1550 N Lovers Ln - Restaurant FOR SALE


Ukiah, CA 95482
$1,500,000 USD
707-570-9855
1550 N Lovers Ln, Ukiah, CA for Sale
$1,500,000 USD
Restaurant - FOR SALE
1/19
null | Request Cap Rate

1550 N Lovers Ln
Ukiah, CA 95482


OVERVIEW

Calling all restaurants, fast food chains, lodging, businesses, and developers seeking an iconic property with Highway 101 visibility! This strategically located former restaurant with a large pole sign is ready for renovation or redevelopment to make it your own. Immediately off the freeway's popular North State Street exit in the heart of Ukiah, which sees an average of 40,000+ vehicles per day, the premises benefits from exceptional visibility, pedestrian traffic from the popular nearby shopping, and a convenient location for locals. The building is approximately 4,200 square feet improved with multiple dining areas and entryways, a banquet room, service counter, commercial kitchen, restrooms, along with additional space in the gated patio outside. The 0.62 acre lot has a corner position with multiple entrances and a generous onsite parking lot. Just two hours north of the Golden Gate Bridge on Highway 101, Ukiah is a picturesque city with a beautifully restored historic downtown serving as the county seat and economic hub of Mendocino County. Formerly Jensen's Restaurant, this opportunity is the perfect canvas for restauranteurs, entrepreneurs, or developers looking to capitalize on the region's dynamic and evolving landscape!

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$300 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Restaurant Near Freeway

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1963

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

27,007 SF

ZONING

I1

APN/PARCEL ID

170-120-11-00

ASK ABOUT THIS PROPERTY

Todd SchapmireW Real EstateMore Info
707-570-9855

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Todd SchapmireW Real EstateMore Info
707-570-9855

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