MarketPier

28495 Old Town Front Street - Temecula, CA 92590

$2,750,000
Listing Description

5,051sf premium restaurant space located at the heart of Old Town Temecula on the busy and most happening Old Town Front Street, large parking lot not only allows for plenty of parking but room to expand. One of the two restaurant tenants Texas Lil's Mesquite Grill has been a marquee restaurant on Old Town Front Street for more than 30 years, the other tenant Mad Madeline's Grill, a repeated award winning restaurant, has been the second anchor tenant since 1991. Both restaurants are well established and are extremely stable with each restaurant having close to 30 or more years of tenancy at this property! A total $204,642 annual income makes this 7.44% cap an excellent investment. Call today!

Listing Information
MLS Number
PW19268625
APN/Parcel ID
922026008
Type
Commercial
Sub Type
Business
Building Size
5,051 sqft
Price / SQFT
$544
No Units
2
Price / Unit
$1,375,000
Listing Date
12/1/2019
Days Active
10
Last Updated
12/12/2019
Listing Provided By
Tony Lam
Coldwell Banker Alliance
BRE# 01944496

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