For Sale: White Bear Twp MLS# 6672956
Active Contingent
$195,000
Commercial: Other
Built 2000
2.98 acres
White Bear Lake schools
MLS# 6672956
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Property Description
Sale is for the restaurant business, no real estate. Profitable and well-established Asian restaurant in high-traffic location serving the White Bear Lake area. Spacious dining area with seating for up to 120 guests. There are 10 booths and 7 tables, plus additional patio seating. Cozy fireplace enhances the ambiance. Large full bar with space for up to 3 bartenders. Open kitchen equipped with two walk-in coolers and two freezers, grill top, ice machine and two washer stations. Perfect for wedding parties, banquets, and private events. This is an excellent opportunity for new or expanding restaurant owners looking for a thriving business in a prime location. Don�??t miss out on this chance to take over a successful and fully operational restaurant. Inquire today for more details.
Listing
Listing Status:
Active Contingent
Contingency:
Inspection
List Price:
$195,000
Property Type:
Commercial
City:
White Bear Twp
Garage Spaces:
0
County:
Ramsey
Year Built:
2000
State:
MN
Property Style:
Other
Zip Code:
55127
Subdivision Name:
The Meadowlands Of, White Bear
Exterior
Garage Spaces:
0
Other Parking Spaces:
0
Air Conditioning:
Central Air
Foundation Size:
3,600 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
- More Parking Onsite for Fee
- Unassigned
Unit Amenities:
Local Area Network
Road Frontage:
City Street
Exterior Material:
Stucco
Lot & Land
Acres:
2.98
Geolocation:
45.080646, -93.06003
Inclusions:
Business, Fixture/Equipment, Leases
Lot Dimensions:
Irregular
Zoning:
Business/Commercial
Schools
School District:
624
District Phone:
651-407-7500
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$6,000
Annual Fuel Expense:
$3,600
Annual Insurance Expense:
$6,468
Annual Gross Expense:
$289,465
Annual Trash Expense:
None
Tenant Expenses:
Electricity, Gas, Insurance, Repairs, Sewer, Taxes
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$14,845
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$14,845
Income
Annual Gross Income:
$568,311
Rent
Annual Net Income:
$88,784
Units
Total Units:
1
Unit Number:
8
Miscellaneous
Current Use:
- Bar/Tavern
- Food Service
- Restaurant
Fuel System:
Natural Gas
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
- Hot Water Common
Water System:
City Water/Connected
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Listing provided by RMLS,
courtesy of RE/MAX Advantage Plus.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.