TURN KEY LANDMARK RESTAURANT

Retail-Commercial for Sale
Catylist Listing ID: 30327189
Property Subtypes: Restaurant, Tavern/Bar/Nightclub
Building Size (RSF): 4,120 SF
Gross Building Area: See Agent
Sale Price: $475,000
Unit Price: $115.29 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/12/2018

Overview / Comments

Landmark restaurant with loyal customer base in beautiful historic building is offered as a turn key business opportunity! Established as a restaurant in 1992. Madison's Warehouse, is configured for 90 seats but can easily accommodate 150. Holds a transferable (with background check) 6COP liquor license. Substantial internet presence. Building has been recently updated to include roof, facade, and interior. All equipment is included in sale and is in good working order with most refrigeration still under factory warranty. Dish Washer, Ice Machine included! As well as 4 station POS system, cookware, service ware, and much more! Current owner (Since 2004) will even provide short term support after the sale! Did I mention the great parking? Or the huge kitchen? Better Call Today!

Additional Details

Nearest MSA: Tallahassee
County: Jackson
Taxing Authority: Jackson County
Tax ID/APN: 03-4N-10-0346-0000-0090
Zoning: COMMERCIAL
Retail Clientele: General, Family, Business, Traveler, Tourist
Property Located Between: In Historic Downtown One Block from Court House
Property Visibility: Excellent
Largest Nearby Street: Hwy 90 (Lafayette St.)
Feet of Frontage: 60
Highway Access: One block from Hwy 90 (Lafayette St.)
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 1925
Year Renovated: 1987
Parking Description: Public Parking surrounds building, 30-40 available
Interior Description: Natural Brick and wood decor with high beamed ceilings.
Legal Description: DB 368 P 459 PARCEL 1: COMM 10 FT N OF SEC OF LOT 9 PLAN OF MARIANNA, RUN W 75 FT, N 30 Incomplete as taken from County records, please verify all information.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,711 9,059 12,945
Median Age: 41 39.16 41.01
Households: 1,541 3,710 5,256

Contact

Photograph of Listing Agent

Brian Hinton

ERA Neubauer Real Estate Gulf Coast CMLS Member
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