Investment Highlights
Executive Summary
Muli-Tenant Building, w/Parking Lot for Sale in Guerneville. Below Market Cost of $125/sf in Sonoma!!! Includes Rental Units, Street Level Liquor-Only License Business, &Full Service Restaurant!RRC# 4552 Location: 16440 4th Street, Guerneville Description:A rare real estate and business opportunity in the popular tourist town of Guerneville within Sonoma County is now for sale. Listed far BELOW MARKET at $125/sf, plus patio and garden space, parking spaces, and parking lot across the street!! The nearly half acre lot is over 20,000sf and includes a separate parking lot with electricity (current tenants have plans for using it seasonally for food trucks) across the street. The ~10,000sf building has two levels. It includes a classic full-service restaurant, and event space, a separate downstairs Bar business that Does Not need to serve food, as a perimeter of their existing Type 47/48 Liquor License. This Liquor License is also for sale, in addition to the list price, if an incoming party would like it to remain. *There is also an opportunity to buy the rundown neighboring building/lot if a Buyer wanted more land to expand. A recent appraisal valued the property over $3million. Currently the restaurant tenants operate the Timberline Restaurant and Appaloosa Bar and live onsite in the property managers unit. A new owner could operate one or both of the existing restaurant or bar onsite, and or lease one or both of these businesses. Nearby lease comps for similar business are renting or roughly $2/sf. The building has Three one-bedroom, one-bathroom units that are fully rented and one manager?s unit onsite, grossing about $6k/month. The property also boasts a large private garden patio area. The space leads itself to large events given the open outdoor area, parking lot, flexible Liquor license, and large open dining areas and lounge areas within. This building built in 1960 has a classic and rustic appeal. There are expansive wood beams, a large stone fireplace and large front facing windows that allow in soft natural light and look outward to the neighborhood. The restaurant has operated under different names for 63 years. The restaurant, banquet and dining rooms, bar(s) and kitchen are fully equipped. The space oozes steakhouse. cabin-like charm, and there has a rich history within this building 63 years of life. At its peak this space was serving well over 300 guests a day, and has hosted countless special occasions, in its Banquet area. The large kitchen has an expansive cooking line with Type 1 Hood and ample food storage. A full equipment list is available upon request.The current tenants have operated their restaurant that appeals to the many tourists, locals, groups, and hosts for special events. They have also operated the quaint ~1000sf Watering Hole on the ground floor of the building. This small bar is cozy and can be managed easily by one owner or one bartender. This building with all versatility and assets is a perfect investment opportunity for an owner operator of one or more of the business?s inside, an experienced landlord or simply an investor looking to create the next big tourist draw in this town.For more information please visit: https://www.restaurantrealty.com/listings/4552/ Financial Information:Monthly Revenue: Contact For Info Monthly Cash Flow: Contact For Info Annual Revenue: Contact For InfoAnnual Cash Flow: Contact For InfoAnnual Payroll: Contact for InfoGeneral Info:Ownership: LLC Established: Contact for Info Current Owner: 2018Employees: Contact for Info Reason For Sale: Other InterestsMonthly Rent: $10,784 Expiration: New Lease Available Facilities:Square Feet: 10,000 Seating: 200+ Restaurant & Banquet, ~40+Upstairs Bar/Lounge, ~30 Ground Floor Bar, + Patio Parking: Dedicated Parking Lot Across the Street Licenses: Type47/48 (for extra price) , Health & Business Days/Hours of Operation: 5pm-9pm Thur-Sun (hours of operation can be expanded)
