1924-1926 Pacific Ave

Investment Highlights

Beautifully designed restaurant with gleaming dining room, tables and chairs, fenced outdoor seating area Private parking in the 5,711 SF PARKING LOT included in the sale Sale includes a TYPE 47 LIQUOR LICENSE, which allows on and off-site sales of liquor, beer and wine TAPS BARREL HOUSE is a popular neighborhood hangout with a full bar, a variety of microbrews, and over 25 beers on tap

Executive Summary

Just pulled sales statistics from CoStar for comparable properties: The average price per square foot for similar properties in the area is $421/sf. At that price, the Whirlows/Taps building should be priced at $2,747,025.00. Add to that 9,433 SF of paved parking lot at a market price of $25/sf for an additional $235,825. 00. On top of that is the value of the property's improvements including commercial kitchen with hood, ansul system, grease trap, refrigeration, all equipment, dining room, furnishings, etc., which would cost in excess of $300,000.00 to replace. At an asking price of $1,995,000, Whirlow?s is a very good deal and presents an incredible opportunity to own a turnkey restaurant/bar in the heart of Stockton?s Miracle Mile.WHIRLOWS is a beautifully designed restaurant with gleaming dining room, tables and chairs, fenced outdoor seating area. Sparkling kitchen is fully equipped with hood/ansul system, grease trap, and all kitchen fixtures.TAPS BARREL HOUSE is a popular neighborhood hangout with a full bar, a variety of microbrews, and over 25 beers on tap.Sale includes a TYPE 47 LIQUOR LICENSE, which allows on and off-site sales of liquor, beer and wine.Private parking in the 9,433 SF PARKING LOT included in the sale.The Whirlow Family has operated Whirlows/Taps since 2010. All the building systems have been professionally maintained, including plumbing, electrical, HVAC, grease trap, fire suppression, refrigeration, and kitchen infrastructure.WHIRLOWS and TAPS can be operated as a single business, or the spaces can be operated as two separate businesses. Separately metered. If desired, Whirlow Family will allow new owners to keep the name and benefit from over a decade of name recognition and good will.Two parcels included: 1926 Pacific is 10,247 SF (6,525, SF building + 3,722 SF of parking). 1924 Pacific is an adjoining private parking lot of 5,711 SF.

• Sale Type    Owner User
• Property Type    Retail
• Property Subtype    Restaurant
• Building Size    6,525
• Building Class    C
• Year Built    1950
• Price    1,995,000
• Price Per SF    306
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.40
• Land Acres    0.37 AC

• Bus Line
• Restaurant
• Signage
• Air Conditioning