ASKING PRICE REDUCED & BACK ON THE MARKET! District Realty Group, as exclusive representative for 464, is pleased to present a unique opportunity to own an established, modern, and turnkey restaurant located in the heart of Downtown LA in the booming Historic Core neighborhood. Directly across from "Yuko Kitchen" and a few doors from the "Regent Theater". The space consists of a 2,300 SF +/- restaurant interior plus a 300 SF +/- patio. 464 is a CORNER location, close to numerous notable restaurants (IE Kazu Nori, Bar Ama, Baco Mercat, Yuko Kitchen, Regent Theater), galleries, apartment complexes, bars, and other great amenities. The subject restaurant is backed by a long-term below-market-rental-rate leasehold, a newly renovated restaurant space with kitchen (with hood), TYPE 41 beer/wine license, a modern build-out, and modern FF&E.
RENT: $7,600 MG (Landlord pays water)
TERM: 8 Years + One 5 Year Option @ Market + 4% Increases.
NOTE: 464 has been approved to serve full liquor (Type 47). Please inquire for more details + documentation.
Potential Business Upsides: FULL liquor CUP approval, increased delivery proximity, artisan drinks, conversion to quick-serve takeout concept, pizza oven space utilization, and much more!
Located in the historic core of Downtown Los Angeles off of 5th and Main Street just south of Kazunori, Regent Theater, Yuko, and many other popular amenities.
