301 Lerdo HwyShafter, CA 93263

Property Details for 301 Lerdo Hwy

Year built

1949

Construction

WOOD FRAME

Lot size

0.60 AC

Property size (Sq ft)

6,141 SF

Zone code

GC

Property type

Retail properties

Property subtype

Turn key restaurants

APN

028-211-17-00-0

APU

2821117000

Description

This exceptional opportunity encompasses both a thriving restaurant and its prime real estate location at 301 E Lerdo Highway in Shafter, California. Don Pepe's Bar & Grill is a well-established business boasting a loyal customer base and a highly visible location with extensive parking. The 6,141 square foot building sits on a 0.6-acre lot, offering ample space for both indoor and outdoor dining. The interior features a thoughtfully designed layout, including a dedicated private room ideal for meetings or private events. An inviting outdoor patio provides additional seating and ambiance. The fully equipped bar is a key feature, contributing to the restaurant's success and versatility. The sale includes the valuable liquor license, a significant asset for any prospective owner. This turnkey operation presents a rare chance to acquire a profitable business with substantial growth potential in a dynamic community. The property itself represents a sound long-term investment, offering a strong foundation for continued success and future expansion. The asking price for this combined restaurant and real estate offering is $1,100,500.

• CAP approach

  CAP return

  Valuation

  6%

  $1,279,763

  6.5%

  $1,181,319

  7%

  $1,096,939

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,054,971

  Geo Method

  $2,942,787

• Alternative Use

  Use

  Valuation

  Residential

  $996,487

  Hospitality

  $912,777

  Educational

  $759,420

  Medical

  $785,537

  Retail

  $1,181,319

Location Insight

City

Shafter

County

Kern

State

California

Latitude

35.4995

Longitude

-119.273

CBSA code

12540

CBSA name

BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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