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11475 Garzoli Ave
Delano, CA 93215

$3,999,999 USD

Horse Stables For Sale  •  2,500 SF

Property Details

  • Property Type Horse Stables
  • Total Building Size 2,500 SF
  • Lot Size 8.99 AC
  • Building Class C
  • Year Built 2002
  • Cap Rate 10.57 %
  • Tenancy Single
  • Zoning RECREATION/ENTERTAINMENT
0 Transit Score
12 Walk Score

Description

This exceptional event venue, located in the booming city of Delano, California, offers a unique opportunity for investors or entrepreneurs looking for a versatile and lucrative property. With an impressive capacity of between 4,500 and 5,000 people, this Lienzo Charro is avaluable asset for the organization of large-scale events. Strategically located just off 99 Freeway, this venue enjoys a prime location that ensures high visibility and accessibility for attendees. With a nearly 10-acre site, it offers ample space to host a variety of events, from Jaripeos and Charrerías to concerts by renowned musical groups and singers. One of the most attractive features of this property is its wide range of licenses, which include permits for entertainment events such as Jaripeos, Charrerías and Concerts, as well as a License for the Sale of Beer and Wine. This diversity of activities maximizes income potential and attracts a broad customer base. In addition to its event capacity, the property has an extensive parking lot that can accommodate approximately 1,000 vehicles, ensuring the comfort and safety of attendees. But that's not all. This place also has 5 apartments with 2 bedrooms and 1 bathroom each, with a rent of $1,200 each per month, and a house with four bedrooms and two bathrooms. The house is available and adding value for both event organizers and visitors looking to stay on-site. In summary, this property is a unique opportunity in the real estate market, with exceptional potential to generate income through events and recreational activities. With its prime location, extensive facilities and diverse licensing, it represents a solid investment for those looking to capitalize on the entertainment and hospitality industry in the booming city of Delano, California.

Highlights

With its prime location, extensive facilities and diverse licensing, it represents a solid investment for those looking to capitalize on the entertain

Financial Summary (Actual)

Net Operating Income: $422,919 USD (2023)
Cap Rate: 10.57 %
Total Expenses: $47,081 USD

Amenities

  • Property Manager on Site

Public Transportation

AirportDriveWalkDistance
Meadows Field 36 min - 26.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 1000
Type: Surface
Included in Rent: No
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