703 Ace Memorial Dr Hockessin, DE 19707
- Retail properties
- 2,880 SF
Current Use by Public Records
- Okura Japanese Restaurant / Restaurant / Japanese Restaurant
Property Details for 703 Ace Memorial Dr
- Property size
- 2,880 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This thriving Japanese restaurant, located at 703 Ace Memorial Drive in Hockessin, Delaware (zip code 19707), presents a unique investment opportunity. The 2,880 square foot space is offered at $245,000 ($85.07 per square foot). This turnkey operation boasts a successful 25+ year history and has earned the prestigious "Best of Delaware" award multiple times. All furniture, fixtures, kitchen appliances, and equipment are included in the sale. The current monthly rent is $6,867, which encompasses all common area maintenance and taxes. The restaurant benefits from a lack of direct sushi competition in the immediate area, while other dining options exist nearby. A transferable liquor license is available to a qualified buyer. Opportunities for growth include expanding hours, adding catering services, implementing a happy hour, and introducing delivery and special promotions. To ensure a smooth transition, the sellers are committed to providing training to the new owner for two weeks following the settlement. This is an exceptional chance to own a well-established, profitable business with significant upside potential.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hockessin
- County
- New Castle
- State
- Delaware
- Longitude
- -75.7093
- Latitude
- 39.7936
