$2,300,000
Simi Valley, CA 93065
MLS# 224002018
Status: Closed
4900 sqft

1 / 29
Property Description
We are pleased to present this great investment opportunity, ideal for investors/developers or owner/user looking to capture Simi Valley's thriving market. This property sits on a 29,708 SF lot with 4,900 SF restaurant space. Zoned for Commercial Planned Development, this property offers an opportunity for commercial use development. This high traffic location on 1st Street is a hub for new car dealerships and is also surrounded by national retail tenants. The restaurant recently closed its doors at the end of April. Country folks operated for a couple of decades at this site. The restaurant comes with equipment and furniture. Includes two walk-in refrigerators, One walk-in freezer, A full kitchen with several serving stations with full dining with tons of natural lighting. Several dining areas as well as a counter in the main dining area. Great catering and event location with tons of parking. This property offers high visibility and plenty of parking, featuring two entries on 1st, including a drive-thru and an additional entrance along E Los Angeles Avenue, accessible from the rear of the property. This location is surrounded by commercial centers and residential neighborhoods, ensuring a continuous flow of consumers. The area's good economy and growing community make it a great investment for long-term value. This area is a magnet for investors and consumers due to its close proximity to a variety of amenities such as dining, shopping, and recreational facilities, making it an incredible investment opportunity for owner/user or investor. Contact Roy Belson or Dan Murphy for showing request. Must provide pre-approval letter or proof of funds. Prime Restaurant Opportunity in Simi Valley, California Located at the busy intersection of First Street and E Los Angeles Avenue, this restaurant site offers exceptional visibility in a high-traffic area. Benefiting from the constant flow of both pedestrian and vehicular traffic in a location known for its accessibility and exposure. Ideal for both new and established restaurants, this space is strategically positioned near commercial centers and residential neighborhoods, ensuring a steady stream of customers. Don't miss out on this prime opportunity to launch or expand your dining business in Simi Valley's vibrant community. Easy access to freeways and Public Transportation. This location is known for its heavy traffic, indicating strong accessibility and high visibility.
Details
Maps
Listing, Location and Property Info
List Price/SqFt: 530.61
Zip + 4: 2819
General Property Information
Construction Status: Unknown
Approx SqFt: 4900
Lot Acres: 0.68
Lot SqFt: 29700
Year Built: 1974
Listing Info
# of Units: 1
Rent Max: 0
Year Established: 1974
Property Info
Cooling: Yes
Baths - 3/4: 0
Baths - 1/2: 2
Entry Level: 1
Stories Total: 1
Status Change Info
Sold Price/SqFt: 469.39
Seller Concessions: Yes
Pending Date: 2024-11-19
Closed Date: 2025-01-16
Closed Price: 2300000
Land Lease Type
Fee Simple: 1
Special Conditions
Standard: Standard Sale
Asset Class
Retail: Retail Restaurant
Terms
Cash to New Loan: 1
Owner May Carry: 1
Take Property As Is: 1
Other: 1
Business/Building Information
Current Use: Operated as breakfast lunch & dinner
Building Status
Existing: Existing restaurant
Commercial License
None: Check with city for business license
Construction Matrls
Wood: Structure is wood frame
Financing
Cash: 1
Lot Features
Lawn: 1
Lot 20000-39999 Sqft: 1
Lot Level/Flat: 1
Sprinklers in Front: 1
Roofing
Composition Shingle: 1
Wood Shingle: 1
Square Footages
Leasable SqFt: 4900
Retail SqFt: 4900
Signage
Sign Freestanding: Signage located on property
Security Safety
Smoke Detector: 1
Survey Type
Survey Done: 1
Utilities
Electric on Property: Electricity located on property
Water Source
Private: Provide by third party water and power
Listing Location and Property Info
Status: Closed
Entry Date: 2024-05-23
Current Price: $2,300,000
Listing Price: 2600000
Property Sub-Type: Sale
Street #: 2025
Street Name: First
Suffix: Street
County: Ventura
State/Province: CA
Zip Code: 93065
APN/Tax ID: 6300120085
Area: SVW - Simi West
Country: US
Property Features
Land Lease Type: Fee Simple
Financing: Cash
Lot Features: Lawn; Lot 20000-39999 Sqft; Lot Level/Flat; Sprinklers in Front
Roofing: Composition Shingle; Wood Shingle
Security Safety: Smoke Detector
Survey Type: Survey Done
Terms: Cash to New Loan; Owner May Carry; Take Property As Is; Other
Listing Office: RE/MAX ONE
Listing Agent: Roy Belson | roybelson@gmail.com
Agent Email: roybelson@gmail.com
Last Updated: January - 29 - 2025
Based on information from the CSMAR Multiple Listing as of [date the AOR/MLS data was obtained]. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.