2025 First Street, Simi Valley, CA 93065

$2,300,000

13-Lots of back of house kitchen equipme

Property Type: Commercial Square Footage: 4,900 Lot Size (sq. ft.): 29,700 Status: Closed

Current Price: $2,300,000 List Date: 5/23/2024 Last Modified: 1/29/2025

Overview

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 1 ... (Read more) 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.

Listing Details MLS# 224002018

General Property Information

Approx SqFt: 4900
Lot Acres: 0.68
Lot SqFt: 29700
Year Built: 1974
Construction Status: Unknown

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 Location and Property Info

Entry Date: 2024-05-23
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

Listing Info

# of Units: Yes
Year Established: 1974
Rent Max: 0

Property Info

Cooling: Yes
Baths - 1/2: 2
Entry Level: Yes
Stories Total: Yes
Baths - 3/4: 0

Status Change Info

Pending Date: 2024-11-19
Closed Date: 2025-01-16
Closed Price: 2300000
Sold Price/SqFt: 469.39
Seller Concessions: Yes

More Information

Asset Class

Retail: Retail Restaurant

Building Status

Existing: Existing restaurant

Commercial License

None: Check with city for business license

Construction Matrls

Wood: Structure is wood frame

Special Conditions

Standard: Standard Sale

Square Footages

Leasable SqFt: 4900
Retail SqFt: 4900

Signage

Sign Freestanding: Signage located on property

Utilities

Electric on Property: Electricity located on property

Water Source

Private: Provide by third party water and power

Listing, Location and Property Info

List Price/SqFt: 530.61
Zip + 4: 2819

Land Lease Type

Fee Simple: Yes

Terms

Cash to New Loan: Yes
Owner May Carry: Yes
Take Property As Is: Yes
Other: Yes

Business/Building Information

Current Use: Operated as breakfast lunch & dinner

Financing

Cash: Yes

Lot Features

Lawn: Yes
Lot 20000-39999 Sqft: Yes
Lot Level/Flat: Yes
Sprinklers in Front: Yes

Roofing

Composition Shingle: Yes
Wood Shingle: Yes

Security Safety

Smoke Detector: Yes

Survey Type

Survey Done: Yes

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.