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321 N Franklin Street

Fort Bragg, CA 95437
  • $950,000
  • STATUS: Active
  • ON SITE: 46 Days
  • ID#: 321112751
UPDATED: 51 min ago
$950,000
  • 0
    BEDS
  • 0.09
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,320
    SQFT
  • $220
    $/SQFT
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

Description

The subject property is a two-story structure which includes the bar and three residential rental units. This is an opportunity to own one of the most popular bars, Tip Top Lounge, in Fort Bragg along with the real property. Evidenced of its popularity, the bar has been a main attraction of locals and tourists for many years. The bar is well-equipped with two pool tables, dart boards, and a classic jukebox to set the mood. Tip Top Lounge currently operates with a Type-48 full liquor license and is included in the asking price. Each rental unit features one bedroom and one bathroom and are currently occupied by long-term tenants. Current rental rates are $500, $675, and $700 per month; however the current market suggests a new owner could yield more. In addition, the property has plenty of storage space, an office, a laundry room, and two-space carport. Positioned on a high-trafficked downtown street, the building is closely situated to various high-end boutique stores.

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© 2022 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Rapisarda Real Estate. Data last updated: 2022-01-26T16:56:49.653.
www.raphomes.com/homes/123943702
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321 N Franklin Street Fort Bragg, CA 95437

  • Price: $950,000
  • Status: Active
  • On Site: 46 Days
  • Updated: 51 min ago
  • ID#: 321112751
0
Beds
0
Baths
0
½ Baths
0.09
Acres
4,320
SQFT
$220
$/SQFT
Neighborhood:
Coastal Mendocino
County:
Mendocino
Area:
Coastal Mendocino
Property Description
The subject property is a two-story structure which includes the bar and three residential rental units. This is an opportunity to own one of the most popular bars, Tip Top Lounge, in Fort Bragg along with the real property. Evidenced of its popularity, the bar has been a main attraction of locals and tourists for many years. The bar is well-equipped with two pool tables, dart boards, and a classic jukebox to set the mood. Tip Top Lounge currently operates with a Type-48 full liquor license and is included in the asking price. Each rental unit features one bedroom and one bathroom and are currently occupied by long-term tenants. Current rental rates are $500, $675, and $700 per month; however the current market suggests a new owner could yield more. In addition, the property has plenty of storage space, an office, a laundry room, and two-space carport. Positioned on a high-trafficked downtown street, the building is closely situated to various high-end boutique stores.
Exterior Features

Levels 0 Location AlleyDowntownFreeway NearbyRestaurant NearbyShopping Nearby Parking Total 2 Road Frontage Type City Street

Interior Features

Floor 0 Flooring CarpetConcrete SlabLinoleum

Property Features

Auction No Availability Date 1800-01-01T00:00:00 Building Features 1 Restroom Per UnitExtra StorageFront SignLiving Area in BuildingOther Restroom FacilitiesRestroom(S)-Public Business Type Bar/Tavern/Lounge Current Use Mixed UseResidentialRestaurant Dock Doors 0 Income Includes LaundryRent Industrial Sq Ft 0 Lease Deposit 0 Lease Type Net Leased 0 Load Factor 0 Office Sq Ft 0 Operating Expense Includes Employee(S) SalaryInsuranceMaintenance GroundsProperty TaxUtilities Percent Office 0 Property Sub Type Mixed Use Property Type Commercialsale Retail Sq Ft 0 Structure Type AttachedMixed Use Warehouse Sq Ft 0

Listing information © 2022 Bay Area Real Estate Information Services.
Listing courtesy of Jeff Sacher of Santa Rosa Business & Commercial.


© 2022 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Rapisarda Real Estate. Data last updated: 2022-01-26T16:56:49.653.
 
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