$1,255,000
$1,200,000
4.6%For more information regarding the value of a property, please contact us for a free consultation.
1,723 SqFt
SOLD DATE : 01/02/2024
Key Details
Sold Price $1,255,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 1,723 sqft
Price per Sqft $728
Subdivision Lyon Park
MLS Listing ID VAAR2036874
Sold Date 01/02/24
Originating Board BRIGHT
Year Built 2004
Annual Tax Amount $8,912
Tax Year 2020
Property Description
Presenting an exceptional commercial real estate opportunity at the corner of N. Pershing and N. Wayne in Arlington, this former restaurant is available for new ownership. Located in the thriving neighborhood of Lyon Park surrounded by luxury apartments and an array of shops including Bon Chon, El Fuego, Paisano's, plus beauty salons and nail shops, this property enjoys a prime spot in the heart of the action close to Fort Myer.
Step inside to discover an 18' x 48' dining area with a welcoming tile floor and a high, open ceiling, creating an airy atmosphere. The property is being sold in “As Is” condition with all existing furniture, fixtures, and equipment (FF&E) currently on site. The property comes with a comprehensive set of kitchen and restaurant equipment, including deli cases, a beverage case, commercial kitchen appliances, a Point of Sale (POS) system, and more. The kitchen boasts essential equipment such as an AutoDoner vertical broiler, deep fryer, flat top grill, rotisserie, two Rational convection ovens, and two CaptiveAire hoods with Ansul fire suppression, ensuring efficient and safe food preparation. Other features include a Hobart commercial dishwasher, a large 3-sink dishwashing station, and a Delfield prep table. Food storage is well-covered with two 3-door freezers, one of which is a True brand, and a True brand two-door stand-alone refrigerator. All equipment is approximately 15 years old, installed in 2008. Additionally, the dining room includes two TVs, a half dozen cameras, and sound speakers catering to entertainment and security requirements.
The interior furnishings include approximately 11 regular tables, 5 high top tables, and 34 chairs, offering flexibility in terms of seating arrangement. There are two bathrooms and a rear office and storage closet. Parking is convenient with a large, free parking lot located behind the building. The property also features a large 800 SF outdoor patio seating area, providing an inviting space for al fresco dining. The condo fee is $1,003.63 per month. Whether you aspire to launch a new culinary venture or plan to adapt the space for alternative uses, this real estate opportunity offers great potential.
This property is being sold by a Bankruptcy Trustee. There is a pending offer subject to higher and better bids. The sale hearing date is scheduled for Tuesday, December 19th @ 11am. Contact listing agent for details.
Location
State VA
County Arlington
Zoning C-1
Interior
Hot Water Other
Heating Forced Air
Cooling Central A/C
Heat Source Other
Exterior
Garage Spaces 20.0
Utilities Available Electric Available, Natural Gas Available, Sewer Available, Water Available
Water Access N
Accessibility No Stairs
Total Parking Spaces 20
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Arlington County Public Schools
Others
Tax ID 18-058-026
Ownership Condominium
Security Features Surveillance Sys
Special Listing Condition Bankruptcy, Third Party Approval
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Bought with Stephen M Karbelk • CENTURY 21 New Millennium
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