223 Reindollar AveMarina, CA 93933

Property Details for 223 Reindollar Ave

Year built

1974

Construction

WOOD

Lot size

0.35 AC

Property size (Sq ft)

5,850 SF

Property type

Showrooms

APN

032-312-020-000

APU

32312020000

Description

Own a thriving Marina, CA microbrewery and pub, English Ales Brewery, established in 2000. This turnkey business boasts a 66-seat restaurant and pub, attracting both local and tourist clientele, including 1,500 Mug Club members. Located minutes from Monterey and Carmel, its prime location ensures consistent foot traffic. The business enjoys a long-term lease, providing financial stability and a solid foundation for future growth. Beyond its popular on-site pub, English Ales Brewery also services over 100 wholesale accounts, generating revenue from both retail and distribution channels. This diverse revenue model offers significant potential for increased profitability. The current owners are retiring, presenting a unique opportunity to acquire a well-established brand with a loyal customer base and dedicated staff. The 0.35-acre property offers ample space for potential expansion, allowing for further growth and development within the already successful business model. This is a rare chance to invest in a beloved community establishment with a proven track record and significant upside. The asking price is $595,000.

• CAP approach

  CAP return

  Valuation

  6%

  $2,575,200

  6.5%

  $2,377,108

  7%

  $2,207,315

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,111,691

  Geo Method

  $4,111,691

• Alternative Use

  Use

  Valuation

  Residential

  $2,005,180

  Hospitality

  $1,836,734

  Educational

  $1,528,141

  Medical

  $1,580,696

  Retail

  $2,377,108

Location Insight

City

Marina

County

Monterey

State

California

Latitude

36.6802

Longitude

-121.804

CBSA code

41500

CBSA name

SALINAS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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