Investment Highlights
Turn-key kitchen and restaurant ready for occupancy.
3,440 square foot building plus a fenced outdoor courtyard and garage.
Perfect opportunity for a restaruant, catering kitchen, ghost kitchen, or event space.
Over $250,000 worth of furniture, fixtures, and equipment included in the sale.
Executive Summary
Turton Commercial is pleased to market for sale 3701 Stockton Blvd (the ?Property?), a turn-key restaurant building located in the Tahoe Park neighborhood of Sacramento The property features an approximately 3,440 square foot including an approximate 2,000 square foot second-generation full-service kitchen. The building is currently outfitted with an assortment of furniture, fixtures, and equipment (FF&E) including the ?big ticket? restaurant infrastructure that would be cost-prohibitive to construct from scratch in today?s market. The notable FF&E includes a Type 1 hood, ovens, fryers, walk-in cooler and freezer, washing machines, cleaning and mop sinks, and other miscellaneous restaurant equipment. The Property could function as a restaurant, catering kitchen, ghost kitchen, or event space with little modification to the structure or kitchen layout. For many years, the building was known to house Capital Boxing Gym until it was redeveloped into ?Mighty Kong Caf??, a local restaurant, in approximately 2011. During this renovation, the building was gutted to and rebuilt to include new HVAC, electrical, plumbing, roof, and full kitchen. The Property also features a fenced courtyard with electric gate access and a two-car garage along the alley for additional storage or parking. The Property is current used as a cannabis production facility operating under a limited Type N license from the City of Sacramento. The existing license permits infusion of cannabis into various forms (no edible production) not to exceed gross annual sales of $100,000. However, if the City of Sacramento were to grant a Conditional Use Permit, the Type N license would permit unlimited production of cannabis infusion without a sale limit. Alternatively, the Property can be used as a pre-production facility whereby the cannabis product is prepped and then transferred to another production facility that has a CUP for the eventual sale. The Property is located on the border of Oak Park and Tahoe Park, both predominately single-family residential neighborhoods located adjacent to East Sacramento. The Property is located .5 miles (a five-minute walk) from Tahoe Park, a 19-acre public park that features large gathering areas, a community pool, softball and soccer fields, and a perimeter walking trail. The Property is also located 1 mile from Aggie Square, a state-of-the-art research and innovation hub located adjacent to UC Davis Medical Center. Aggie Square will feature 680,000 square feet of science, technology, and research space; a 50,000 square foot rehabilitation hospital; 120,000 square feet of classroom space; and 28,000 square feet of community space at a total cost of approximately $1.2 Billion. Aggie Square will employ thousands of highly paid and skilled professionals from all over the world, bringing an influx of qualified tenants and homeowners to the immediately surrounding area.
