21375 Main StLakehead, CA 96051

  • Retail properties
  • 925 SF
For Sale
$599,000 View listing

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
21375 Main St, Lakehead, California

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$2,289
$71,400
$137,700
$209,100
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