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99 S Lake AVE #102 Pasadena, CA 91011
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Key Details
Sold Price $70,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 1,191 sqft
Price per Sqft $58
MLS Listing ID WS23183658
Sold Date 08/26/24
HOA Y/N No
Property Description
This quick service restaurant is a rare find opportunity in the city of Pasadena. Convenient location, Great location, Money Making location on the famous Lake Ave where is close to Green Street and Colorado Blvd. The location currently offers an eclectic menu with unique Poke and Tea that receives rave reviews from patrons. The contemporary designed ambiance provides entertainment pleasure attracting steady customers. High visibility from inside and out. Excellent location with plenty of street parking and foot traffic. 1191 sq.ft spaces with 30 max seat capacities. Sale includes all FF&E. This is a truly unique opportunity to step into a steady and busy turn-key quick service restaurant business setting. Restaurant may be converted to a different concept with landlord's approval. This sale is well priced and represents real value. Trade name may be included in the sale. Call today for more information.
Business Highlights:
*Restaurant Name: Pokemix by Flour+Tea, Established since 2020
*Intersections of Lake Ave & Green Street
*Lease expiration is May 2026, Annual Rent Increase 3%
*Current Lease Rate: $5,249.93/month, CAM: $916.98/month
*30 Max Seat Capacities
*2 Full Time Employees, Monthly Gross: $28,000
*Trade name may be included in the sale.
*Restaurant may convert to a different concept with the landlord's approval.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Interior
Fireplace No
Others
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
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Bought with MAX HOO • Pinnacle Real Estate Group