Little Manuel's 1509 A St

Investment Highlights

Established business, corner lot Banquet Room Full Bar

Executive Summary

well-established (42 years) corner lot restaurant located on a main thoroughfare in Antioch Ca. The current restaurant offers both take out and dine in options, there is also a banquet hall attached that can seat up to 175 people. 24 on-site parking spaces with additional street parking on the West and North sides.The lot size is 26,638 sq ft (.6115 acres). The building footprint is 10,410 sq ft, the total building size is 11,449; there are three 1 bed /1 bath apartments above the restaurant.Great value-add opportunity for the buyer to renegotiate the current month-month lease with the restaurant tenant, and renovate/increase the rents of the 3 upstairs apartments.

• Sale Type    Investment or Owner User
• Sale Condition    Business Value Included
• Property Type    Retail
• Property Subtype    Restaurant Restaurant General Retail Bar General Retail Fast Food Restaurant
• Building Size    11,449
• Building Class    C
• Year Built    1940
• Price    1,599,000
• Price Per SF    140
• Cap Rate    9.01
• NOI    144,000
• Business Value    1,599,000
• Percent Leased    100
• Tenancy    Multiple
• Building Height    1 Story
• Building FAR    0.42
• Land Acres    0.63 AC

• Corner Lot
• Restaurant