5151 Montero Way - Restaurant FOR SALE


Petaluma, CA 94954- Greater Petaluma
$3,500,000 USD
415-279-9077
5151 Montero Way, Petaluma, CA for Sale
$3,500,000 USD
Restaurant - FOR SALE
1/12
null | Request Cap Rate

5151 Montero Way
Petaluma, CA 94954
Greater Petaluma


OVERVIEW

Rare Offering with Real Estate, Card Room, and Liquor License Opportunity Located at the gateway to Petaluma with unmatched Highway 101 visibility, this ±9,000 SF building on 2.25 acres was historically home to Sonoma Joe’s, later converted into the 101 Casino, and most recently operated as Parkwest Casino - a fully licensed card room with restaurant and bar. The offering includes the real estate, card room gaming assets and business, and the opportunity to acquire a California Type 47 On-Sale General License (unpriced). This creates a unique turnkey solution for an operator seeking to establish or expand a card room and hospitality concept in one of Sonoma County’s most prominent locations. Property Highlights • Real Estate: ±9,000 SF building on 2.25 acres • Unmatched Highway 101 visibility with 400+ feet of frontage • Card Room Gaming Assets & Business Available (equipment & tables) • Type 47 "On-Sale General" License available (unpriced) • 103 on-site parking spaces (11 per 1,000 SF) • Large sky monument sign • Fully outfitted kitchen and bar with walk-in coolers and storage • Zoned C2 Community Commercial Card Room Business and Type 47 License are Unpriced

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$333 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Exceptional Restaurant and Bar For Sale

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

103

LAND DETAILS

LAND ACRES

2.25 AC

LAND SF

98,010 SF

ZONING

CITYPE, Petaluma

APN/PARCEL ID

007-421-027

ASK ABOUT THIS PROPERTY

Russ MayerKeegan & Coppin Company, Inc.More Info
415-279-9077

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Russ MayerKeegan & Coppin Company, Inc.More Info
415-279-9077

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