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Lazy Lizard Saloon 1194 N Imperial Hwy 3,458 SF 100% Leased Retail Building Ocotillo, CA 92259 $385,000 ($111.34/SF)
INVESTMENT HIGHLIGHTS
- Well established bar/restaurant where you can work and live!
- Tremendous upside potential!
EXECUTIVE SUMMARY
* Two buildings on property: 2,004 sq.ft. Restaurant/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 over 20 years and is busiest during the off-road season (October - May)
* Any bar business sale to be negotiated separately with operator
* 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)
* 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 over 20 years and is busiest during the off-road season (October - May)
* Any bar business sale to be negotiated separately with operator
* 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)
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,458 SF
Building Class
C
Year Built/Renovated
1958/1967
Price
$385,000
Price Per SF
$111.34
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
0.42 AC
Zoning
C-2 - Commercial
Frontage
100’ on Imperial Highway
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Lazy Lizard Saloon
- Accommodation and Food Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Lazy Lizard Saloon | Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | - |
PROPERTY TAXES
| Parcel Number | 033-555-014-000 | Improvements Assessment | $69,152 |
| Land Assessment | $15,355 | Total Assessment | $84,507 |
PROPERTY TAXES
Parcel Number
033-555-014-000
Land Assessment
$15,355
Improvements Assessment
$69,152
Total Assessment
$84,507
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Lazy Lizard Saloon | 1194 N Imperial Hwy
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