Former Applebee's — Sale in Calexico, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Calexico, CA 92231

Photos

Former Applebee's — Sale in Calexico, CA, photo 1 of 2
Former Applebee's — Sale in Calexico, CA, photo 2 of 2

Description

The subject property is a ±5,400 square foot freestanding restaurant building situated on a +/-1.14-acre parcel of land in Calexico, California. Built in 2003, the property has operated as an Applebee's Neighborhood Grill & Bar since that time. The building will be delivered vacant, presenting an investor or owner-user with the opportunity to acquire a well-maintained, restaurant-ready building at a basis well below replacement cost — offered at just $277.78/Sq. Ft. The subject property fronts onto State Route 111 (Imperial Avenue) — Calexico's most heavily trafficked commercial artery — with strong visibility, and approximately 37,041 vehicles per day. Adjacent to a Hampton Inn & Suites and near national retailers including Walmart, Pizza Hut, T-Mobile, Denny's, and McDonald's, the site benefits from consistent daily traffic from local residents, commuters, and cross-border visitors. The property is equipped with 110 on-site parking spaces, which equates to a parking ratio of more than 20 spaces per 1,000 square feet. The subject property is zoned Commercial Highway (CH), a designation that accommodates multiple conforming uses including full-service and fast-food restaurants, hotels and motels, shopping centers, supermarkets and pharmacies, medical and health service offices, banks and financial institutions, and athletic/health clubs. Calexico is located in the El Centro MSA in the southeastern portion of Imperial County, directly adjacent to Mexicali — a metro area of over 1.2 million residents. The Calexico-Mexicali port of entry facilitates approximately 30,000 daily vehicle crossings, and cross-border shoppers from Mexicali represent a meaningful share of the city's retail sales tax base. Ongoing public investment — including the Calexico West Land Port of Entry modernization, the Gran Plaza Outlets retail center, a new Calexico Unified School District high school campus, and downtown revitalization initiatives — continues to strengthen long-term demand in th

Market Context

This food service in Calexico, CA is listed for sale. Compare it against other food service listings for sale in Calexico, CA — view the full market.

Contact

Explore this market

Similar Business for Sale in California