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1st Floor - Unit A
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Retail
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5,703 SF
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$1,500,000 USD
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Unit Size: 5,703 SF
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Condo Use: Retail
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Price: $1,500,000 USD
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Sale Type: Investment
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Price/SF: $263.02 USD
Sale Notes
Real estate only-business not included. The sale does convey a comprehensive lineup of kitchen and restaurant equipment. This investment offers a secure tenant with three years remaining on the lease and a 5.9 CAP rate at the list price. The all-brick structure showcases dramatic ceilings, exposed rafters, a fully equipped commercial kitchen, and multiple guest areas designed for capacity and flow. The bar seats 20, complemented by 20 casual seats; the dining room includes 8 booths and seating for 72+ guests. A private event space adds 40 seats, and the landscaped, screened patio accommodates 40+ more. Recent renovations-including a complete event-space overhaul-underscore the property's exceptional condition. With two newer rooftop units and no deferred maintenance, this asset is truly turn-key. All FF&E, including kitchen equipment, ventilation hoods, and fire-suppression systems, convey with the purchase. The tenant currently operates a casual Italian dining concept.
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Anthony Brummel
Brummel Properties