1194 N Imperial Hwy - Storefront Retail/Residential FOR SALE


Ocotillo, CA 92259
$385,000 USD
619-778-3800
1194 N Imperial Hwy, Ocotillo, CA for Sale
$385,000 USD
Storefront Retail/Residential - FOR SALE
1/21
null | Request Cap Rate

1194 N Imperial Hwy
Ocotillo, CA 92259


HIGHLIGHTS

  • Well established bar/restaurant where you can work and live!
  • Tremendous upside potential!

OVERVIEW

* Two buildings on property: 2,004 sq.ft. Bar (Lazy Lizard Saloon https://www.yelp.com/biz/lazy-lizard-saloon-ocotillo) in front * Generous sized 1,424 sq.ft. 2 bedroom/1 bath house in rear * Both tenants on month-to-month leases paying well below market rents, with bar at $600 per month and house at $700 * .42 acre lot size with Assessor Parcel Number 033-555-014 (Imperial County) with great parking onsite and off * Zoned C-2 (Medium Commercial) with wide range of permitted uses * Bar has existed for 32 years and is busiest during the off-road season (October - May) * Any bar business sale to be negotiated separately with operator (Beer and Wine License) * Electricity is through IID and water through Coyote Valley Water (local wells) * Located at direct exit on and off of Interstate 8 (only 3/10 mile)

FOR SALE DETAILS

PRICE

$385,000 USD

PRICE/SF

$111 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lazy Lizard Saloon

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Bar, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1958

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,372 SF

ZONING

C-2

APN/PARCEL ID

033-555-014-000

ASK ABOUT THIS PROPERTY

Mark RobakSDCREMore Info
619-778-3800

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Mark RobakSDCREMore Info
619-778-3800

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