Downtown Building and Restaurant For Sale

Retail-Commercial for Sale
Catylist Listing ID: 30384489
Property Subtypes: Restaurant
Building Size (RSF): 4,451 SF
Gross Building Area: See Agent
Sale Price: $894,000
Unit Price: $200.85 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/5/2019

Overview / Comments

Opportunity to own landmark downtown fine dining restaurant. For more than 15 years, Bruno's Italian Restaurant has been one of the few high end restaurants in the downtown area and provides for an excellent setting to take clients for a business lunch or dinner as well as a relaxing evening out with friends and family.

The historic building is approximately 4,451 SF with two floors and a basement. The first floor consists of the main dining room, bar area and kitchen with a built in brick pizza oven. The second floor is set up for private parties and events with two large private rooms, one with a separate bar area.

The price includes fixtures and equipment needed to serve a high end restaurant.

Property is subject to a CID Tax of 0.402 per $100/assessed value. 2018 CID Tax was $392.51

2018 Real Estate Tax = $6,824.56

Business is still operating - Do not disturb occupant
Contact Ken Schwab at 417.890.3226 or kschwab@wilhoitproperties.com for more details and to set up a tour.

Additional Details

Nearest MSA: Springfield
County: Greene
Tax ID/APN: 881324226008
Zoning: CENTER CITY
Retail Clientele: General, Family, Business, Tourist, Recreation, Convention
Property Located Between: Walnut and Pershing
Property Visibility: Excellent
Largest Nearby Street: Walnut
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1889
Year Renovated: 2004
Zoning Description: Center City

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,464 100,982 181,015
Median Age: 25.6 32.56 35.52
Households: 6,741 42,262 77,773
The information presented herein is provided as is, without warranty of any kind. Neither Catylist nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.