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    5641 Mother Lode Drive

    Placerville, CA 95667
    • $1,050,000
    • STATUS: Active
    • ON SITE: 287 days
    • MLS #: 20009618
    UPDATED: 25 min ago
    $1,050,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    1950
    County:

    School Ratings & Info

    Description

    FAMOUS PJ'S ROADHOUSE! Excellent investment opportunity for the investor looking for passive income from a long-term business lease and residential rental. This well known, successful business is in a high visibility location and has operated at this location for over 50 years. The property has two structures, the 4,100 sq ft bar and grill, and a separate 700 sq ft residential rental. The NNN lease runs for another six years and has a 10 year option with great tenants. Buildings have been well maintained with a new HVAC system and new roof on the main building, and new asphalt in the parking lot in 2014. The parking lot has been slurry sealed approximately every three years. Gross monthly income is $6,008/month- total annual income of $72,096. The asking price reflects an actual 6.4% cap rate. Seller financing possible with substantial down payment.

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    © 2020 MetroList® MLS. All rights reserved. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data last updated 2020-12-05T09:38:09.18. MetroList® MLS Terms of Use. IDX provided by BoomTown.
    www.norcalhomepros.com/homes/103459117
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    5641 Mother Lode Drive Placerville, CA 95667

    • Price: $1,050,000
    • Status: Active
    • Updated: 25 min ago
    • MLS #: 20009618
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1950
    Built
    Neighborhood:
    El Dorado/Diamond Springs
    County:
    El Dorado
    Area:
    El Dorado/Diamond Springs
    Property Description
    FAMOUS PJ'S ROADHOUSE! Excellent investment opportunity for the investor looking for passive income from a long-term business lease and residential rental. This well known, successful business is in a high visibility location and has operated at this location for over 50 years. The property has two structures, the 4,100 sq ft bar and grill, and a separate 700 sq ft residential rental. The NNN lease runs for another six years and has a 10 year option with great tenants. Buildings have been well maintained with a new HVAC system and new roof on the main building, and new asphalt in the parking lot in 2014. The parking lot has been slurry sealed approximately every three years. Gross monthly income is $6,008/month- total annual income of $72,096. The asking price reflects an actual 6.4% cap rate. Seller financing possible with substantial down payment.
    Exterior Features

    Construction Frame Door None Exterior Wood Location Public Trans NearbyRestaurant Nearby Miscellaneous Features Indv Thrmostat CntrlSpecial Permits Reqd Parking OpenPublicUncovered Roof Comp Shingle Stories 1 Story

    Interior Features

    Air CentralHeat Pump Floor Concrete SlabWood Heat CentralElectricHeat Pump Loading Other-Rmks Sq Ft Space1 0 Sq Ft Space2 0 Sq Ft Space3 0 Sq Ft Space4 0

    Property Features

    Amenities Extra StorageOther Restroom FacilPatioWasher/Dryer Owned Building Use Bar & Grill CCRs No Commercial Type Restaurant Disability Features DoorsParkingRampWheelchair Access Income None Lease Terms CpiLease AvailableLease Triple Net Other Expenses Other-Rmks Price Per Sq Ft Space1 0.00 Price Per Sq Ft Space2 0.00 Price Per Sq Ft Space3 0.00 Price Per Sq Ft Space4 0.00 Special Listing Condition None Tenant Pays ElectricGarbageInsuranceTaxesWater Transaction Type Sale Year Built Description Remodeled/Updated Year Lease Space1 0 Year Lease Space2 0 Year Lease Space3 0 Year Lease Space4 0 Zoning Ind

    Listing provided courtesy of Century 21 Select Real Estate. Listing information © 2020 MetroList Services, Inc.


    © 2020 MetroList® MLS. All rights reserved. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data last updated 2020-12-05T09:38:09.18. MetroList® MLS Terms of Use. IDX provided by BoomTown.
     
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