$600,000
Flagstaff, AZ 86001
MLS# 190763
Status: Closed

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Property Description
Don't runaway, run all the way towards this asset opportunity. The Runway, former coffee/breakfast bar by day and nightclub by night, has hit pause on the music, allowing a new owner the opportunity to create their own vibrant scene with the flesh, skin, and bones of a space that is only lacking new ink. When you hear turnkey, you immediately itemize needed changes. Well the only thing lacking in this turnkey is the new spin and splash of records and cocktails. Sellers took over the space nearly three years ago, pouring close to $1m into their creation. This included a new built-out full kitchen and custom bar, a sound and light system that could power a 2,000 seat arena, a fenced and landscaped exterior patio, and a sumptuous décor that belongs on Hollywood Boulevard let alone N. San
Details
Maps
Contract Info
Status: Closed
Listing Agreement Date: 2022-07-18
Sold Price: $400,000
Current Price: $400,000
Location Tax Legal
County: Coconino
Area: 145 - Flagstaff Townsite
Street #: 30
Direction: S
Street Name: San Francisco
Suffix: Street
City/Town Code: Flagstaff
State/Province: AZ
Zip Code: 86001
Geo Lat: 35.195855
Geo Lon: -111.648575
Key Words
Sale/Rent: Both
SP + Gross Sales: CLO
Net Op Inc: CLO
Down Payment: Submit
Gross Sales: CLO
Bldg/Space Size: 1,500 - 3,999
# Units Motel: None
General Property Description
Property Sub-Type: Cafe/Restaurant/Bar
# Buildings: 1
Year Built: 2019
Status Change Info
Sold Date: 2022-11-30
Sold Price: $400,000
Financing: Cash
Training
Other: For music equip
Property Features
To Show: Appt/CLO
Form of Ownership: Partnership
Sale Price Includes: Leasehold Imps; Licenses
Info on File: Equip/PP List; Leases
Wants: Cash
Training: One Week
Tenant Pays: Cable TV; CAM's; Elecric; Janitorial; Natural Gas; Snow Removal; Trash Collection; Water/Sewer
Cvnt Not To Compete: City of Flagstaff
Interior Amenities: Duo-Pane Win.; Floor Drains; Security System; Smoke /Ht Det; Sprinklers
Exterior Amenities: Fenced; Handic. Access; Landscaped
Management: Mgmt. Co.; Owner
Heating: Central; Natural Gas
Cooling: Gas
Water Source: City Water
Utilities: Electric; Indiv. Metered; Natural Gas; Sewer; Telephone; TV Cable
Flooring: Vinyl Tile
Location: Downtown
Supplements
Francisco St. Full turnkey asset sale with all FF&E, leasehold, inventory, personal property, highly coveted Series 6 liquor license, for $600,000. Use this opportunity as an elastic springboard for any new business leap. Contact listing agent for a private showing and a detailed description of assets. Current rent of $4,700/mo including CAM's. No financials on file. Run, strut, sprint this way and don't look back!
Listing Office: Coldwell Banker Northland
Last Updated: September - 05 - 2024
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