18379 Chestnut AveTuolumne, CA 95379

Property Details for 18379 Chestnut Ave

Lot size

0.09 AC

Property size (Sq ft)

1,104 SF

Zone code

C-1:D:MX

Property type

Investment properties

Property subtype

Live-work space

APN

009-131-015-000

APU

9131015000

Description

This exceptional investment opportunity encompasses three contiguous commercial parcels totaling 2.3 acres in the heart of downtown Tuolumne, CA. The property includes three separate buildings, offering a diverse range of possibilities for a savvy investor. The main attraction is the fully furnished, historic Longhorn Steakhouse & Saloon, complete with a wealth of period antiques including an 1880 back bar, jukebox, stage, piano, drum set, and pool table. This well-established business, operating for over 40 years, boasts a full kitchen and restaurant facilities with seating for over 50 patrons. A separate 960 square foot warehouse provides additional storage or expansion potential. One of the buildings also incorporates a mixed-use rental unit, adding to the income stream. The total building square footage is 5,800 square feet. The property's prime downtown location, adjacent to a thriving coffee shop, ensures high visibility and foot traffic. Its proximity to numerous recreational attractions, including casinos, hiking trails, Yosemite National Park, and Dodge Ridge, further enhances its appeal to both locals and tourists. A Type 47-48 liquor license is available for separate purchase. This unique property presents a rare chance to acquire a turnkey business with significant historical charm and substantial growth potential. The combination of established business, ample space, and desirable location makes this an unparalleled investment opportunity in the thriving Tuolumne community.

• CAP approach

  CAP return

  Valuation

  6%

  $173,480

  6.5%

  $160,135

  7%

  $148,697

• Comparable approach

  Method

  Valuation

  Relative Method

  $151,867

  Geo Method

  $157,629

• Alternative Use

  Use

  Valuation

  Residential

  $198,568

  Hospitality

  $181,887

  Educational

  $151,328

  Medical

  $156,532

  Retail

  $235,399

Location Insight

City

Tuolumne

County

Tuolumne

State

California

Latitude

37.962

Longitude

-120.238

CBSA code

43760

CBSA name

SONORA, CA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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