28495 Old Town Front Street, Temecula, CA 92590

$2,800,000
5,051
SqFt
Sold Price
$2,800,000
List Price
$2,750,000
Closing Date
Jan 31, 2020
Status
CLOSED
MLS#
PW19268625
Living Sq. Ft
5,051
Days on Market
9
Property Type
Commercial
Property Sub Type
Business

Property 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!

Additional Information

Water
Public
Total Number of Units
2

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Tony Lam from Coldwell Banker Alliance

Listing sold by Tony Lam from Coldwell Banker Alliance