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Executive Summary
Commercial space is a turnkey business Retail-Resturant- Events- Likely not a Bar. **Capacity:** Accommodates up to 160 guests, making it perfect for weddings, corporate events, and social gatherings. - **Interior:** Beautifully finished with hardwood floors, showcasing the pride of ownership and meticulous attention to detail. - **Liquor License:** Currently holds a valid liquor license, adding significant value and convenience for hosting events. - **Compliance:** The venue has undergone a comprehensive rehab with all necessary permits and has passed local inspections. **Business Assets:** Sale includes all business supplies and a book of business. **Additional Features:** - **Basement Storage:** Ample space for storing event supplies and equipment. - **Parking:** New asphalt parking lot, striped for convenience, providing ample parking space for guests. - **Property Size:** - **Safety:** Equipped with a complete fire suppression system for peace of mind. - **Restrooms:** Separate men's and women's bathrooms, each with 2 stalls. This venue is not just a property; it's a thriving business opportunity. Whether you're an experienced event planner or an entrepreneur looking to enter the industry. Will train.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$21,000
|
$6.86
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$21,000
|
$6.86
|
Financial Summary (Actual - 2023)
| Taxes | |
|---|---|
| Annual | $21,000 |
| Annual Per SF | $6.86 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $21,000 |
| Annual Per SF | $6.86 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,060 SF
Building Class
B
Year Built
1961
Price
$785,000
Price Per SF
$256.54
Tenancy
Single
Building Height
1 Story
Building FAR
0.32
Lot Size
0.22 AC
Zoning
C - Commercail
Parking
40 Spaces (8.7 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Corner Lot
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- T Mari
- Accommodation and Food Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| T Mari | Accommodation and Food Services | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Total Assessment | $60,192 (2025) | |
| Land Assessment | $23,760 (2025) | Annual Taxes | $21,000 ($6.86/SF) |
| Improvements Assessment | $36,432 (2025) | Tax Year | 2023 |
Property Taxes
Parcel Numbers
Land Assessment
$23,760 (2025)
Improvements Assessment
$36,432 (2025)
Total Assessment
$60,192 (2025)
Annual Taxes
$21,000 ($6.86/SF)
Tax Year
2023
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Map
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2701 W 87th St
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