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423-429 Modoc Ave 18,000 SF Retail Building Tulelake, CA 96134 $600,000 ($33.33/SF)
Executive Summary
After 39 successful years, the owners of Mike and Wanda's Restaurant and Lounge are offering this unique property for sale to the right person. The sale includes the 18,000 sq. ft. building, restaurant, bar, 4 apartments and 20 rooms with 4 shared bathrooms upstairs. All furnishings and equipment necessary to run the restaurant, bar and apartments are included. The liquor will be inventoried, itemized and close escrow simultaneously with the business per ABC process. The owners will itemize and keep a few personal items. Sale also includes a CA lottery system, an ABC liquor license type 47 with type 58 attachment. Liquor license allows beer and wine to be sold and taken off site. Walk in freezer has new refrigeration system, New Pizza Oven, and new Ice Cream Machine. List of equipment will be provided upon request.
Property Facts Under Contract
Sale Type
Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Restaurant
Building Size
18,000 SF
Building Class
C
Year Built
1920
Price
$600,000
Price Per SF
$33.33
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.90
Lot Size
0.46 AC
Zoning
M-1 Mixed
Parking
25 Spaces (1.39 Spaces per 1,000 SF Leased)
Not walkable
10/100
Very drivable
80/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 050-062-020 | Improvements Assessment | $160,918 |
| Land Assessment | $39,029 | Total Assessment | $199,947 |
Property Taxes
Parcel Number
050-062-020
Land Assessment
$39,029
Improvements Assessment
$160,918
Total Assessment
$199,947
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423-429 Modoc Ave
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