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EXECUTIVE SUMMARY
South Bay Bar with Property – Local Venue with no Food Service Required. This cozy South Bay bar provides its patrons a relaxed, friendly atmosphere. The venue boasts excellent freeway access, is adjacent to a popular business that attracts customers, and has a large management office and a separate income producing tenant. This quintessential dive bar offers affordable drinks, billiards, sports event viewing and a classic pub like experience.
This overall property is comprised of an 1,973 square foot structure on a 0.12 acre lot. The bar has a spacious 400 square foot (approx.) management office and a tenant with another 500 square feet (approx.) that leases for $1,200/month. The sale includes all of the business and property’s furniture, fixtures, equipment, and liquor license. An estimated $5,000 in inventory will be sold at cost at close in addition to purchase price.
This bar enjoys a largely local client base that work or reside in the area, or those who visit a large nearby sporting facility. The venue’s main street throughway and freeway access provide it stellar access and main street visibility – which are further complimented by 2 busy neighboring businesses. The absentee run venue can benefit from an onsite working owner-operator with hospitality experience that can provide friendly customer service and ensure strong ticket sales.
This overall property is comprised of an 1,973 square foot structure on a 0.12 acre lot. The bar has a spacious 400 square foot (approx.) management office and a tenant with another 500 square feet (approx.) that leases for $1,200/month. The sale includes all of the business and property’s furniture, fixtures, equipment, and liquor license. An estimated $5,000 in inventory will be sold at cost at close in addition to purchase price.
This bar enjoys a largely local client base that work or reside in the area, or those who visit a large nearby sporting facility. The venue’s main street throughway and freeway access provide it stellar access and main street visibility – which are further complimented by 2 busy neighboring businesses. The absentee run venue can benefit from an onsite working owner-operator with hospitality experience that can provide friendly customer service and ensure strong ticket sales.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,973 SF
Building Class
C
Year Built
1958
Price
$1,100,000
Price Per SF
$557.53
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.38
Lot Size
0.12 AC
Opportunity Zone
Yes
Zoning
C2
Parking
5 Spaces (2.91 Spaces per 1,000 SF Leased)
Frontage
50’ on Prarie
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Prairie Hospitality Group Inc
- Public Administration
- -
- -
- -
- Sly Fox Irish Pub
- Accommodation and Food Services
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Brian E Eldridge | - | - | - | - | ||
| Prairie Hospitality Group Inc | Public Administration | - | - | - | ||
| Sly Fox Irish Pub | Accommodation and Food Services | - | - | - |
Walk Score®
Very Walkable (76)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 4074-016-013 | Improvements Assessment | $208,080 |
| Land Assessment | $572,220 | Total Assessment | $780,300 |
PROPERTY TAXES
Parcel Number
4074-016-013
Land Assessment
$572,220
Improvements Assessment
$208,080
Total Assessment
$780,300
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16825-16829 Prairie Ave
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