Selzer Realty & Associates


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.
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.
#IDX-primaryPhoto,#idx-details-headerListed by: Jeff Sacher from Santa Rosa Business & Commercial (707) 888-4972

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