PRIME downtown real estate. The Palace Restaurant and Lounge, has been a staple in the downtown main street for years. Many a people stopped in for some food, a drink or live band at night in the bar and lounge. It has since been shut down for many years but now is your opportunity to take advantage of this great deal. Located in the heart of downtown Broadway, you couldn't get a much better location. Within walking distance from everything and located on a very busy HWY 20/395 on a corner lot with lots of parking. There are two tax lots to the property one has the building on it and the other has a vacant lot for parking, or you could build on the vacant lot if you desired. The building itself was built in 1932, it has concrete walls and is 4,900 sq. ft. It has a metal roof and large display windows in the front. There is a large restaurant area for dining as well as a large kitchen area for food preparation. There are offices in the back as well as a huge walk in food cooler area. The other side has a private lounge/bar area complete with a dance floor and live entertainment stage. There are restrooms as well. The property has been closed for many years and there is a great deal of work that would need to be done on the building inside and out to get it back open again. But this is a great location and as downtown main street continues to improve this will be an excellent future investment for someone. Don't let me kid you this will require a ton of work and know how to get back up and going again, however it is one of the best locations on Broadway.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
