Camden Tavern & Grill

4601 Lyndale Avenue North, Minneapolis, MN 55412, USA

Features Listing

SALE PENDING

  • 4601 Lyndale Avenue North: $895,000 asking price
  • Lot Size/PID: .26 acres/11,464 sf/PID 12-118-21-43-0057
  • Existing Structure Size: 3,190 sf 1st floor, 958 sf 2nd floor, 2,500 sf lower level
  • 2019 Estimated Real Estate Tax: Approximately $10,905 annually
  • Zoning: C-1 Neighborhood Commercial Service

Features

  • Turnkey bar, restaurant, & building available FOR SALE. Price includes all FF&E.
  • Price includes new ADA restrooms, & other work, being done for $120,000 now.
  • 2018 gross revenues of $1,154,717 w/ an NOI of approximately $208,947 (expenses including $83,326 in voluntary accounting & security personnel costs).
  • Expected NOI of approximately $242,000 in 2019.
  • $50,000 in recent upgrades. New coolers/freezers, new stoves, newer chairs & tables, new security/camera system & metal detector. Full kitchen.
  • Currently only liquor license north of Broadway Ave N in the City of Minneapolis.
  • Located within walking distance to the 48 acre Upper Terminal Harbor redevelopment project on the Mississippi River.
  • Great potential to increase food sales at this location. Outside patio.
  • 953 sf apartment unit upstairs w/ separate entrance not currently being rented out, that with some renovation, can be rented out.