Successful Restaurant on Main Street For Sale
Retail-Commercial
for Sale
Also listed as Business Opportunity
| Catylist Listing ID: |
30286561 |
| Property Subtypes: |
Restaurant
|
| Building Size (RSF): |
6,000 SF
|
| Gross Building Area: |
See Agent |
| Sale Price: |
$550,000 |
| Unit Price: |
$91.67 PSF |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Business |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
4/13/2021 |
Overview / Comments
|
If you ever dreamed of owning a restaurant on Main Street, here is your opportunity. Shing-Lee Restaurant on Main Street in Evansville, Indiana is For Sale. The owners started Shing-Lee in 1971 - the restaurant has had a face-lift since fire occurred in building a few doors away 2 years ago. Now this updated - turn key ready restaurant, recently reopened and has been busier than ever before. The proud owners are ready to retire and pass on this much loved Chinese restaurant to new owners. Located between 2nd and 3rd street, Shing Lee is just blocks from the River, Shops, Casino and other new exciting Restaurants in this ever evolving Downtown Development. The sale consists of a stand alone 2 story brick building with basement, 3 parking spaces in rear for owners, complete business with all equipment & fixtures, liquor license and a month long training from present owner to help transition business, cooking secrets and more. The building is still under renovation with tuck pointing on the exterior that has already been paid for, 2 new HVAC systems and 2 new grease traps ($14,000 value). Everything has been checked and up to code– Ready To Go!
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Additional Details
| Nearest MSA: |
Evansville |
| County: |
Vanderburgh |
| Tax ID/APN: |
11-010-20-016-007 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
9,715 |
69,006 |
134,212 |
| Median Age: |
39.28 |
36.16 |
37.69 |
| Households: |
4,054 |
28,892 |
57,568 |
|
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