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Mike's Tiki Bar 44 Belden Hill Rd 2,122 SF Retail Building East Burke, VT 05832 $2,500,000 ($1,178.13/SF)



INVESTMENT HIGHLIGHTS
- Seasonal Tiki Bar. 9.42 Acres. Permit for 15 RV/Camp Sites. Apt for rent or workers. Bath/Shower Facility. Right on Kingdom Trails Mountain Biking.
EXECUTIVE SUMMARY
Welcome to Mike's Tiki Bar, in operation since 2014 located on 9.5 acres, in East Burke Village, the heart of Kingdom Trails. This large, in town parcel has so much to offer. A spacious updated apartment sits above a downstairs space that is currently used for storage and an office, also being partially set up and permitted to hold an ice cream shop, or potentially other take out options. The tiki bar space is permitted to hold 100 people, and also has a permit for a 40 seat restaurant and a dry goods store. There is a three stall coin operated shower, a structure with two bathrooms that are all set up, as well as a separate structure that will be ready as soon as toilets are installed. There is a large flat area that is currently used for parking, and additional acreage that is permitted for 15 overnight RV camping spots. Multiple large storage sheds throughout the property provide space for large equipment, and any other storage needs that you may need to operate this business. If you've spent anytime in East Burke you know the tiki bar and how loved it is by bikers, locals, or anyone looking to enjoy an evening outside, with dinner from the multiple food trucks, and potentially a little live music. So much has been put into making this property such an attraction, and the permits are in place to take it even further if that's what you'd like to do. Don't miss this amazing opportunity to own a business in the heart of this incredible town.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,122 SF
Building Class
B
Year Built
2008
Price
$2,500,000
Price Per SF
$1,178.13
Tenancy
Single
Building Height
1 Story
Building FAR
0.01
Lot Size
9.43 AC
Zoning
Village Mixed Use - Village Mixed Use
Parking
26 Spaces (12.25 Spaces per 1,000 SF Leased)
Frontage
72’ on Belden Hill Road
PROPERTY TAXES
| Parcel Number | 111-034-10655 | Improvements Assessment | $399,100 |
| Land Assessment | $334,700 | Total Assessment | $733,800 |
PROPERTY TAXES
Parcel Number
111-034-10655
Land Assessment
$334,700
Improvements Assessment
$399,100
Total Assessment
$733,800
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Mike's Tiki Bar | 44 Belden Hill Rd
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