Catylist ID: #30103053
EXISTING RESTAURANT AND BAR FOR LEASE
Retail-Commercial for LeaseAlso listed as Vacant Land, Shopping Center
|Catylist Listing ID:||30103053|
|Property Subtypes:||Car Wash, Convenience Store, Free-Standing Building, Garden Center, Mixed Use, Movie Theatre, Parking Facility, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub, Other|
|Contiguous Space:||4,537 SF|
|Building Size (RSF):||4,537 SF|
|Gross Land Area:||2.21 Acres|
$13.24 PSF (Annual)
|Base Monthly Rent:||$5,005|
|Lease Types:||Absolute NNN|
|Building Name:||Pit Road Lounge|
Overview / Comments
One of the last remaining Premiere locations on Loudon Road. Operating Restaurant and lounge with Prime Visibility on Loudon Road almost at the Junction of Routes 202 / 9 / 4, less than 2 miles to Interstate 393 as well. Incredible development site. This property is waiting for a Developer to purchase and convert to any type of restaurant, retail center or continue the use of the existing restaurant and lounge with live music, pool leagues and dancing!.
Kitchen is fully equipped with hood suppression system, walk-in cooler and freezer, pizza oven, two beer cooler draft systems, glass chiller, 9 ft beer cooler, 5 Liquor, two salad bars, 30+ year old operating dishwasher, oven / broiler. Equipment included.
50+ chairs plus 20 additional. 20+/- tables plus enclosed outside seating.
Current seating is for 100 due to limit if you have live entertainment and building is not sprinklered. Can seat up to 200 WITHOUT Live Entertainment OR 100 WITH Live Entertainment.
5 Pool Tables included with lease.
Expenses subject to change (based on Owner's use):
Current expenses: $100 per plow per storm (estimated, Owner does own plowing.
Insurance includes liquor liability, building and fire insurance and liability insurance is $10,000 per year ($833.00 per month)
Natural gas and electricity: approximately $2,000 per month - varies by season for natural gas.
Real Estate Taxes are $15,165 or $1,263.75 per month
One furnace is 5+/- years old and one furnace is 10+/- years old.
Roof on north side (left) new 2014, Roof on south side (right) new 2017.
City water/sewer is at outside entrance to property (Currently on private well (located in right rear) and septic (located in left rear). Owner has the well checked every 3 months.
Restaurant is currently open 7 days per week with lunched served Thursday through Sunday.
This restaurant is also available for sale at $1,000,000. Tenant may have use of existing equipment and furniture over term of lease.
Expand All Available Space
|Suite: 1||4,537 SF||$13.24 PSF (Annual) Absolute NNN|
|Space Available:||4,537 SF|
$13.24 PSF (Annual)
|Lease Type:||Absolute NNN|
|Space Description:||Existing Restaurant operating with seating for 100 to include a lounge, dining, live entertainment, dance floor and pool leagues. There is an enclosed outside seating as well.
Lease term may include use of Furniture, Fixtures & Equipment.
Rent is $5,000 per month plus Tenant to pay NNN expenses and utilities.
|Lease Term:||60 Months|
|Tax Expenses||$16,402 PSF (Annual)|
|Tax ID/APN:||111/i 2/23//|
|Zoning:||GWP - GATEWAY PERFORMANCE DISTRICT|
|Retail Clientele:||General, Family, Business, Traveler, Tourist, Recreation, Other|
|Largest Nearby Street:||Route 106|
|Feet of Frontage:||170|
|Highway Access:||Minutes to Interstate 393, close to Junction of Routes 9, 209, and 106.|
|Site Description:||Near all fast food restaurants, shopping center, major retailers and Steeplegate Mall.|
|Total Number of Buildings:||1|
|Number of Stories:||1|
|Total Parking Spaces:||48|
|Parking Description:||Ample on-site parking.|
|Heat Type:||Natural Gas|
|Air Conditioning:||Window Unit|
|Zoning Description:||GWP - GATEWAY PERFORMANCE DISRICT|
|Easements Description:||Property with existing house to immediate east of this site has a driveway easement to get to house.|
|Proximity:||1 mile||3 miles||5 miles|
Wendy E. KeelerFairway Real Estate, LLC
|© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.|