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Map
$5,883,242*
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Commercial -
Off Market
7115 Beach Boulevard
Buena Park, CA 90620
Studio
0 Bath
$3,590,000 - $4,386,000
Reference Base Price*
47.52%
Since Jun 1, 2019
National-US
Primary Model
About This Property
This building / Mediterranean Restaurant in Buena Park is an iconic
restaurant/hookah lounge and banquet hall located in the heart of
Orange County, CA. This location is approximately 9,150 Sq. Ft.,
including patio space. Recently Remodeled in 2005 and again in 2018
with permits and approvals from city of Buena Park (Please note the
Property is for sale only, not the restaurant business). There is a
little less than 10 years left on the lease at $20,000 / month with
an increase of 2% annually. Cap Rate of 4.85%. This investment is
extravagantly built with imported goods, architecture, and decor.
The restaurant also contains an equally luxurious and large patio
area with water fall fountains, imported stone and an expansive
seating area. Awarded numerous awards and recognition, Riviera
Mediterranean Restaurant is one of Orange County's premier venues
for large private parties as well as a trendy hookah lounge
restaurant. The restaurant has frontage plus prominent monument
signage directly on Beach Boulevard and is situated on a highly
visible pad in a Target anchored shopping center. Walking distance
to "The Source Development" 450,000 sq. ft. of urban retail. This
property is conveniently located in the Entertainment corridor
right off Beach Boulevard exit on the 91 Freeway in Buena Park. The
property's frontage on Beach Boulevard gives the site visibility to
over 61,000 vehicles per day and is also close to Orangethorpe
Avenue boasting an additional 31,000 vehicles per day.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
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Property Type
Commercial
Property Taxes
-
HOA Dues
-
Year Built
1970
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Sep 13, 2021 | Sold | $3,707,500 | |
Sold | |||
May 5, 2019 | No longer available | - | |
No longer available | |||
Apr 7, 2019 | Price Decreased |
$3,988,000
↓ $100K
(2.5%)
|
|
Price Decreased | |||
Feb 3, 2019 | Price Decreased |
$4,088,000
↓ $100K
(2.4%)
|
|
Price Decreased | |||
Dec 14, 2018 | Price Decreased |
$4,188,000
↓ $162K
(3.7%)
|
|
Price Decreased |
Show More
Property Highlights
Air Conditioning
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
11/29/2018
|
|
Studio
|
-
|
-
|
$4,350,000
Studio
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