Listed by Hall Associates
$395,000
Community Restaurant for Sale
Details
APN 1120106900
Property Type Retail
Sub Type Restaurant, Bar
Square Footage 5,920
Net Rentable (SqFt) 2,400
Units 1
Cap Rate 4.56%
NOI $18,000
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Options NA
Price per SqFt $8
Class B
Year Built 1974
Stories 1
Acreage 1.920
Zoning NZ
Parking Spaces 24 spaces
Parking Per SqFt 4.05
Ground Lease No
Sale Condition N/A
Updated Community Restaurant and Additional Land
Marketing description
Spacious restaurant building available for owner user or owner may negotiate lease extension with existing tenant. +/-2,400sf of recently renovated restaurant space and plenty of storage in lower level.
Space features a large kitchen with 14 foot hood vent, 12 foot bar, 2 bathrooms, gas log fireplace in dining room and central air with added mini-split for comfort.
Sale includes three additional parcels totaling 1.46 additional acres, including one home site on Indian Trail. Additional lots can be used for special events, recreation, or additional parking for the commercial space.
Investment highlights
Fully Updated Restaurant Space
Easy Access from Philpott Lake
14 Foot Restaurant Hood System
Additional Lots Included in Sale
Residential Building Plot Included
Listing Contacts
Listed by Hall Associates
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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$18,000.00
$1,500.00/mo
Valuation Metrics
0
DSCR
4.56%
Cap Rate
4.56%
ROI
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