• Prime Oceanview 7800 sqft. Restaurant, Apts, Retail

    Business Description:

    Huge commercial building built in the ’90s with excellent overview. Includes thriving restaurant ,retail space 1500 sqft Apt. several studio Apts. and 30 ft. tall 2 car garage. Complex Totals 7800 square feet.
    Building sits on two prime Ocean-view lots near thriving pier.
    Owner sold entire complex in 2003 for $1.5 million but just recently took it back. He installed a New metal roof replaced the A/C systems and did some extensive upgrades. This complex has been in his family sense it was constructed.
    Lots of potential and an incredible value. Just the rent on the restaurant could pay the entire mortgage. You still have the retail space and apartments for additional income. An incredible value and a truly unique property.

    Asking Price: $765,000

    Gross Income: N/A

    Cash Flow: $125,000

    EBITDA: $125,000

    FF&E: $60,000

    Inventory: N/A

    Real Estate: $750,000

    Established: 1990

    Employees: 4

    Inventory:
    Included in asking price
    Real Estate:
    Included in asking price
    Furniture, Fixtures, & Equipment (FF&E):
    Included in asking price
    Facilities:
    7800 sgft building on two prime ocean view lots
    Reason for Selling:
    Retirement

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