1,085,000 Change: +54% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $835,000 Change: +18% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $775,000 Change: +10% Conversion: Difficult
- INDUSTRIAL (GENERAL)
- $710,000 Change: +1% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Ridgecrest
- County
- Kern
- State
- California
- Longitude
- -117.679
- Latitude
- 35.6381
- CBSA code
- 12540
- CBSA name
- BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA
