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11475 Garzoli Ave - RANCHO EL ZARAPE

2,500 SF Sports & Entertainment Building Offered at $3,999,999 at a 10.57% Cap Rate in Delano, CA 93215

Investment Highlights

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

Executive Summary

If you are looking for a Gold Mine... Buy yourself a Lienzo Charro. I offer you the Lienzo Charro el Zarape in Delano, California, and enjoy the fi… fie… fiesta… (Mexican party). Thousands of spectators ready to attend the next event. Jaripeos, concerts, dances, festivals, private celebrations. Lienzo Charro El Zarape – Delano, Ca. Parking for approximately 1 thousand vehicles. A million of latinos living around the are. In Lienzo Charro El Zarape artists such as Pepe Aguilar, Joan Sebastian, Ramón Ayala, Grupo Firme, Ezequiel Peña, El Recodo, Recoditos, El Dasa, Los Sebastianes, Eslabón Armado… and many more have performed. Call me, but first watch the video about this valuable property. 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.

Financial Summary (Actual - 2023)

Annual Annual Per SF
Gross Rental Income $318,000 $127.20
Other Income $152,000 $60.80
Vacancy Loss - -
Effective Gross Income $470,000 $188.00
Taxes $9,031 $3.61
Operating Expenses $38,050 $15.22
Total Expenses $47,081 $18.83
Net Operating Income $422,919 $169.17

Financial Summary (Actual - 2023)

Gross Rental Income
Annual $318,000
Annual Per SF $127.20
Other Income
Annual $152,000
Annual Per SF $60.80
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $470,000
Annual Per SF $188.00
Taxes
Annual $9,031
Annual Per SF $3.61
Operating Expenses
Annual $38,050
Annual Per SF $15.22
Total Expenses
Annual $47,081
Annual Per SF $18.83
Net Operating Income
Annual $422,919
Annual Per SF $169.17

Property Facts

Price $3,999,999
Price Per SF $1,600
Sale Type Investment or Owner User
Cap Rate 10.57%
Sale Conditions
1031 Exchange
  • Business Value Included
Property Type Sports & Entertainment
Property Subtype
Horse Stables
  • Sports & Entertainment Theater Concert Hall
Building Class C
Lot Size 8.99 AC
Building Size 2,500 SF
No. Stories 1
Year Built/Renovated 2002/2024
Tenancy Single
Parking Ratio 10/1,000 SF

Amenities

  • Property Manager on Site

About 11475 Garzoli Ave , Delano, CA 93215

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.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 521-070-12-00-4
  • 521-070-18-00-2
Land Assessment
$912,900 (2024)
Improvements Assessment
$836,400 (2024)
Total Assessment
$1,749,300 (2024)
Annual Taxes
$9,031 ($3.61/SF)
Tax Year
2023 Payable 2023

zoning

Zoning Code RECREATION/ENTERTAINMENT (RECREATION/ENTERTAINMENT. (GENERAL))
RECREATION/ENTERTAINMENT (RECREATION/ENTERTAINMENT. (GENERAL))
  • Listing ID: 31716248

  • Date on Market: 5/6/2024

  • Last Updated:

  • Address: 11475 Garzoli Ave, Delano, CA 93215

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