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#5683
Mesa Restaurants For Sale

Restaurant & Bar With Real Estate - Low Price!

$350,000
Sold
Restaurant & Bar With Real Estate - Low Price!
This Listing is Sold

Are you looking to be your own landlord and keep a low rent factor? Well here is your chance with this great restaurant and bar located in Mesa AZ on a major street. It doesn't get any cheaper than this at only $107 Sq. Ft. and includes nearly 1 acre with plenty of parking. 

ABOUT THE SPACE

This Restaurant and Bar is in the heart of Mesa or a major street with massive daily car counts.  The art-deco entrance of the building is smack in front of of the sidewalk, visible to all who drive by. 

The building structure is all brick with a brand new roof.  There are 3,261 Sq. Ft. of space. The interior was stripped and completely rebuilt. Its will make a really cool bar or even restaurant. 

There are 6 total AC units on the new roof with 3 being brand new and the others only 3-5 years old. That's a total of 30 tons of cooling for a 3,261 Sq Ft. to keep your customers cool.

All you have to do is add the FF&E. 

LIQUOR LICENSE

And if you need a liquor license, we have a Type 6 available for $130,000.

HOOD SYSTEM & GREASE TRAP

Current contractor says he can install a 15' Hood system and grease trap for $30,000. 

SBA LOAN

SBA Loan is Available for this property for the qualified buyer with 15-20% down if you have solid restaurant experience, good credit and plenty of working capital.  That comes to a Principal and interest payment of only $1,719 per month on a 25 year loan at 5.5%. I think it can be done at a lower interest rate!  That effective makes your rent $6.43 cent per sq. ft. per year! OH MY GOD!  Finish this restaurant for another $100,000 and WOW! Steal of the year!

This is a Paramount Restaurant Brokers, Inc. DBA SellingRestaurants.com listing.
Broker Mel Jones DRE License #CA00893362 and AZ BR634507000

Lease

Region:
Mesa Restaurants For Sale
Lease Term:
Real Estate For Sale

Facilities

Inside Sq. Ft.:
3,261
Lot Sq. Ft.:
43,560
Total Building Sq. Ft.:

Highlights

  • Amazing Street Location
  • Plenty of Parking
  • 3,261 Sq. Ft.
  • Acre of Land
  • Beautiful Brick Finish
  • High Traffic Location
  • Number 6 License Available for $130,000
  • Jump on this FAST, WON't LAST

Financing

Down Payment:
$74,000
Will SBA Finance:
Yes
Est. Monthly SBA Loan Payment:
$1,719
Est. Annual Interest Rate:
5.2%
Will Seller Lend To Buyer:
No
This Listing is Sold

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 37,039 132,941 280,153
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 15,249 48,865 92,368
2010 Persons Per Household 2.14 2.50 2.72
Median House Value $145,400 $164,109 $161,650
Income Per Household $45,680 $55,605 $56,497
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 1,050 2,806 5,218
2012 Number Of Employees 39,404 75,654 129,400
2012 Total Annual Payroll $723,285,000 $1,528,124,000 $2,366,149,000

click for more demographic info

Disclaimer

Notice: The User (that's you reading this) of this Website understands that Paramount Restaurant Brokers, Inc. ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it.  In some cases, forward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business.  Owning a business is a risky venture, but can also be a rewarding one.  The User of this website is solely responsible to examine and investigate the Business and or real estate, its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. Any decision by User to purchase the Business shall be based solely on User's own investigation and that of User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User.

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