Former Iconic Bar / Restaurant with Patio/Service Bar

Spring Lake Park, MN (Anoka County)

Former Iconic Bar / Restaurant with Patio/Service Bar

Asking Price:$949,000

Established:1981

Former Iconic Bar / Restaurant with Patio/Service Bar

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Asset Sale Description

Building Summary: Great investment opportunity! Location, Location, Location!! Property is located on the NE corner of Hwy 65 and Hwy 10 in Spring Lake Park. It is highly visible from Hwy 65, which has a tremendous traffic count of 41,000 vehicles per day! Building has a huge parking area and an outdoor patio.

Business Summary: Povlitzki’s on 65 has been a very successful bar/restaurant/ night club in the area for over 30 years! It was an icon in the Cities and a very important “hot spot” for food and entertainment for many years! Business is currently closed! New owner could take advantage of this and create their own niche!

Growth and Expansion: Ideas and options are endless for this property. It would make an excellent banquet facility, a newly branded Sports Bar/ Restaurant, Asian buffet, strip mall or you name it! With 10,941 sq ft this could become a host of many other opportunities!

Market Outlook: Fabulous! This is a corner lot on Hwy 65 in a prime area that continues to grow! Also includes great highway access and many other successful businesses in the area.

Detailed Information

Facilities:
Building size: 10,941 sq. ft., lot size: 1.17 acres, FF&E included except for some personal items.
Financing:
Cash or Terms acceptable to Seller
Reason for Selling:
Owner passed away / divesting of properties

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Jerry Vlaminck

Asset Sale Listed By:
Jerry Vlaminck

Hospitality Services Corp.

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