10009 Main StLamont, CA 93241

Property Details for 10009 Main St

Year built

1964

Construction

WOOD

Lot size

0.75 AC

Property size (Sq ft)

2,535 SF

Zone code

C2

Property type

Turn key restaurants

APN

188-041-11-00-0

APU

18804111000

Description

This exceptional owner-user opportunity presents a 2,535-square-foot restaurant building situated on a sizable 12,650-square-foot lot at 10009 Main Street in Lamont, California. The property, classified as Class C, boasts a single tenant currently operating a car wash, with less than two years remaining on their lease. The asking price is $425,000, offering a strong net operating income (NOI) of $24,000. Built in 1964, this single-story building is zoned C-2, providing flexibility for various uses. The sale includes the adjacent vacant lot (APN 188-041-12), adding significant potential. Included in the sale are a walk-in cooler and some kitchen equipment. This is an ideal opportunity for an owner-operator seeking a high-traffic location on Main Street. The property's high occupancy rate of 100% speaks to its desirability. All offers are subject to an interior inspection. Prospective buyers should note that the current tenant should not be disturbed. The property's APN is 188-041-11&12. This is a fee simple ownership.

• CAP approach

  CAP return

  Valuation

  6%

  $1,061,798

  6.5%

  $980,121

  7%

  $910,113

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,214,780

  Geo Method

  $1,214,780

• Alternative Use

  Use

  Valuation

  Residential

  $826,769

  Hospitality

  $757,316

  Educational

  $630,078

  Medical

  $651,747

  Retail

  $980,121

Location Insight

City

Lamont

County

Kern

State

California

Latitude

35.2641

Longitude

-118.914

CBSA code

12540

CBSA name

BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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