Club 87 2348 Ivy Dr 4,112 SF of Retail Space Available in Orange, TX 77632

Historic Club 87 is temporarily closed, as it prepares to enter an exciting new chapter. A rare opportunity awaits a qualified operator (tenant) to lease, operate, and manage this historic venue and define and shape its next era. Established in 1943 (over 80 years ago!!!) as a bar and nightclub (a honky tonk) it's the oldest bar in the local area and known for live music and has hosted many famous artists and bands throughout the years such as Hank Williams, Sr., George Jones, Bob Willis, Huey Buxton, and many others. Building size is approximately 4,112 square feet. Land parcel is approximately 3.814 acres in size which allows for an outstanding opportunity to easily expand overall operations in a very cost efficient manner if and when desired. The property is NOT located in a flood zone as verified by FEMA maps and has not received any flood damage or any other damage from any of the major weather events including Hurricane Delta, Tropical Storm Imelda, Hurricane Harvey, the Historic March 2016 Flood event, Hurricane Ike, etc. Huge existing outdoor beer garden with covered deck and custom built BBQ pit providing for an awesome area for outdoor activities (special events, community events, vintage and craft sales, festivals, entertainment activities, food trucks, games (cornhole, washers, etc.), etc.) which could also be easily expanded to increase overall capacity due to the huge 3.814 +/- acre land parcel size. Serviced with municipal sewer, municipal water, electricity, and high speed fiber internet. Lease also includes a variety of business personal property including custom built multi level stage for performers, bands, artists, and events – dancefloor with lights, spinning disco ball, etc. – giant horseshoe shaped (“U” shaped) custom built bar, etc. – stainless steel tables, upscale chic, modern, and custom built wall bench, chairs, barstools, designer wall art, etc. --- and much more!!! Operational revenue and profit drivers are from bar activities, food activities, and a variety of special events including private parties such as reunions, receptions, etc. Think about the profit margins on alcohol, food, and entertainment activities. Lease is super cheap at $2,195 per month on an absolute net basis. Deposit is $5,000. The property is a free standing single tenant retail property and the lease includes the building (4,112 +/- SF), the huge land parcel (3.814 +/- acres), certain business personal property, and the intellectual property (name, etc.) of Club 87. Located in a well established residential and commercial area just outside of the City of Orange within the Little Cypress area. Since the club is located outside the City of Orange city limits its location offers significant advantages including substantially lower property tax rates (43% higher property tax rate in the City of Orange!!!) as well as fewer regulatory requirements and is populated by numerous potential customers. Very close to the huge United States Gypsum – Orange Paper Mill (located less than a mile away) that is being modernized and expanded at an announced cost of $715 million along with the creation of 150 plus new direct jobs plus many other non direct jobs (subcontractors, vendors, etc.), County Line Rail’s Sabine River & Northern Railroad newly announced intermodal and maintenance facility (located less than a mile away), Cottonwood Energy electrical generation facility (located roughly two miles away) which Entergy is under contract to purchase for $1.5 billion with plans to create 50 or so additional new direct jobs and spend post acquisition of $310 million in capital expenditures including upgrades so many additional non direct jobs (subcontractors, vendors, etc.), the State of Texas Sabine River Authority’s (“SRA”) headquarters office, SRA’s new Environmental Services Division facilities including laboratory, and SRA’s Gulf Coast Division (all three located roughly a mile away). Additionally, Phase 1 of a master-planned restricted mixed-use development featuring both commercial and residential that is located less than a mile away is set to begin construction soon, although it has not been officially announced yet.