$578,000
$649,900
11.1%For more information regarding the value of a property, please contact us for a free consultation.
0.81 Acres Lot
SOLD DATE : 05/09/2023
Key Details
Sold Price $578,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 1854573
Sold Date 05/09/23
Construction Status Blt./Standing
HOA Y/N No
Year Built 1955
Annual Tax Amount $2,476
Lot Size 0.810 Acres
Acres 0.81
Lot Dimensions 0.0x0.0x0.0
Property Description
Hamburger restaurant by day, Steakhouse by night. This fully operational restaurant with positive cash flow features live music and an incredible atmosphere with tons of history. The building is over 7000 ft., it was remodeled in 2012 and includes over $150k in restaurant equipment. It has two full kitchens and a nice sized apartment upstairs. The apartment could be rented out for between $500-$800 per month, plus there is lots of land not being used that if rezoned could possibly have apartments built on it etc., depending on what the city would allow. There is approximately 5500 sq. ft. in the back portion of the building that is being used as storage right now but could be so much more. You can offer private parties upstairs and there is an established catering business as well. Seller can provide 3 years of financials. The historic, quaint restaurant is conveniently located on 200 S. just before you take the exit for Brian Head (13 miles away) and Cedar Brakes (only 17 miles). Call today for more info and if you would like to see the property. Buyer to verify all information. Please do not approach employees.
Location
State UT
County Iron
Area Paragonah; Parowan
Direction From I-15 take exit 75 and head north on 200 S. The restaurant is right before you get to Main St.
Interior
Fireplace false
Exterior
View Y/N No
Present Use Retail
Private Pool false
Building
New Construction No
Construction Status Blt./Standing
Others
Senior Community No
Tax ID A-0137-0000-0000
Horse Property No
Financing Seller Financing
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Bought with Ascent Real Estate Group LLC
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