See Home Value
$5,883,242*
Commercial - Off Market

7115 Beach Boulevard

Buena Park, CA 90620
bedrooms
Studio
bathrooms
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
-
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
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Property Highlights

Air Conditioning


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20181129
11/29/2018
Studio
-
-
$4,350,000
bedrooms
Studio
bathrooms
-
-
-
-
-

Building Info

7115 Beach Boulevard 7115 Beach Boulevard, Buena Park, CA 90620
More about this Building
7115 Beach Boulevard
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About Buena Park


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