215 Reservation RdMarina, CA 93933

Property Details for 215 Reservation Rd

Year built

1965

Construction

WOOD

Property size (Sq ft)

9,113 SF

Property type

Community centers

APN

032-055-015-000

APU

32055015000

Description

This exceptional opportunity presents the chance to acquire a well-established and highly profitable Chinese restaurant located at 215 Reservation Road, Marina, CA. Boasting a prime location on a busy commercial street with ample parking, this turn-key operation offers immediate revenue generation. The restaurant features a fully equipped commercial kitchen, comfortable dining area, and all necessary furniture, fixtures, and equipment (FFE). With over a decade of success, Lee's Garden enjoys a loyal customer base and an outstanding reputation built on authentic Chinese cuisine and consistent positive online reviews. Financial records demonstrate strong and consistent profitability, offering excellent profit margins. The 4.55-acre lot provides ample space, and the business presents significant growth potential through expanded delivery services, catering options, or menu updates. This is an ideal acquisition for an experienced restaurateur or a savvy investor seeking a stable and lucrative venture. The asking price is $288,888. Don't miss this chance to own a thriving business in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $4,011,590

  6.5%

  $3,703,006

  7%

  $3,438,506

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,405,101

  Geo Method

  $6,405,101

• Alternative Use

  Use

  Valuation

  Residential

  $3,123,624

  Hospitality

  $2,861,223

  Educational

  $2,380,504

  Medical

  $2,462,373

  Retail

  $3,703,006

Location Insight

City

Marina

County

Monterey

State

California

Latitude

36.6877

Longitude

-121.798

CBSA code

41500

CBSA name

SALINAS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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