The William Tell House | 26955 State Route 1
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The William Tell House 26955 State Route 1
6,686 SF 100% Leased Retail Building Tomales, CA 94971 £1,877,880 (£281/SF)
Investment Highlights
- Historic Spacious Mahogany Bar with 3 service wells
- Spacious Dining Room
- Large Outdoor Dining/Event Patio
Executive Summary
Prime opportunity to invest in this LLC and own/operate a historic restaurant and bar($2,400,000 for the building/property + $250,000 for the business & type 48 license) and manage some well-appointed short term rentals. The William Tell House has a long and storied history in Marin County. It is currently operated with a full restaurant and bar and 4 self-service short-term rental rooms with potential to expand or room for an owner/operator.
The William Tell House is heralded as the oldest bar in Marin County. This historic saloon dates back to 1877 and features a 100-year old mahogany bar. The restaurant has been recently renovated and is well equipped with a spacious dining room and a large outdoor dining area. The right food and beverage program would be scalable to grow for the tourism season and trim down to serve the local community outside peak season. The spacious bar is equipped with a 5-tap beer system and three speed well stations. The restaurant most recently offered over-the-counter service to position it for high volume. The dining room is updated and equipped for service. It also has a type 1 hood and is well equipped for most types of cooking. Being situated right off Hwy 1, the restaurant is positioned to capture many tourists making their way to Dillon Beach or Bodega Bay.
Uniquely positioned to be the local entertainment and dining choice featuring fresh local ingredients and a tourists' haven, The William Tell also has great expansion opportunities as an event or wedding venue too!
The William Tell House is heralded as the oldest bar in Marin County. This historic saloon dates back to 1877 and features a 100-year old mahogany bar. The restaurant has been recently renovated and is well equipped with a spacious dining room and a large outdoor dining area. The right food and beverage program would be scalable to grow for the tourism season and trim down to serve the local community outside peak season. The spacious bar is equipped with a 5-tap beer system and three speed well stations. The restaurant most recently offered over-the-counter service to position it for high volume. The dining room is updated and equipped for service. It also has a type 1 hood and is well equipped for most types of cooking. Being situated right off Hwy 1, the restaurant is positioned to capture many tourists making their way to Dillon Beach or Bodega Bay.
Uniquely positioned to be the local entertainment and dining choice featuring fresh local ingredients and a tourists' haven, The William Tell also has great expansion opportunities as an event or wedding venue too!
Data Room Click Here to Access
Financial Summary (Pro forma - 2021) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2021) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
6,686 SF
Building Class
C
Year Built
1877
Price
£1,877,880
Price Per SF
£281
Percent Leased
100%
Number of Floors
2
Building FAR
0.40
Lot Size
0.38 AC
Zoning
C-VC-RB1, Marin County - Village Commercial/Residential 6,000 sf Lot, Coastal Zone
Parking
18 Spaces (2.69 Spaces per 1,000 SF Leased)
Amenities
- Restaurant
PROPERTY TAXES
| Parcel Number | 102-074-18 | Total Assessment | £1,202,499 (2023) |
| Land Assessment | £423,576 (2023) | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £778,923 (2023) | Tax Year | 2021 |
PROPERTY TAXES
Parcel Number
102-074-18
Land Assessment
£423,576 (2023)
Improvements Assessment
£778,923 (2023)
Total Assessment
£1,202,499 (2023)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2021
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The William Tell House | 26955 State Route 1
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