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12 SW 1st Ave
For Sale $95,000 ($20.56 per Sq Ft)
$95,000 ($20.56 per Sq Ft)
- Units
- 4,620 Sq Ft
- 4,792 Sq Ft
- Unknown Cap Rate
Description
Paramount Grill presents an excellent opportunity for a new owner to take over a well-established restaurant with a solid reputation and strong financial performance. Whether you're an experienced restaurateur looking to expand your portfolio or an entrepreneur entering the hospitality industry, this turnkey operation offers a compelling investment in a sought-after location. Serious inquiries are encouraged to explore this rare chance to acquire Paramount Grill and continue its legacy of culinary excellence and profitability. For further details or to schedule a viewing, please contact us today.
Key Features:
Seating Capacity: Accommodates 78 guests comfortably.
Location: Enjoy a prominent position with a full sidewalk frontage, ideal for attracting foot traffic.
Liquor License: Fully licensed for wine and beer service, enhancing the dining experience.
Established Tenure: Successfully operated for 4 years under current ownership.
Lease Details: Monthly rent of $3,737 includes sales tax, with property taxes covered by the landlord.
Insurance Responsibilities: Interior insurance expenses managed by the chef, while building insurance is covered by the landlord.
Size: Spans 2,800 square feet, providing ample space for dining and kitchen operations.
Financial Performance: Boasts a robust gross annual sales figure of $1.4 million, translating to a net income of approximately $4,000 per month.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $95,000 |
| Property Type | Hotel & Restaurants |
| Usable Sqft | 4,620 |
| Number of Stories | 1 stories |
| Parking Spots | 0 spots |
| Year Built | 1900 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 14615000000 |
| MLS # | GC523815 |
| Property ID | 314393524 |
| Lot Sqft | 4,792 |
| Zoning | CCD |
| Days on Market | 170 |
| Original List Price | $95,000 |
| Date Updated | July 18, 2024 |
| Date Created | July 18, 2024 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Amy Yang an agent of . Lic #3422934
© 2025 STELLAR MLS. All rights reserved. Some listings on this website are from STELLAR as of July 18, 2024 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Robert Crawford
REAL ESTATE AGENT