$50,000
Prescott, AZ 86303
MLS# 1054306
Status: Closed
2468 sqft
1 / 4
Property Description
Get above it all by taking advantages of this rare opportunity to own and operate an upstairs bar on Prescott's famous (infamous) Whiskey Row. Located above one of the Row's most popular eateries, the Attic Bar is known for its blues jams, enthusiastic crowds and great people-watching from the covered balcony. The place has become so popular, in just seven months of operation, that the owners are selling because they have already ''outgrown'' the 2,468 SF space. A new owner can choose between carrying on the existing blues tradition or hit the ground running with another concept altogether. The bar sale does NOT include the liquor license, which is available to purchase for $120,000. Note: the gross revenue is annualized per seven months of financial information.
Details
Maps
Contract/Address/Legal
Original List Price: 70000
Listing Date: 2023-02-28
Status: Closed
Listing Price: 70000
List Price/SqFt: 28
Street #: 214
Direction: S
Street Name: Montezuma
St Suffix: Street
City/Township: Prescott
State: AZ
Zip Code: 86303
County: Yavapai
Business Op Type: Bus Op No Real Est
Business Type: Food/Beverage
Business Name: The Attic Bar
REO/Short Sale: Not Applicable
Zoning: DTB
Legal: To be provided
Tax Parcel: 109-02-049B
Assessor's Book #: 109
Assessor's Map #: 2
Assessor's Parcel #: 49
Assessor Parcel Ltr: B
General Property Description
Aprx Acres: 0.01
Total Liveable SqFt: 2468
Source of Measuremnt: Owner
Year Built: 1915
Year Est: 2022
Gross Vol/Yr $: 130000
Lease Type: NNN
CC & R: No
Remarks & Misc
Directions: On Whiskey Row, just south of Goodwin Street
Office/Member Info
Listing Exclusions: No
Compensation: 5
Compensation Type: %
Status Change Info
Under Contract Date: 2023-04-11
Sold Date: 2023-05-11
Sold Price: $50,000
Sold Price/SqFt: 20
Financing: Cash
Property Features
Bathrooms: Interior; Separate M & W
Construction: Brick
Current Use: Restaurant/Bar
External Amenities: None
Internal Amenities: Fireplace(s)
Heating: Forced - Gas
Cooling: Central Air
Roof: Hot Mop w/Chip; Metal; Rolled/Hot Mop
Info on File: Equipment List
Utilities Installed: Electricity; Natural Gas; Telephone; Water - City; WWT - City Sewer
Sale Includes: Equipment; Fixtures; Leasehold Rights; Tradename
Tenant Pays: CAM; Insurance; Taxes; Utilities
Business Location: Freestanding Bldg
Possession: At Recordation
Listing Office: Prescott Commercial Real Estate
Last Updated: May - 12 - 2023
The listing broker’s offer of compensation is the dollar amount or percentage of sale price the listing broker offers to pay a broker who (a) participates in the multiple listing service where the listing broker filed the listing and (b) procures the buyer for a successful transaction.
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