Property Details for 206 Elk Run Ave

Year built

1998

Lot size

0.20 lot acres

Property size

1,584 SF

Property type

Commercial real estate

Description

This exceptional opportunity presents the chance to acquire Neko's Bar & Grille, a thriving establishment located at 206 Elk Run, Punxsutawney, PA 15767. Established in 1998, this 1,584 square foot, single-story building sits on a 0.2-acre lot and includes 44 parking spaces. The property boasts a warm and inviting atmosphere, featuring timber frame accents and comfortably seating thirty-four patrons, with room for expansion. A fully equipped bar, complete with a long tap system, ice machine, and ample storage, is complemented by a functional kitchen equipped with freezers, coolers, workstations, a display for baked goods, and a fire suppression system. Additional amenities include a dedicated laundry room with washer and dryer, a safe, a leased commercial dishwasher, a Pepsi beverage dispenser, and two restrooms. A long black porch with a separate kitchen entrance facilitates easy deliveries. The sale includes all furniture, fixtures, and equipment, along with a valuable liquor license, making this a true turnkey operation. The property is zoned commercial and has a proven track record of success, offering immediate potential for continued growth and profitability. The asking price is $575,000, translating to $363.01 per square foot. Occupancy is available August 5th, 2024. This is a rare opportunity to own a well-established, profitable business with a loyal customer base in a desirable location.

Location Insight

City

Punxsutawney

County

Jefferson

State

Pennsylvania

Longitude

-78.9647

Latitude

40.9512