Catylist ID:
#30799696
Restaurant For Sale W/ Real Estate
Retail-Commercial
for Sale
| Catylist Listing ID: | 30799696 |
| Property Subtypes: | Restaurant |
| Building Size (RSF): | 4,872 SF |
| Sale Price: | $780,000 |
| Unit Price: | $160.10 PSF |
| Property Use Type: | Vacant/Owner-User |
| Usable Size (USF): | 4,872 SF |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 2/2/2023 |
Overview / Comments
|
Recent Price Reduction! SVN The Masiello Group is pleased to present a rare opportunity to own a thriving, highly profitable and highly-reviewed Vietnamese Restaurant located in the heart of Springfield's Forest Park neighborhood at The 'X'. Pho Saigon has been in continuous operation since 1993 - nearly 30 years! The current owners have operated the restaurant since 2008. Owners are ready to retire and hand over the reins, including training and recipes. Property comes with restaurant on first floor and storage on the second. The Commercial 'B' Zoning allows for a variety of uses for the second story, such as apartments. Business and real estate for sale for $849,999. Building and FF&E Only for sale for $649.900. Highlights: * Well known operating restaurant since 1993 – nearly 30 years! * Strong P&L with high profit margin. * Business B Zoning allows for a variety of uses for the second floor - including apartments by special permit. * Dynamic trade area with strong demographics * Sale includes restaurant, building, FFE, and recipes. * Over 28,000 VPD through “The X” |
Attachments & Media
Financials
| Finance Data Year | 2022 |
|---|---|
| Real Estate Taxes - Annual($) | $7,854 (Annual) |
Additional Details
| Nearest MSA: | Springfield |
| County: | Hampden |
| Tax ID/APN: | SPRI-003910-000000-000086 |
| Zoning: | BUSINESS B |
| Retail Clientele: | General, Family, Business, Traveler, Tourist, Recreation, Convention |
| Property Located Between: | Dickinson and Summner |
| Year Built: | 1908 |
| Year Renovated: | 2008 |
| Parking Description: | Street |
| Lot Frontage: | 42.38 |
| Lot Depth: | 61.3 |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 30,726 | 148,334 | 263,730 |
| Median Age: | 31.13 | 34.28 | 36.62 |
| Households: | 11,007 | 54,510 | 99,578 |
Contact
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