Bar & Burger with Real Estate - Somerville

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Asking Price:
$1,800,000

Gross Revenue:
$1,501,792
Net Operating Income:
 Not Disclosed
FF&E:
 Not Disclosed
included in asking price

Building Sq. Ft.:
 Not Disclosed
Price/Sq. Ft.:
 Not Disclosed
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Property Description

This is a great opportunity to purchase a Bar & Burger joint with Real Estate. This site has a history of success along and is primed for Real Estate development. This restaurant site has many years of success and is located in a densely populated part of Somerville. With a full liquor license and weekly sales of $30,000 per week this site is a great conversion opportunity for several different concepts! (The name is not included in the sale.) This is a developable lot that can go up several stories and it is a very bankable deal.

FACILITY: Freestanding Building
PARKING: Street Parking Available
EQUIPMENT: The equipment is in excellent condition and has been well maintained.
LEASE TERM: New long-term lease
BASE RENT: $4,500 NNN
CONCEPT: Bar & Burger Joint
SIZE: 2,601 square feet
SEATS: 67 seats
HOURS: Open daily 11a-11p
LICENSES: Full Liquor License (1:00 am)
R.E. VALUE: The Real Estate is valued at $1.5mm and the 3 bedroom apartment
generates $2,500 per month in rent
SALES: $1,501,792 per year

About the Property

Type:
Other Business Real Estate
Building Status:
Established
Current and Prior Use:
Restaurant with Residential Unit
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Listing Info

ID:
1509329
Ad Detail Views:
670
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Property Listed by

Todd Smith

Corbett Restaurant Group

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