$295,000
$300,000
1.7%For more information regarding the value of a property, please contact us for a free consultation.
3,753 SqFt
SOLD DATE : 07/15/2022
Key Details
Sold Price $295,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 3,753 sqft
Price per Sqft $78
Subdivision Oakington Park Third Sub
MLS Listing ID 507372
Sold Date 07/15/22
Year Built 1966
Lot Size 0.398 Acres
Acres 0.398
Lot Dimensions 90x124
Property Description
Turn key Business looking for a new owner to take over, after 44 years under current ownership! The current owner is retiring and ready to hand over this operational and established restaurant and bar that is known as Arvin Cedar Bar. Netting positive cash flow with a 38% cap rate, they have a 3 way liquor license, large and smaller space for hosting events, parking lot with 40 spaces, 3753 sq ft with all equipment included. Located near 65 and 80/94. Set up a viewing of this great business and investment opportunity! Will provide an income statement with letter of intent.
Location
State IN
County Lake
Interior
Interior Features Elevator
Heating Ceiling, Natural Gas
Fireplace N
Exterior
View Y/N true
View true
Others
Tax ID 450829481007000001
Acceptable Financing NRA20240111125600346795000000
Listing Terms NRA20240111125600346795000000
Financing Conventional
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Bought with McCormick Real Estate, Inc.
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