$450,000
2017 S Ridgewood Avenue
Details
APN 5344-15-00-0021
Property Type Business for Sale, Retail
Sub Type Business Only, Bar
Square Footage 2,518
Units 1
Tenancy Vacant
Year Built 1955
Acreage 0.300
Zoning commercial-opportunity zone
Parking Spaces 20 spaces
Parking Per SqFt 7.94
Investment Type Owner/User
Ground Lease No
Sale Condition N/A
Business for Sale | 2,518 SqFt
Marketing description
Restaurant with prime frontage on busy Rt. 1. Fully equipped kitchen and tavern utilities with new POS system. All furniture, fixtures and equipment included in the sale. There is seating for about 70 patrons, restrooms and on site parking for about 20 cars. It is turn key, as current owner has done repairs and refurbishment on the roof and floors, roof A/C system is less than 4 years old and there is a handicapped access ramp to the building. Vacant now, but owner may begin operations again.
This is an area that has been prioritized for both commercial, residential and mixed use development by the city and include a multi tenant retail plaza at 2501 S. Ridgewood, proposed riverfront residences with boat slips, and a zoning change to planned commercial development at 1745-1773 S. Ridgewood. Major infrastructure improvements have also been approved by the city. This is a great opportunity to acquire a turn key building for an attractive price and take advantage of the growth to come Liquor license is for beer and wine. All equipment is fully functional and POS system and terminals convey with the sale.
Investment highlights
+ Sale includes all FF&E, building and land.
+ All kitchen and bar equipment is fully functional
+ Central A/C system represented as less than 4 years old. Also has 3 mini split wall units.
+ Building located in an Opportunity zone
+ Liquor permit for beer and wine only
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Zoning
BGC CommercialGeneral CommercialBusiness General Commercial
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