INVESTMENT/BUSINESS OPPORTUNITY! ~10% Cap Rate based on projected Net Operating Income. Here is the opportunity for an investor/bar owner/restauranteur to purchase a commercial property with a bar/restaurant on the ground floor and a large apartment upstairs. The square footage for the bar is 1,600 SF & the apartment upstairs is 1,500 SF. The current bar has been in business for 47 years and is very well known in town. The liquor license is included in the sale. The future owner can either lease the bar/restaurant to an Operator or use it for their own business and collect rental income from the apartment. The apartment features hardwood floors throughout, many windows, and a large skylight. Additionally, the apartment features a spacious living room, dining room, and kitchen area plus four separate bedrooms. The bar and apartment are separately metered and prospective tenants would pay their own utilities. This multifunctional, corner lot property is close to ALL buses and trains to NYC, as well as walking distance to all local shops and restaurants. A great investment/business opportunity in an area with a lot of potential!
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.
