945 Norma StRidgecrest, CA 93555

Property Details for 945 Norma St

Year built

1985

Construction

WOOD

Lot size

0.17 AC

Property size (Sq ft)

5,590 SF

Property type

Retail properties

Property subtype

Retail space

APN

420-020-18-00-1

APU

42002018001

Description

Golden Dragon Restaurant, a thriving establishment in Ridgecrest, California, presents a remarkable investment opportunity. This turnkey restaurant has enjoyed a successful 37-year history at its current location, 945 N Norma St, within a vibrant commercial area alongside other profitable businesses. The sale includes all assets necessary for immediate operation: inventory (list forthcoming), machinery, furniture, fixtures, equipment, the fictitious business name, trade name logos, signs, phone numbers, websites, text number, vendor list, and existing computer and software. The business currently occupies three leased spaces totaling 3,315 square feet. Lease terms are net, and negotiations with the building owner are possible for continued tenancy. This is a rare chance to acquire an established, profitable restaurant with a long-standing reputation in a desirable location. The asking price is $99,000. The property is zoned for commercial use and located in Kern County, CA, zip code 93555. This presents a unique opportunity for a seasoned restaurateur or an investor seeking a proven, established business. The sale includes all existing assets, allowing for a seamless transition and immediate commencement of operations. Don't miss this chance to own a piece of Ridgecrest's culinary history.

• CAP approach

  CAP return

  Valuation

  6%

  $2,599,591

  6.5%

  $2,399,623

  7%

  $2,228,221

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,678,746

  Geo Method

  $2,678,746

• Alternative Use

  Use

  Valuation

  Residential

  $2,024,172

  Hospitality

  $1,854,130

  Educational

  $1,542,615

  Medical

  $1,595,668

  Retail

  $2,399,623

Location Insight

City

Ridgecrest

County

Kern

State

California

Latitude

35.6381

Longitude

-117.679

CBSA code

12540

CBSA name

BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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