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501 Walnut St - TIPS Bar 2,744 SF Specialty Building Offered at $599,000 at a 8.61% Cap Rate in Red Bluff, CA 96080
Investment Highlights
- 60+ year history
- Apartments upstairs for additional rental income
- Turn Key Operation
Executive Summary
Property Facts
| Price | $599,000 | Building Class | C |
| Price Per SF | $218.29 | Lot Size | 0.16 AC |
| Sale Type | Investment or Owner User | Building Size | 2,744 SF |
| Cap Rate | 8.61% | No. Stories | 2 |
| Sale Condition | Business Value Included | Year Built/Renovated | 1910/2015 |
| Property Type | Specialty | ||
| Zoning | H-C - Retail Trade | ||
| Price | $599,000 |
| Price Per SF | $218.29 |
| Sale Type | Investment or Owner User |
| Cap Rate | 8.61% |
| Sale Condition | Business Value Included |
| Property Type | Specialty |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 2,744 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1910/2015 |
| Zoning | H-C - Retail Trade |
About 501 WALNUT ST , RED BLUFF, CA 96080
Established, iconic business that has been owned and operated by the same family since 1961! This bar hosts a fun and relaxing ambiance where customers can come and unwind from their day. Property is located in a high visibility corner in downtown Red Bluff across form the Post Office. and includes everything you need to take over operations from Day 1. Includes all fixtures, furnishings, equipment, security and square systems, alcohol inventory, pool table, vintage shuffleboard, ATM and a very RARE Type 48 liquor license. Add to your income stream by renting out the two 1 bdrm apartments upstairs. Unfinished basement holds an office and liquor storage room, plus lots of storage and workspace.
Property Taxes
| Parcel Numbers | Improvements Assessment | $266,147 | |
| Land Assessment | $84,975 | Total Assessment | $351,122 |
Property Taxes
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501 Walnut St - TIPS Bar
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