252 Main StBlythe, CA 92225

  • Retail properties
  • 3,185 SF
For Sale
$379,000 View listing

Property Details for 252 Main St

Year built
1947
Construction
TILT-UP CONCRETE
Lot size
0.17 AC
Property size (Sq ft)
3,185 SF
Zone code
M1
Property type
Retail properties
Property subtype
Retail space
APN
845-122-006
APU
845122006

Description

This exceptional 2,300 square foot commercial property located at 252 Main Street in the heart of Blythe, California, presents a unique investment opportunity. Currently configured as a restaurant, this well-known and beloved local establishment is ready for a new owner to step in and continue its success. Recent renovations have significantly upgraded the property's infrastructure, including the installation of a new sewer and water main, a new 40-amp electrical panel, a new gas line, new cleanouts, and a substantial new 2500-gallon grease trap—equivalent in size to that of a Chipotle restaurant. This demonstrates a commitment to modern standards and operational efficiency. The property sits on a 0.17-acre lot, offering ample space for outdoor seating or potential expansion. The building's prime location in Blythe ensures high visibility and accessibility to a loyal customer base. Furthermore, there's a possibility of acquiring the adjacent lot, providing an exceptional opportunity for expansion or additional parking, subject to separate negotiation. This turnkey operation is priced at $379,000 and represents a rare chance to acquire a thriving business in a desirable location. Don't miss this chance to own a piece of Blythe's culinary history.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $829,619
    6.5%
    $765,802
    7%
    $711,102
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,316,896
    Geo Method
    $1,316,896
  • Alternative Use

    Use
    Valuation
    Residential
    $645,982
    Hospitality
    $591,716
    Educational
    $492,301
    Medical
    $509,232
    Retail
    $765,802
252 Main St, Blythe, California

Location Insight

City
Blythe
County
Riverside
State
California
Latitude
33.6132
Longitude
-114.599
CBSA code
40140
CBSA name
RIVERSIDE-SAN BERNARDINO-ONTARIO, 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
$1,118
$20,808
$78,030
$98,838
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