6071 S Archer Avenue and S Mayfield Avenue is presented as a last-chance investment or user opportunity before it will be repurposed into something else. The 13,000-square-foot building is ideal for a Spanish-speaking investor as it offers a wide range of flexible opportunities with 13,000 square feet of restaurant/ bar space 10' cilings and 1,000 square feet of basement storage space. Most recently, the building has been used as a banquet hall and restaurant open with a valid liquor and food license, ready for a new owner to take over. The banquet hall can be easily divided into two different spaces, and the building has a total capacity of 400 people.
The current tenant has been operating for over 38 years. With assistance from the current owner, the business has a potential of over $1M a year. The second floor features an additional 2,500-square-foot apartment that can be renovated or converted to office space or two apartments. There are 34-36 parking spaces available on-site, too.
The property and business are worth $2.5M; this opportunity is presented at the last offer of $1.650,000
Inquire today to make an offer. The owner is motivated by retirement, and this is a one-of-a-kind, lucrative opportunity.