Listing ID321112751
Sold For$800,000
StatusClosed
Sold Date11/30/2022
SqFt
4,320
Acres
0.089
CountyMendocino
Property TypeCommercial Sale
Property Sub TypeMixed Use
The subject property is a two-story structure which includes the bar and three residential rental units. This is an opportunity to own one of the most popular bars, Tip Top Lounge, in Fort Bragg along with the real property. Evidenced of its popularity, the bar has been a main attraction of locals and tourists for many years. The bar is well-equipped with two pool tables, dart boards, and a classic jukebox to set the mood. Tip Top Lounge currently operates with a Type-48 full liquor license and is included in the asking price. Each rental unit features one bedroom and one bathroom and are currently occupied by long-term tenants. Current rental rates are $500, $675, and $700 per month; however the current market suggests a new owner could yield more. In addition, the property has plenty of storage space, an office, a laundry room, and two-space carport. Positioned on a high-trafficked downtown street, the building is closely situated to various high-end boutique stores.
County
Mendocino
Property Sub Type
Mixed Use
Property Type
Commercial Sale
Building Features
1 Restroom Per Unit, Extra Storage, Front Sign, Living Area in Building, Other Restroom Facilities, Restroom(s)-Public
Flooring
Carpet, Concrete Slab, Linoleum
Levels
Other
Number of Floors
1
Number of Offices
1
Number of Restrooms
2
Square Footage Source
Not Verified
Stories
2
Lot Size Square Feet
3867
Lot Size Units
SqFt
Road Frontage
City Street
Structure
Attached, Mixed Use
Total Parking Spaces
2
Area/District
Coastal Mendocino
APN
008-152-16-00
Business Type
Bar/Tavern/Lounge
Current Use
Mixed Use, Residential, Restaurant
Number of Tenants
3
Property Disclaimer
Information has not been verified, is not guaranteed, and is subject to change. Any offer of compensation is made exclusively to Broker Participants of the MLS where the subject listing is filed. Copyright © 2023 Bay Area Real Estate Information Services, Inc. All rights reserved.Copyright ©2023 Rapattoni Corporation. All rights reserved.U.S. Patent 6,910,045
Auction
no
Income Includes
Laundry, Rent
Lease Type
Net
Possession
Close Of Escrow
Copyright 2024 Bay Area Real Estate Information Services. Any offer of compensation is made exclusively to Broker Participants of the MLS where the listing is filed. All rights reserved.
Data last updated Friday, March 29th, 2024 04:28:11 AM.
Data last updated Friday, March 29th, 2024 04:28:11 AM.
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