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Key Details
Sold Price $1,470,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 4,739 sqft
Price per Sqft $310
MLS Listing ID MC21056334
Sold Date 08/31/21
HOA Y/N No
Lot Size 7,383 Sqft
Acres 0.1695
Property Description
Turnkey restaurant and bar in prime, high-traffic, North Merced location. Excellent visibility on G Street allows capture of customer traffic on the way to UC Merced and Dignity Health Mercy Medical Center. Less than 1 mile from Merced College and 3.25 miles from UC Merced.
The subject property is in immaculate condition with hundreds of thousands of dollars invested in tenant improvements. Recent improvements over the past 18 months include approximately $30,000 for new kitchen exhaust and cooling system. All personal property, inventory and liquor license included in sale.
SBA loans available for qualified buyers with 10% down, historically low interest rates and the SBA will subsidize the first 6-months of payments.
Location
State CA
County Merced
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Heating Central
Cooling Central Air
Fireplace No
Laundry None
Exterior
Roof Type Metal
Building
Lot Description 0-1 Unit/Acre
Water Public
Others
Tax ID 236280008000
Financing Conventional
Special Listing Condition Trust
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Bought with Nick Frechou • NONMEMBER MRML
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Tracy Thrower Conyers
Broker Associate, JD | License ID: 01712960
Broker Associate, JD License ID: 01712960