Panama Bar and Restaurant Turn Key, with ABC type 47
Established bar and restaurant operation presents a compelling commercial real estate investment opportunity in downtown Chico, strategically positioned within blocks of California State University, Chico. This hospitality establishment has maintained continuous operations for over four decades, demonstrating market resilience and sustained customer demand within the local market.
The property encompasses a comprehensively renovated ground-floor commercial space featuring 99-person occupancy capacity. Infrastructure improvements include a redesigned bar and dining area, street-facing patio seating, fully equipped commercial kitchen, dedicated dishwashing station, walk-in refrigeration systems, and custom furnishings. The sale encompasses all furniture, fixtures, equipment, and existing inventory, along with an active Type 47 liquor license.
The second floor has undergone substantial improvements and has been configured for office utilization, with remaining finish work providing opportunities for owner customization or additional rental income generation. This multi-use configuration enhances the property's revenue diversification potential.
Location advantages include proximity to municipal parking facilities and available street parking, addressing operational accessibility requirements. The downtown positioning benefits from established foot traffic patterns and proximity to the university's student population and faculty base.
This acquisition represents access to a turnkey hospitality operation with established operational systems, licensed beverage service capabilities, and potential for revenue optimization through the secondary office space. The combination of real estate ownership and business operations provides multiple value creation opportunities for qualified investors or owner-operators seeking an established market presence in Chico's hospitality sector.
Ad#:2477134
