Real estate listing preview #1
listing
1 of 1
CommercialSold
List Price $950,000
Sold Price $800,000
321 N Franklin Street
Fort Bragg, CA 95437
Listed by: Jeff Sacher from Santa Rosa Business & Commercial, (707) 888-4972
2Baths
4,320Sq Ft
Est. Mortgage
$5,004/mo

The subject property is a two-story structure which includes the bar and three residential rental units. This is an opportunity to own one of the most popular bars, Tip Top Lounge, in Fort Bragg along with the real property. Evidenced of its popularity, the bar has been a main attraction of locals and tourists for many years. The bar is well-equipped with two pool tables, dart boards, and a classic jukebox to set the mood. Tip Top Lounge currently operates with a Type-48 full liquor license and is included in the asking price. Each rental unit features one bedroom and one bathroom and are currently occupied by long-term tenants. Current rental rates are $500, $675, and $700 per month; however the current market suggests a new owner could yield more. In addition, the property has plenty of storage space, an office, a laundry room, and two-space carport. Positioned on a high-trafficked downtown street, the building is closely situated to various high-end boutique stores.

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Information courtesy of Santa Rosa Business & Commercial is subject to verification and is not guaranteed.
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