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504 19th Ave
Princeton, MN 55371
Merlin's Family Restaurant · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Restaurant
Building Size
3,650 SF
Building Class
C
Year Built
1982
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.21 AC
Zoning
B-3 General Commercial
Parking
30 Spaces (8.22 Spaces per 1,000 SF Leased)
Frontage
158’ on 19th Ave

AMENITIES

  • Fireplace
  • Freeway Visibility
  • Pylon Sign
  • Restaurant
  • Signage
  • Air Conditioning

ABOUT 504 19TH AVE , PRINCETON, MN 55371

Merlin’s Family Restaurant has been and remains a staple business in the community. It has been serving excellent homemade food to its loyal patrons for the past 25 years. It is located directly off of hwy 169 and the corner of Hwy 95 in a growing and developed business park including stores like Walmart, Advance Auto Parts, BP, and Princeton Wine and Spirits. There is one other restaurant in the business park and it serves Mexican cuisine. There is one other establishment in Princeton that serves a sit-down style breakfast. The Restaurant is located in a town of approximately 5,000 people. Patronage includes people headed to and from northern lake and recreational property. Assets: Advanced POS system Full time manager Consolidated and established vendor relationships 26 employees, appropriate mix of full and part time, strong longevity Website New Furnace and A/C Social media presence with active followers and strong search engine ratings Multiple newer grills Mixer High volume exhaust system New Ice machine Desert display/refrigeration Custom racking and organization for dry goods Large walk in refrigeration High volume dish washing station 2 New Fryers Other industrial cooking equipment - Please contact for full list

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
24-921-0080
Land Assessment
$168,500
Improvements Assessment
$307,600
Total Assessment
$476,100
  • Listing ID: 12568640

  • Date on Market: 5/15/2018

  • Last Updated:

  • Address: 504 19th Ave, Princeton, MN 55371

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