Successful Restaurant on Main Street For Sale

Retail-Commercial for Sale
Also listed as Business Opportunity
Catylist Listing ID: 30286561
Property Subtypes: Restaurant
Building Size (RSF): 6,000 SF
Gross Building Area: See Agent
Sale Price: $550,000
Unit Price: $91.67 PSF
In Opportunity Zone? Yes
Property Use Type: Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/17/2020

Overview / Comments

If you ever dreamed of owning a restaurant on Main Street, here is your opportunity. Shing-Lee Restaurant on Main Street in Evansville, Indiana is For Sale. The owners started Shing-Lee in 1971 - the restaurant has had a face-lift since fire occurred in building a few doors away 2 years ago. Now this updated - turn key ready restaurant, recently reopened and has been busier than ever before. The proud owners are ready to retire and pass on this much loved Chinese restaurant to new owners. Located between 2nd and 3rd street, Shing Lee is just blocks from the River, Shops, Casino and other new exciting Restaurants in this ever evolving Downtown Development. The sale consists of a stand alone 2 story brick building with basement, 3 parking spaces in rear for owners, complete business with all equipment & fixtures, liquor license and a month long training from present owner to help transition business, cooking secrets and more. The building is still under renovation with tuck pointing on the exterior that has already been paid for, 2 new HVAC systems and 2 new grease traps ($14,000 value). Everything has been checked and up to code– Ready To Go!

Additional Details

Nearest MSA: Evansville
County: Vanderburgh
Tax ID/APN: 11-010-20-016-007

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,715 69,006 134,212
Median Age: 39.28 36.16 37.69
Households: 4,054 28,892 57,568

Contact

Photograph of Listing Agent

Melinda Counter

Berkshire Hathaway Home Services
CPIX Member
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