Listing # 72014042

Description

This is a Korean style restaurant with two liquor bars. Capacity of seating is available for 123 guests. The price is included liquor license, live entertainment licence, inventory, wine, furniture and equipment. This restaurant is near Malden center Station. This prime location with lots of residential properties, such as luxury condos, is good for investor to have a food restaurant with two lounges. There is a huge space that could use for private birthday party or event ect. Low monthly rent $5200 that includes water/sewer and property Tax. Avg. $500,000 Gross annual sales!!! 7.5 years remaining on the lease with option for 5 years. Newly renovated from floor to ceiling, approximate $350k on renovation alone. Open hours 11:00am-1:00am Mon-Sat and 11:30am -1:00am Sunday.

Property Details
For Sale

$650,000

  • County: Middlesex
  • Sq. Ft:
Facilities
  • Kitchen
  • Lounge
System
  • Telephone
  • Security
  • Wet Sprinkler
Tenant Expenses
  • Heat
  • Air Conditioning
  • Electric
  • Insurance
  • Janitorial
  • Trash Service
Utilities
  • Public Water
  • Public Sewer
Additional Information
  • Basement Feature: Partial
  • Bu Type: Restaurant w/Liquor
  • Building Construction: Brick
  • Location: Neighborhood
  • Reason For Sell: Personal

Location

Seller's Representative:
Tsz Mui Kwan
East Coast Realty, Inc.

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MLS PIN data last updated at May 17th, 2017 6:48:14 PM EDT