$1,470,000
$1,500,000
2.0%For more information regarding the value of a property, please contact us for a free consultation.
7,383 Sqft Lot
SOLD DATE : 08/31/2021
Key Details
Sold Price $1,470,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID MC21056334
Sold Date 08/31/21
HOA Y/N No
Lot Size 7,383 Sqft
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
Interior
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
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
880 Roosevelt Suite 250, Irvine, California, 92620, United States