16130 Sierra Way
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16130 Sierra Way
3,070 SF Vacant Retail Building Kernville, CA 93238 £841,134 (£274/SF) 9.17% Net Initial Yield
Investment Highlights
- General Store, Restaurant, Home & Rental Income Opportunity
- ±1,950 SF Fully Operational Store & Deli
- Perfect Opportunity for a Family Run Business
- Turn Key Purchase + Business + Home + Bonus Land
- ±1,820 SF Living Unit/Rental Property w/ Great Potential
- Unique & Beautiful Property w/ 2-Story House
Executive Summary
Operational business & rental income opportunity: offering ±5,845 SF consisting of ±1,950 SF of general store & restaurant, ±1,820 SF newly renovated living space, ±1,175 SF of additional storage & a ±900 SF garage/freezer. RiverKern General Store is the closest lodging to destinations such as “Trail of 100 Giants” and the wilderness areas of the southern Sierra Nevada Mountain Range. Steadily increasing clientele – including European and Asian travel agencies – continue to add a tour of the southern Sierras to their trips to LA, San Diego, Death Valley and Las Vegas. Kernville and Lake Isabella are popular fishing & recreational destinations.
RiverKern store: offers all camping essentials including groceries, beer/wine, camping/fishing supplies, clothing, & more! The Deli offers a wide variety of food on their menu with indoor/outdoor patio seating overlooking the nearby river & surrounding mountains. The store’s commercial kitchen has all equipment included such as BBQ Smoker, cooler, freezer, multi-section prep station, double basket fryer, flat top, hood oven, & walk in cold box with storage. Sales growth is from exposure to public through nearby expanded reservation media, and a steady increase in guests from Europe and Asia through OTA's. Analysis on Page 6 based on 14 summer weeks and 38 winter weeks.
Two story house: located in the rear has potential to be used by an owner/user or split into a duplex for rental income. The downstairs level consists of a full size kitchen, open living room, large master bedroom, recently renovated bathroom & laundry room. The upstairs offers an open living room, kitchen, dining room, 2 bedrooms, full bath & wrap-around balcony. Both levels have all new flooring & plumbing throughout.
The garage: has a large walk-in freezer box & storage for all store products & food. Offers a large storage building w/ storage expansion opportunity. Ample space for RV's, boats, trailers, & more! Tourists are attracted to the building all year round & often stop for the attractive patio dining.
RiverKern store: offers all camping essentials including groceries, beer/wine, camping/fishing supplies, clothing, & more! The Deli offers a wide variety of food on their menu with indoor/outdoor patio seating overlooking the nearby river & surrounding mountains. The store’s commercial kitchen has all equipment included such as BBQ Smoker, cooler, freezer, multi-section prep station, double basket fryer, flat top, hood oven, & walk in cold box with storage. Sales growth is from exposure to public through nearby expanded reservation media, and a steady increase in guests from Europe and Asia through OTA's. Analysis on Page 6 based on 14 summer weeks and 38 winter weeks.
Two story house: located in the rear has potential to be used by an owner/user or split into a duplex for rental income. The downstairs level consists of a full size kitchen, open living room, large master bedroom, recently renovated bathroom & laundry room. The upstairs offers an open living room, kitchen, dining room, 2 bedrooms, full bath & wrap-around balcony. Both levels have all new flooring & plumbing throughout.
The garage: has a large walk-in freezer box & storage for all store products & food. Offers a large storage building w/ storage expansion opportunity. Ample space for RV's, boats, trailers, & more! Tourists are attracted to the building all year round & often stop for the attractive patio dining.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,070 SF
Building Class
C
Year Built
1955
Price
£841,134
Price Per SF
£274
Net Initial Yield
9.17%
NOI
£77,132
Percent Leased
Vacant
Number of Floors
2
Building FAR
0.06
Lot Size
1.10 AC
Zoning
CH - The purpose of the Highway Commercial (CH) District is to designate areas for uses and services normally associated with the traveling public.
Frontage
100 ft on Sierra Way
Amenities
- Fenced Lot
1 of 38
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16130 Sierra Way
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