Office / Retail | For Sale | $565,000
Downtown Main Street French bistro building for sale! 2,525 square foot restaurant space with full bar and kitchen. Tenant brings in $46,800 in rent annually, plus pays the property insurance, maintenance, and all utilities (landlord just pays property taxes). This investment opportunity is a 7%+ cap rate, and the tenant is in year 1 of a 5-year lease. Business is not for sale. The value is in the rent collected from the tenant. While the bistro is a new business, the owners are the founders and original operators of the former restaurant at this location (Le Rouge). They are from France and have operated a winery in Palisade. They continue to offer French cuisine and wine through Bistro 317, which is open for breakfast, lunch, and dinner.