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329 Lake Blvd
Redding, CA 96003
Freestanding Restaurant/Bar · Retail Property For Sale
Investment Highlights
- Recently remodeled in 2019-2020
- 10'x12' Walk-in cooler
- 91 Bldg max occupancy
- 15'x4' Hood
- 750 Gallon grease trap
Executive Summary
Make your dreams of owning your own restaurant or bar a reality! Currently occupied by Karma's House of Spirits, operated by the building owner for limited hours. Real estate, including a 15' x 4' hood and 10' x 12' walk-in cooler, is available for sale for $975,000. Easy upkeep, as major systems were recently replaced during the 2019-2020 Full Renovation - only 2 block walls remain from original structure! Business entity, Type 48 and 58 Liquor License, and FF&E are available for purchase separately.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Bar
Building Size
3,334 SF
Building Class
C
Year Built/Renovated
1963/2020
Price
$895,000
Price Per SF
$268.45
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.55 AC
Opportunity Zone
Yes
Zoning
GC - General Commercial
Parking
28 Spaces (8.4 Spaces per 1,000 SF Leased)
Frontage
119’ on Lake Blvd
Amenities
- Fenced Lot
- Restaurant
- Wheelchair Accessible
- Monument Signage
- Air Conditioning
Property Taxes
| Parcel Number | 113-320-005-000 | Improvements Assessment | $243,231 |
| Land Assessment | $96,592 | Total Assessment | $339,823 |
Property Taxes
Parcel Number
113-320-005-000
Land Assessment
$96,592
Improvements Assessment
$243,231
Total Assessment
$339,823
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