Here is your opportunity to own one of the most popular bars and the only true music venue in Downtown Melbourne. Business only for sale! The 100-year-old original post office has been beautifully restored into one of the most unique bars you have ever entered. It features original wood flooring and a bar built entirely from reclaimed Florida old growth pine. The bar itself features 77 taps (expandable to 102) and a full liquor bar. The venue is well known for being a top local concert site and private party space. The kitchen area currently has ample refrigeration and a hood system and is ready for a custom buildout. The venue and party side includes a stage and full PA sound system with a green room and private bath, making it easier to attract bigger touring acts. 3 new residential projects (2 within 100 yards of Iron Oak) are moving forward adding up to 600+ residences to Downtown over the next several years, ensuring a steady stream of customers over the years. Don't let this opportunity pass. Call Engel & Volkers Melbourne today!
- Asking Price:
- $900,000 Furniture / Fixtures included
- Sales Revenue:
- $500K - $1M
- Cash Flow:
- $100K - $250K
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
$4,000 @ 5 years - Term 1
Options TBD
- Leasehold Rent:
-
$48,000 per annum
- Location:
-
2023 Melbourne Court, Melbourne Florida 32901 (Downtown Melbourne)
- Premises Details:
-
Downtown Melbourne’s only true music venue
Includes all Furniture, Fixtures and Equipment
77 Taps (expandable to 102)
Full Service Liquor Bar (4-COP license)
Full stage, with green room and private bathroom.
The space can be divided for music shows and private parties.
Ample sized kitchen with hood and refrigeration. Open space to customize.
Located near the main entrance into Downtown Melbourne
Less than 100 yards from North American Properties proposed apartment complex, with parking garage.
- Size in square feet:
- 5,027
Business Operation
- Trading hours:
-
M- 6-9pm
T - W - THURS 3-11pm
FRI - SAT 3 -1AM
SUN - CLOSED
- Employees:
- 15
- Years established:
- 8
