Investment opportunity with minimal hassle. Offers a consistent and appealing annual return on investment, boasting a cap rate of 5.55% or higher, determined by the current listing price. Prime downtown location. This property has served as a well-appointed bar/restaurant establishment for nearly four decades. Boasting 9-foot ceilings, it includes dining areas on multiple floors and a stylish bar lounge. The lower level is equipped with a walk-in cooler. A dependable tenant with over a decade of experience in running the restaurant occupies the premises. Zoned TM. A valuable addition to your enduring investment portfolio. (id:47423)
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Detailed Information
Lot
32.42 x 65.17 ft
Total Area
2,000 ft2
Listing Contract Date
2024-05-13
Municipal ID
041200026
Ownership Type
Freehold
# of Parking Spaces
3
Property Type
Retail
Transaction Type
For sale
Zoning Description
TM
Building
Land
Total Size
32.4 ft X 65.2 ft
Size of Irregular Land
32.4 ft X 65.2 ft
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