16236 Main StGuerneville, CA 95446

Property Details for 16236 Main St

Year built

1945

Construction

WOOD

Lot size

0.05 AC

Property size (Sq ft)

2,209 SF

Property type

Bars

APN

070-030-047-000

APU

70030047000

Description

This exceptional opportunity presents the chance to acquire a piece of Guerneville history: Pat's International Restaurant, a beloved landmark at 16236 Main Street. Established in 1940 and under the same family ownership since 1944, this 2209 square foot restaurant boasts a rich 71+ year legacy within the vibrant Russian River community. The property sits on a 0.05-acre lot and is currently operating as a successful upscale diner with an international flair, offering a diverse menu of classic and specialty dishes. The established clientele and prime location provide a strong foundation for continued success. The spacious interior offers ample seating and versatile areas, presenting significant potential for expansion and diversification. Imagine the possibilities: introducing live music, hosting comedy shows, or creating a unique venue for corporate events and private parties. This turnkey business is priced at $1,500,000 and represents a rare chance to own a thriving restaurant with immense potential for growth and innovation within a thriving community. The property's history and established reputation offer a unique and compelling investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $890,878

  6.5%

  $822,348

  7%

  $763,609

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,021,465

  Geo Method

  $794,811

• Alternative Use

  Use

  Valuation

  Residential

  $693,682

  Hospitality

  $635,409

  Educational

  $528,653

  Medical

  $546,834

  Retail

  $822,348

Location Insight

City

Guerneville

County

Sonoma

State

California

Latitude

38.5022

Longitude

-122.998

CBSA code

42220

CBSA name

SANTA ROSA-PETALUMA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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