16 Acre Lite Commercial Real Estate With Restaurant / Home
Location:
United States
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California
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Southern California - All Southern California
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Monterey
Industry: Real Estate > Other Real Estate
Business Summary
Bring your vision to this beautiful location filled with possibilities! This 16-acre oasis is just two miles from the north shore of Lake San Antonio and is zoned light commercial. Per Monterey County, there are many options available for the property for sale-including, but not limited to, Bed & Breakfast, convenience store, boat storage, campground, Day Care Center, etc.--or subdivide it and sell the lots. The community needs many services. Lake San Antonio is a travel destination. This location is near Fort Hunter Liggett, Mission San Antonio, and is easy distance to Paso Robles, King City, Highway 101 and the coast. There is an established restaurant that has been operating for over 25 years, as well as a modular house on a permanent foundation that could be used for rental income. The property also enjoys mineral-rich water. The restaurant features 1551 sq ft with a bar area and lounge and a separate dining area. The restaurant also has a stainless steel commercial double oven, 6 burner stove: Grill, Broiler, Refrigerated prep table, Commercial Deep Fry, and 3 Compartments Sink. Additionally there is a fenced outdoor dining area, picnic tables, and Brick BBQ with a 4 ft by 8 ft Grill Area. The property also has a double-wide mobile home on a permanent foundation with 1536 sq ft, 2 bedrooms and 2 bathrooms, and an addition. The master bedroom features Roman-style tub. Dining room has a built-in china cabinet. The yard includes a concrete patio, hot tub, garden areas, and three storage sheds. The estimated rental income for this home, per seller, is $1,200 per month. Sellers are retiring and will consider all offers.
Facilities: 16 acres of raw land zoned light commercial. Restaurant with 1551 square feet. Mobile home on permanent foundation with 1536 square feet
Income Property Gross Income: $40,000
Income Property Net Operating Income: $17,000
Asking: $549,995
Financials
Asking Price Range: $500K - $1.0M
Gross Revenues:
$40,000
Cash Flow:
$17,000
Cash Flow Type: Sellers Discretionary Cash
Seller Financing: Not Disclosed
About The Business
Year Established: 1981
Number of Employees: 1 - 3
Relocatable: No
Franchise: No
Current Real Estate: Owned
Property: Property For Sale
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Print Listing Id: 700100025
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