648 Benicia RdVallejo, CA 94591

Property Details for 648 Benicia Rd

Year built

1953

Lot size

0.15 AC

Property size (Sq ft)

7,201 SF

Property type

Retail properties

Property subtype

Retail space

APN

0071-182-240

APU

71182240

Description

This thriving Vallejo bar and restaurant, situated on Benicia Rd, presents a unique investment opportunity. Spanning 7,201 square feet, this single-story establishment, built in the 1960s, boasts a full liquor license (Type 48) and a well-equipped kitchen ready to handle the current menu and catering needs. The property includes a welcoming atmosphere cultivated over 30 years, attracting a loyal local clientele and extending its reach to a wider radius, as evidenced by positive online reviews. Features include an eclectic décor, live music and dance floor, pool tables, a banquet room, and a back patio perfect for barbecues and outdoor events. The business serves breakfast, lunch, and dinner (Friday and Saturday). The full bar offers a wide selection of wines, beers, and liquors. Included in the sale are significant fixtures, furniture, and equipment (FF&E), such as an Ansul hood system, cooler and freezer, tap system, bar, prep tables, stove, and ice machine. Additional revenue streams are generated from games (pool tables, juke box, punching bag, crane) and check cashing services. A website and social media presence are already established. The asking price is $699,000, encompassing both the real estate ($550,000) and the bar/restaurant business ($149,000). Partial seller financing may be available for qualified buyers. Detailed information requires proof of funds and a completed buyer profile.

• CAP approach

  CAP return

  Valuation

  6%

  $3,206,537

  6.5%

  $2,959,881

  7%

  $2,748,460

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,825,215

  Geo Method

  $5,061,246

• Alternative Use

  Use

  Valuation

  Residential

  $2,496,770

  Hospitality

  $2,287,028

  Educational

  $1,902,780

  Medical

  $1,968,220

  Retail

  $2,959,881

Location Insight

City

Vallejo

County

Solano

State

California

Latitude

38.0948

Longitude

-122.229

CBSA code

46700

CBSA name

VALLEJO-FAIRFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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