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645 5th St

12,800 SF Retail Building Lincoln, CA 95648 £1,598,993 (£125/SF)

Investment Highlights

  • Located in the Heart of Downtown Lincoln
  • Supported by an Abundance of Restaurants, Retailers, and Residential Dwellings
  • 10 Beer Fermentation Tanks
  • Traffic Counts in Excess of 25,000 Vehicles Per Day
  • Historic Charm and Unique Architecture
  • Fully Serviced Elevator

Executive Summary

The subject property is a historic 12,800-square-foot commercial building located on 0.15 acres in Lincoln, California. Originally constructed in 1864 as an Odd Fellows lodge, it has been repurposed over the years for various commercial uses, including Beermann’s Brewery, and most recently operated as Oliver's Brewhouse and Grill until May 2023. In 2000, the property underwent a multimillion-dollar renovation, bringing it up to current building codes. The extensive upgrades included structural, electrical, water, sewer, and HVAC improvements, as well as ensuring the building met ADA compliance standards. Situated just steps away from Lincoln Blvd, which experiences traffic from more than 25,000 vehicles per day (VPD), the property is currently configured as a restaurant/brewery with a spacious ballroom and event space, offering limitless opportunities for a new owner.
Spanning two stories with a loft on the third floor, this property is exceptionally versatile for a variety of commercial uses. Inside, it showcases custom woodwork that adds historic charm. The property boasts multiple well-equipped kitchens, including a prominent pizza oven, catering to culinary establishments aiming to offer authentic dining experiences. Additionally, there is a fully functional brewery including 10 beer fermentation tanks and an elevator. A unique cigar lounge provides an intimate setting for patrons. Operational efficiency is enhanced with 4 customer bathrooms and 2 employee bathrooms, along with 4 operational walk-in freezers for ample storage capacity. With 2 strategically located bars, the property is well-equipped to facilitate hospitality services and accommodate diverse business ventures.
Lincoln, CA, is experiencing strong growth in its residential sector, thanks to significant developments that are shaping its expanding community. Notably, Sun City Lincoln Hills, offering 6,783 residences with resort-style amenities for active adults, stands out. Meanwhile, ongoing projects like Bickford Ranch are introducing a mix of single-family homes and recreational facilities, aiming to provide 1,890 residential units. These initiatives highlight Lincoln's appeal as a growing residential destination, drawing families and retirees alike seeking community-oriented living with convenient urban access.
Strategically located within the Central Valley and in close proximity to Sacramento, Lincoln benefits from a thriving local economy and steady population influx. This favorable positioning supports local businesses and enhances the property's appeal to potential buyers interested in tapping into Lincoln's expanding market.
The subject property offers a distinct chance for an owner-user to purchase a versatile space formerly used as a restaurant and brewery. This property represents a compelling investment opportunity, blending historical significance, a strategic location, and robust residential market dynamics. It is perfectly suited for investors aiming to capitalize on Lincoln's growing residential population and lively community ambiance.

Attachments

645 5th St - OM

Taxes & Operating Expenses (Actual - 2024) Click Here to Access

Annual Annual Per SF
Taxes - -
Operating Expenses - -

Taxes & Operating Expenses (Actual - 2024) Click Here to Access

Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Owner User
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Restaurant
Building Size
12,800 SF
Building Class
C
Year Built
1864
Price
£1,598,993
Price Per SF
£125
Tenancy
Single
Number of Floors
3
Building FAR
1.96
Lot Size
0.15 AC
Zoning
C - Commercial
Frontage
64 ft on 5th St

Amenities

  • Signage
Walk Score ®
Very Walkable (83)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

U.S. Bank
Walmart Neighborhood Market
Mr. Pickle's Sandwich Shop
Golden 1 Credit Union
Safeway
Starbucks
9round Fitness
Sourdough & Co.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
008-146-001
Land Assessment
£149,014 (2023)
Improvements Assessment
£663,991 (2023)
Total Assessment
£813,005 (2023)
  • Listing ID: 32542925

  • Date on Market: 22/07/2024

  • Last Updated:

  • Address: 645 5th St, Lincoln, CA 95648

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