Catylist ID:
#30816356
4 Kings Cafe: ES Hotel, Restaurant, Bar & Outdoor Pavillon
Retail-Commercial
for Sale
| Catylist Listing ID: | 30816356 |
| Property Subtypes: | Free-Standing Building, Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub, Other |
| Building Size (RSF): | 7,964 SF |
| Gross Building Area: | 7,924 SF |
| Gross Land Area: | 1.47 SF |
| Sale Price: | $1,150,000 |
| Unit Price: | $144.40 PSF |
| Property Use Type: | Investment, Business |
| Building Name: | 4 Kings Cafe |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 9/20/2023 |
Overview / Comments
|
Significant Price Reduction Amazing Turn Key Restaurant / Bar / Extended Stay and Rental Pavilion Opportunity. This is a significant cash flowing property with great upside potential and property (valued on JCPVA at 1.4m). Located in the center of Louisville Metro, near Produce lane, this restaurant / bar has a great following and take out business. In previous years it was a thriving dinner and nightlife spot. The outside pavilion can be used for executive or private party rentals or could be converted to a beer garden or concert venue. The extended stay portion includes 28 units and stays nearly 100% occupied. The building alone appraises for $1.4 million on JCPVA and there is a great leasing opportunity for outside business to take over the bar or restaurant. 4 Kings currently has Kentucky liquor license The restaurant seats approximately 100 inside and 100 - 150 outside. Financials including P&L statements will only be shared with the most serious potential buyers. Current owner only operates the bar/restaurant for breakfast and lunch creating great upside potential for additional profits. Outdoor patio also has bar and band stage. Tons of upside here! SHOWINGS BY APPOINTMENT ONLY. DO NOT VISIT THE SITE UNDER ANY CONDITION WITHOUT AN APPOINTMENT AND WITHOUT PERMISSION FROM THE BROKER. ALSO, THE BROKER MUST ACCOMPANY ANY INTERESTED PARTIES FOR A SITE VISIT. THERE ARE NO EXCEPTIONS AS THE SELLER WILL NOT CONSIDER ANY OFFERS FROM ANY BUYER WHO VIOLATES THIS MANDATE. Seller will consider real estate trade, especially industrial properties. |
Additional Details
| Nearest MSA: | Louisville/Jefferson County |
| County: | Jefferson |
| Tax ID/APN: | 061601690000 |
| Zoning: | C-2 - Commercial District |
| Property Condition: | Good |
| Zoning Description: | C-2 |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 6,673 | 108,930 | 312,296 |
| Median Age: | 38.03 | 38.07 | 37.3 |
| Households: | 3,053 | 47,734 | 136,813 |
Contact
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