An established Wine Bar/Restaurant located underneath a high rise building in Prime Downtown Los Angeles Location ONLY walking distance from the Staple Center and Microsoft Theatre is available for the very first time. There are three large high-rise buildings under construction across the street, which upon their completion will draw phenomenal additional foot traffic. Both indoor and outdoor patio seating is available. Currently the premises has a beer and wine license; however the current owner has already applied for a conditional use permit (CUP) which is nearing its approval process for a full liquor license. There is a full kitchen and over 3,800 square feet of space. The rent is very reasonable for its location. Ideal to be turned into a sports bar or an upscale wine bar. LOTS OF POTENTIAL.
- Asking Price:
- $275,000
- Sales Revenue:
- $1,200,000
- Cash Flow:
- Available on request
Property Information
- Real Estate:
-
Lease
- Leasehold Rent:
-
$138,000 per annum
- Premises Details:
-
Walking distances from the Staple Center and Microsoft Theatre
- Size in square feet:
- 3,800
Business Operation
- Reasons for selling:
-
Other business ventures
- Years established:
- 2006
