Amazing investment opportunity to own your very own Business (Restaurant) and Building in Newman, CA! The building is approximately 4,200 sq ft while sitting on a 7,405 sf lot! Boasts a mediterranean look with real wood floors, brick walls, high ceilings, central heating and air. Also, a large bar sitting counter, a great kitchen with a walk in fridge + freezer, stainless steel appliances, Giant imperial cooking stove, 10 burner gas stove, lots of prep area, and Storage area. There is a 2nd level office and a back area with courtyard sitting are and rear parking. The business: El Campestre Dos Restaurant has been running for 18+ years and boasts lots of specialty liquor. Contacts us for more information!
Step into a piece of history with this charming historical hotel, a timeless gem built in 1907 & renovated in recent years. Nestled in the heart of downtown Newman, CA, this iconic property offers a unique opportunity to own a piece of local heritage. With 14 units upstairs & boasting modern amenities, plus a thriving restaurant/salon, store front & office downstairs. The lucrative rental opportunity of a steady stream of income is what any investor seeks, or a lucrative opportunity for the visionary entrepreneur.
The median home value in Newman, CA is $380,000. This is lower than the county median home value of $434,600. The national median home value is $338,100. The average price of homes sold in Newman, CA is $380,000. Approximately 64.69% of Newman homes are owned, compared to 28.14% rented, while 7.17% are vacant. Newman real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Newman real estate agent to arrange a tour today!
Newman, California has a population of 12,154. Newman is more family-centric than the surrounding county with 39.08% of the households containing married families with children. The county average for households married with children is 35.12%.
The median household income in Newman, California is $76,895. The median household income for the surrounding county is $68,368 compared to the national median of $69,021. The median age of people living in Newman is 33.8 years.
The average high temperature in July is 96.1 degrees, with an average low temperature in January of 37.8 degrees. The average rainfall is approximately 11.7 inches per year, with 0 inches of snow per year.