127 Edwards StIndependence, CA 93526

Property Details for 127 Edwards St

Year built

2008

Construction

WOOD

Lot size

0.52 AC

Property size (Sq ft)

1,415 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

002-046-11-00

APU

20461100

Description

This unique 3,500 square foot Victorian-style building, located at 127 N Edwards Street Unit 11 in Independence, CA, presents a captivating investment opportunity. Originally constructed as a restaurant, the property boasts a fully equipped kitchen, a spacious seating area complete with a soda shop-style counter, and a delightful outdoor seating and entertaining area. Upstairs, a one-bedroom living quarters and a separate office provide convenient amenities. The building's character inspires creative uses, making it ideal for a variety of ventures. The possibilities are numerous and include, but are not limited to, a vintage market or antique shop, a cultural or educational center, a yoga/wellness/spa center, a themed cafe and artisan shop, an event venue, or an art gallery and studio. The property also features a beautifully landscaped and fully fenced yard, enhanced by roses, shade trees, and a gazebo. The asking price is $499,900. This is a rare chance to acquire a distinctive commercial property in a desirable location with significant potential for a thriving business. The property sits on a 0-acre lot and is classified as "Other" property type. Its exceptional character and versatile layout make it an attractive proposition for entrepreneurs seeking a unique and established space.

• CAP approach

  CAP return

  Valuation

  6%

  $294,881

  6.5%

  $272,198

  7%

  $252,755

• Comparable approach

  Method

  Valuation

  Relative Method

  $473,503

  Geo Method

  $678,072

• Alternative Use

  Use

  Valuation

  Residential

  $229,609

  Hospitality

  $210,321

  Educational

  $174,984

  Medical

  $181,002

  Retail

  $272,198

Location Insight

City

Independence

County

Inyo

State

California

Latitude

36.8027

Longitude

-118.2

CBSA code

13860

CBSA name

BISHOP, CA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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