AUCTION: Turnkey Restaurant with FFE and/or Liquor License, or Both

Cresco, PA (Monroe County)

Seating for 16 at the open granite bar
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Asking Price: $75,000

Gross Revenue: N/A

Price/Sq. Ft.: N/A

NOI: N/A

Building SF: 2,110

FF&E: N/A

Year Built: 1957

AUCTION: Turnkey Restaurant with FFE and/or Liquor License, or Both

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Property Description

AUCTION: RE with FFE and/or Class R Liquor License with Sunday Sales

Real Estate with FFE and Monroe County Class R Liquor License with Sunday Sales will be offered at auction individually with a minimum bid of $75,000 each, then in combination with a 5% package premium.

PREVIEW: Wednesday, September 4th from 4 to 6 PM

AUCTION: Wednesday, September 18th at 12 Noon

PROPERTY HIGHLIGHTS:
• Turnkey renovated restaurant and bar for sale: includes real estate, furniture, fixtures, and equipment
• Separately available Monroe County Class R Liquor License with Sunday Sales
• 2100+ sq ft
• Open granite bar seats 16
• Seating for 70 in three dining rooms
• Recently updated kitchen at cost of $70,000
• Kidde Fire Systems Model WHDR-600
• Culligan water treatment system
• Micro Matic beverage equipment
• Ice maker
• Commercial mixer
• Walk-in cooler
• Freezer
• Fireplace
• Sushi bar
• 1100+ sq ft storage basement
• Concrete construction
• Standby commercial generator (propane hookup available)
• Land .23 acre with additional .86 of an acre across the street for parking
• Well and water system has current DEP approval
• Commercial zoning

BRIEF TERMS >>> To register, bidders must present photo identification and a $7,500 bank cashier's check for each desired lot (maximum of two checks of $7,500 each). Ten percent (10%) Buyer's Premium is added to all purchases awarded in part or in whole. Closing within 35 days, or by/before October 23, 2019. Sign up for alerts, view photos, full terms, and bidder FAQs at BidLegacy.com.

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Detailed Information

Location:
Cresco, PA
Type:
Retail
Building SF:
2,110
Building Status:
Established
Financing:
We strongly encourage bidders to arrange financing ahead of auction day.
Location Description:
Located in the midst of major new and well-established attractions, employers, and the in-progress Pocono Springs Entertainment Village. With 48 million people living within three hours of the area, the Poconos are a tourist destination for 27 million people annually, who spend $3.5B/year.
Current and Prior Use:
Well-known restaurant location and home of the former "Velma's Cafe" restaurant
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Property Listed By:
Rich Coccodrilli, Jr

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