21375 Main StLakehead, CA 96051

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

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.

• 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

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