5641 Mother Lode Drive, Placerville, CA 95667
sale $1,050,000 | Commercial-Other
Listed By CENTURY 21 Select Real Estate, Inc.
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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- Additional MLS: 20009618
- Cross Docks: N
- For Auction: N
- Level Number: 0
- Location Name: 5641 Mother Lode Drive , Placerville
- MLSID: 20009618
- Price Per Area: 0.00
- Price Upon Request: N
- Style: Other Style
- Sublease: N
- Zoning: IND
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