101 Main StVisalia, CA 93291

Property Details for 101 Main St

Year built

1889

Construction

TILT-UP CONCRETE

Lot size

0.13 AC

Property size (Sq ft)

7,698 SF

Zone code

C-3

Property type

Banks

APN

094-298-001-000

APU

94298001000

Description

Exceptional opportunity to acquire a thriving nightclub in the heart of downtown Visalia, California. Located at 101 W Main Street, this 5,200 square foot establishment sits on a 0.18-acre lot and offers unparalleled visibility and foot traffic. Previously known as Cellar Door, this venue boasts a strong reputation for its vibrant atmosphere and diverse entertainment offerings, including live music, DJ nights, and various cultural events. The spacious layout is adaptable for a wide range of uses, from live concerts and dance nights to private events and more. The property is fully equipped with a well-appointed bar, a stage, a professional sound system, and a comprehensive lighting setup, ensuring a seamless transition for new ownership. This turnkey operation has a history of community engagement, hosting concerts, movie screenings, poetry readings, and fashion shows, establishing itself as a cultural hub. Priced at $650,000, this presents a unique chance to revitalize a beloved venue and capitalize on the existing infrastructure and established clientele. This is an ideal investment for both seasoned operators and aspiring entrepreneurs seeking to make their mark on Visalia's dynamic nightlife scene.

• CAP approach

  CAP return

  Valuation

  6%

  $1,604,236

  6.5%

  $1,480,833

  7%

  $1,375,059

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,575,992

  Geo Method

  $3,688,906

• Alternative Use

  Use

  Valuation

  Residential

  $1,249,138

  Hospitality

  $1,144,204

  Educational

  $951,964

  Medical

  $984,704

  Retail

  $1,480,833

Location Insight

City

Visalia

County

Tulare

State

California

Latitude

36.3299

Longitude

-119.292

CBSA code

47300

CBSA name

VISALIA-PORTERVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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