Bar and Restaurant with Property for Sale in NY

LISTING ID # 36054

4,000 SF Pub, Restaurant in Prime Area. Drastic Price Reduction! The 4,000 sf pub-restaurant business assets are selling for $285K, The property is an additional $2.2 million. This is a true gem. The area is going through a major redevelopment with a multi-million-dollar revitalization program that has already begun. The current owner is ready to retire. He is selling a 4,000 sf pub and restaurant with a full kitchen. All furniture, fixtures and equipment included and a 1,200 sf patio in back. The business is not being sold based on sales, however, 2024 gross sales were $1,450,000. Any sales and goodwill are a bonus. The building and property are available for an additional $2.2 mil. through PMTG Realty. That includes a 2,800 sf., 3 bedroom, 2 bath apartment above the pub. Now is the time to make a purchase and capture the upside of the redevelopment. The building is coded Zone DC1. With site plan approval you are able to build up to 5 stories. Also, because it is in the parking district and pays taxes based on that, you can build out the entire footprint, line to line. That would increase the square footage of the first floor to 10,000 square ft. There is no seller financing, but a buyer with good credit, collateral and experience may qualify for a mortgage on the purchase of the building. We are seeking a serious and financially qualified buyer with at least $285K in liquid funds to cover the business asking price. An additional 20% down payment of $440K, or more, would be needed for a mortgage on the building. Proof of funds for at least $725K will be requested prior to meeting with the owner. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only!