119 S Main St - Restaurant FOR SALE


Sebastopol, CA 95472
$1,600,000 USD
707-806-6097
119 S Main St, Sebastopol, CA for Sale
$1,600,000 USD
Restaurant - FOR SALE
1/13
null | 7.8% Cap Rate

119 S Main St
Sebastopol, CA 95472


OVERVIEW

Offered for sale is a fully leased commercial property located at 119 S Main Street in the heart of downtown Sebastopol. The property is occupied by a popular restaurant, Goldfinch, operated by West County Provisions LLC under a brand-new 10-year NNN lease. Don't miss this opportunity to own a piece of Sebastopol history, nestled in the heart of the vibrant Downtown. Originally constructed in 1923, the most recent remodel in 2023 was completed to accommodate Goldfinch Restaurant, now a highly popular tenant drawing locals and tourists alike. Located on Sebastopol's bustling Main Street, the property offers outstanding visibility and easy access, making it a cornerstone of the town's thriving Downtown Core. With its established presence and a design that harmonizes with the area's eclectic, small-town vibe, this property is not just an investment's part of the fabric of the Sebastopol community. The building is perfectly situated to take advantage of high foot traffic from both locals and visitors, with an abundance of nearby amenities including boutiques, cafes, weekly Farmer's Markets, and a consistent flow of weekend visitors exploring Sebastopol's unique charm. This property benefits from both its historic character and a contemporary touch, thanks to the upgrades made for Goldfinch's tenancy. Whether you're looking to expand your portfolio with a steady income-producing property or own a unique piece of Sebastopol's past and future, this building offers unmatched potential in a prime location. The lease will commence upon the transfer of the ABC liquor license and runs for 120 months. Transer of ABC liquor license is anticipated in the next 30-60 days. The current base rent is $8,750/month, with the tenant also responsible for NNN expenses of approximately $1,700/month, bringing the total monthly rent to approximately $10,450. This is a true triple-net (NNN) lease: the tenant is responsible for all operating expenses, including property taxes, insurance, maintenance, and repairs. The landlord has no ongoing obligations for property upkeep or management.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$490 USD /SF

CAP RATE

7.8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1923

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

Downtown Core

APN/PARCEL ID

004-054-018

ASK ABOUT THIS PROPERTY

Brandon BallardColdwell Banker RealtyMore Info
707-806-6097

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Brandon BallardColdwell Banker RealtyMore Info
707-806-6097

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.