1425 Main StNewman, CA 95360

Property Details for 1425 Main St

Year built

1898

Construction

WOOD

Lot size

0.17 AC

Property size (Sq ft)

4,200 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

128-009-036-000

APU

128009036000

Description

This exceptional investment opportunity presents a thriving restaurant and its accompanying building in the heart of Newman, CA. The property encompasses a substantial 4,200 square feet of space situated on a 0.17-acre lot (7,405 square feet). The building itself boasts a distinctive Mediterranean architectural style, featuring attractive real wood floors, charming brick walls, and high ceilings for an inviting atmosphere. Climate control is ensured with central heating and air conditioning. The interior includes a sizable bar with ample seating, a fully equipped kitchen boasting a walk-in refrigerator and freezer, stainless steel appliances, a large imperial cooking stove, a 10-burner gas stove, extensive prep areas, and dedicated storage space. A second-level office provides additional administrative space. Outdoor amenities include a pleasant courtyard seating area and convenient rear parking. The established restaurant, El Campestre Dos, has enjoyed a successful run of over 18 years, building a loyal clientele and establishing a strong reputation. The business also benefits from a substantial inventory of specialty liquor. This turnkey operation offers a rare chance to acquire a profitable business and a well-maintained building in a desirable location. The combination of established business and attractive property presents a compelling investment opportunity with significant potential for growth and return.

• CAP approach

  CAP return

  Valuation

  6%

  $1,839,703

  6.5%

  $1,698,188

  7%

  $1,576,888

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,951,984

  Geo Method

  $2,951,984

• Alternative Use

  Use

  Valuation

  Residential

  $1,432,485

  Hospitality

  $1,312,148

  Educational

  $1,091,692

  Medical

  $1,129,237

  Retail

  $1,698,188

Location Insight

City

Newman

County

Stanislaus

State

California

Latitude

37.314

Longitude

-121.023

CBSA code

33700

CBSA name

MODESTO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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