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Investment Highlights
- Turn-Key Business and Real Estate Sale
- 200-Person Seating (50 Restaurant / 150 Banquet Hall)
- Fully Fixtured Kitchen With Multiple Hoods
- Priced Below Appraised Value
- 7,200 SF Building With Attic and Potential Expansion
- Real Estate, Business, and All Furniture, Fixtures, and Equipment Included
Executive Summary
Turn-Key Business and Real Estate Sale
• Priced Below Appraised Value
• Established Restaurant and Banquet Hall
• +/- 25-Year Operational History
• 200-Person Seating (50 Restaurant / 150 Banquet Hall)
• Located in Pending New Mixed-Use Development Corridor
• Local Favorite With Loyal Following
• 7,200 SF Building With Attic and Potential Expansion
• Fully Fixtured Kitchen With Multiple Hoods
• Center of Borough on Main Corridor
• Adjacent Public Parking Facility and Ample On-Street Parking
• Real Estate, Business, and All Furniture, Fixtures, and
Equipment Included
• Priced Below Appraised Value
• Established Restaurant and Banquet Hall
• +/- 25-Year Operational History
• 200-Person Seating (50 Restaurant / 150 Banquet Hall)
• Located in Pending New Mixed-Use Development Corridor
• Local Favorite With Loyal Following
• 7,200 SF Building With Attic and Potential Expansion
• Fully Fixtured Kitchen With Multiple Hoods
• Center of Borough on Main Corridor
• Adjacent Public Parking Facility and Ample On-Street Parking
• Real Estate, Business, and All Furniture, Fixtures, and
Equipment Included
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,200 SF
Building Class
C
Year Built
1900
Price
$1,660,000
Price Per SF
$230.56
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.87
Lot Size
0.19 AC
Zoning
C-3 Central Business Dist - Central Business Dist
Moderately walkable
60/100
Very drivable
80/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0604 02230000 | Improvements Assessment | $160,110 |
| Land Assessment | $29,360 | Total Assessment | $189,470 |
Property Taxes
Parcel Number
0604 02230000
Land Assessment
$29,360
Improvements Assessment
$160,110
Total Assessment
$189,470
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58 S 3rd St
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