21375 Main StLakehead, CA 96051
- Retail properties
- 925 SF
Property Details for 21375 Main St
- Year built
- 1953
- Construction
- WOOD
- Lot size
- 0.47 AC
- Property size (Sq ft)
- 925 SF
- Zone code
- MU
- Property type
- Retail properties
- Property subtype
- Bars
- APN
- 082-260-010-000
- APU
- 82260010000
Description
This exceptional opportunity presents the historic Klub Klondike, a cherished Lakehead establishment operating for over 75 years. Known affectionately as "The Best Dive on I-5," this iconic bar and restaurant has recently undergone renovations, seamlessly blending its original character and charm with modern amenities. Its prime location along I-5, situated between Shasta Lake and Mount Shasta, ensures excellent signage and high visibility, attracting a steady stream of customers. The property encompasses a substantial 3,360 square feet, including a fully operational bar and restaurant area. Adding to its income-generating potential is an attached 2-bedroom, 1-bathroom apartment, providing additional rental income. Furthermore, the property includes RV spaces complete with full hookups, offering further revenue streams and expansion possibilities on the spacious land behind the building. A paved turnaround area caters to RVs and semi-trucks, enhancing convenience and accessibility. The sale includes a valuable 47 liquor license, a significant asset for continued operation and profitability. This turnkey business presents a rare chance to acquire a well-established, high-visibility property with multiple income streams and significant growth potential in a desirable location.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $245,057
- 6.5%
- $226,206
- 7%
- $210,049
-
Comparable approach
- Method
- Valuation
- Relative Method
- $332,820
- Geo Method
- $332,820
-
Alternative Use
- Use
- Valuation
- Residential
- $190,814
- Hospitality
- $174,784
- Educational
- $145,418
- Medical
- $150,420
- Retail
- $226,206
Location Insight
- City
- Lakehead
- County
- Shasta
- State
- California
- Latitude
- 40.9062
- Longitude
- -122.383
- CBSA code
- 39820
- CBSA name
- REDDING, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
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