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198 Main St 2,302 SF 100% Leased Retail Building Bridgeport, CA 93517 $1,170,714 CAD ($508.56 CAD/SF) 11% Cap Rate



INVESTMENT HIGHLIGHTS
- Iconic Jolly Kone restaurant draws steady seasonal tourist traffic
- Includes 3 commercial buildings, 1 bed/1bath house, and 6 RV spaces on Main Street
- Mixed-use zoning allows multiple income-producing opportunities
EXECUTIVE SUMMARY
Rare investment opportunity in the heart of downtown Bridgeport! This unique mixed-use property includes the iconic Jolly Kone seasonal restaurant, a well-known roadside favorite for over 50 years, plus two additional commercial buildings, a 1-bedroom/1-bath house, and six RV spaces - all on a .69 acre parcel with Main Street frontage. The restaurant draws steady traffic from tourists and locals alike during operating season (late March through halloween), offering walk-up service, a shaded dining area, and nostalgic charm. The property's mixed-use zoning supports a variety of income-producing uses. Seller will consider carrying the note with minimum 25 percent down. Additional address on the property, 178 Main Street.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,302 SF
Year Built
1963
Price
$1,170,714 CAD
Price Per SF
$508.56 CAD
Cap Rate
11%
NOI
$128,778 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.25
Lot Size
0.21 AC
Zoning
CH
Frontage
140’ on Main Street
AMENITIES
- 24 Hour Access
- Freeway Visibility
- Restaurant
- Signage
- Monument Signage
PROPERTY TAXES
| Parcel Number | 008-102-008-000 | Improvements Assessment | $106,039 CAD |
| Land Assessment | $160,033 CAD | Total Assessment | $266,072 CAD |
PROPERTY TAXES
Parcel Number
008-102-008-000
Land Assessment
$160,033 CAD
Improvements Assessment
$106,039 CAD
Total Assessment
$266,072 CAD
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198 Main St
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