Listing Number: 59071-560424
Description
Nestled in the heart of downtown Milwaukie, Oregon, this vibrant establishment offers an unparalleled investment opportunity. With a combined asking price of $325,000 for the business and $2,500,000 for the building, this gem boasts consistent annual revenue. The business thrives on high visibility and significant foot traffic, drawing patrons with its exceptional culinary offerings and inviting atmosphere. The property includes two buildings housing two bars and a fully equipped commercial kitchen, ensuring a seamless operation. Lottery machines contribute to the annual revenue. Additionally, six apartments with long-term tenants provide below-market rents, generating steady income. Each apartment varies in size and rent, offering a diverse range of living options for tenants. This investment is not just about owning a business; it's about becoming a part of a community and continuing a legacy of excellence. We kindly request that you refrain from approaching the staff directly. For any inquiries regarding this opportunity, please contact the broker.
Listing Details
- Price: $ 2,825,000
- Down Payment: $2,825,000
- Sellers Discretionary Earnings: $ 4,320
- Total Sales: $ 468,023
- Location: Clackamas County, Oregon
- Inventory: $ 10,000
- FF&E: $ 69,900
- Employees: 9
- Year Established: 1986
- Reason for Selling: RETIRING
- Category: Liquor Related Biz,Real Property Rltd,Restaurants
