Property Details
About this Property
Turnkey Income with 8.12% Cap Rate - Bar & Restaurant Investment on Main Street. Located in the charming town of Foresthill, this fully leased mixed-use commercial building offers immediate cash flow with a cap rate of 12%. The property houses two established tenantsa bar and a restauranteach operating under leases with recent rent increases aligning with current market conditions.With an NOI of $36,100, this asset provides reliable passive income. The building is older but structurally sound, with future upside available through renovations or strategic tenant repositioning. Foresthill is a community with historic charm and steady local trafficperfect for long-term holding or as a value-add opportunity. Whether you're a seasoned investor or looking for a 1031 exchange, this Main Street gem delivers stability, upside, and income from day one.
MLS Listing Information
MLS #
ME224051145
MLS Source
MetroList Services, Inc.
Commercial Information
# Buildings / # Units
0 / 1
Parking Spaces
0
Present Use
Mixed
Utilities
Other, Propane
Interior Features
Flooring
Linoleum
Cooling
Central Forced Air, Evaporative Cooler
Heating
Central Forced Air
Exterior Features
Roof
Shingle
Foundation
Raised
Parking, School, and Other Information
Sewer
Septic Tank
Water
Other
Zoning
Mixed Use
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 0 | – | 1 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
24620 Main St is a Commercial Sale in Foresthill, CA 95631. This 3,218 square foot property sits on a 0.276 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at $200,000 and was built in –. This address can also be written as 24620 Main St, Foresthill, CA 95631.
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This listing information is up-to-date as of June 16, 2025. For the most current information, please contact Samantha Meltz, (530) 388-8474
