Cabaret Lounge

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 29852219
Property Subtypes: Tavern/Bar/Nightclub
Status: Pending
Building Size (RSF): 1,729 SF
Gross Land Area: 20,692 SF
Sale Price: $250,000
Unit Price: $144.59 PSF
Property Use Type: Vacant/Owner-User
Building Name: Cabaret Lounge
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/10/2017

Overview / Comments

Location just one block off of State Street, opposite Walgreen's on State / Hancock Street. Site has excellent visibility. Bar has been in business over 50+ years. Building appears to be in good condition, with some updating in recent years, and functions well as a neighborhood bar & nigh club. (Note - owner acquired the property in 2008, but must sell due to retirement). Opportunity for entrepreneur to get into the bar business. Income and Expenses available to qualified purchaser after signing Confidentiality Agreement.
Large circular bar (with built-in sinks, refrigeration & dispensing equipment). Complete list of New F&F and financial information is available to qualified buyers.

Additional Details

Nearest MSA: Springfield
County: Hampden
Zoning: BUSINESS A
Retail Clientele: General
Property Visibility: Excellent
Feet of Frontage: 192
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1905
Year Renovated: 2005
Roof Type: Flat
Construction/Siding: Concrete
Exterior Description: Construction is masonry & wood beams. With exterior being brick front & stucco over concrete block
Total Parking Spaces: 50
Parking Type: Surface
Parking Description: Parking on-site 50+ & nearby lots
Heat Type: Natural Gas
Air Conditioning: Other
Zoning Description: Business A
Lot Frontage: 192
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 33,487 158,906 281,389
Median Age: 28.15 33.72 37.09
Households: 11,169 60,207 109,657

Source

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