1749 Newport Blvd

    Costa Mesa, CA 92627
    • $590,000
    • STATUS: Active
    • ON SITE: 64 days
    • ID#: PW18067142
    UPDATED: 47 min ago
    $590,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,000
      SQFT
    • $197
      $/SQFT
    Neighborhood:
    Type:
    Business Opportunity
    County:

    School Ratings & Info

    Description

    The Hub Kitchen & Taps, Costa MesaProfitable, absentee-owned bar and restaurant located on Newport Boulevard with great visibility from the 55 freeway. Type 47 liquor license, new 16 handle draft beer system. Recently approved to serve alcohol until 2 am Thursday-Saturday. Fully remodeled and opened in 2014, large outdoor patio, 15 big screen tvs. Great lease with over 7 years remaining on original term and two 5 year options. Excellent opportunity to increase sales and profits immediately. Gross sales $1,450,000.00. On border of Newport Beach and Costa Mesa with several residential projects currently under construction in immediate vicinity. Huge upside potential. Gross Revenue $1,400,000. Cash Flow $215,000. Brokers welcome.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-05-27T18:26:49.437. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.californiarealtyexperts.com/homes/81968544

    1749 Newport Blvd Costa Mesa, CA 92627

    • Price: $590,000
    • Status: Active
    • Updated: 47 min ago
    • ID#: PW18067142
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    3,000
    SQFT
    $197
    $/SQFT
    Neighborhood:
    699 - Not Defined
    County:
    Orange
    Area:
    699 - Not Defined
    Property Description
    The Hub Kitchen & Taps, Costa MesaProfitable, absentee-owned bar and restaurant located on Newport Boulevard with great visibility from the 55 freeway. Type 47 liquor license, new 16 handle draft beer system. Recently approved to serve alcohol until 2 am Thursday-Saturday. Fully remodeled and opened in 2014, large outdoor patio, 15 big screen tvs. Great lease with over 7 years remaining on original term and two 5 year options. Excellent opportunity to increase sales and profits immediately. Gross sales $1,450,000.00. On border of Newport Beach and Costa Mesa with several residential projects currently under construction in immediate vicinity. Huge upside potential. Gross Revenue $1,400,000. Cash Flow $215,000. Brokers welcome.
    Interior Features

    Building Features Tv System

    Property Features

    Accounting Type Actual Additional Parcels YN No Building Area Units Square Feet Business Type Bar/Tavern/Lounge Country Us Leasable Area Units Square Feet Lease Renewal Option YN Yes Number Of Full Time Employees 20 Number Of Part Time Employees 4 Reason For Selling Absentee Owners Total Actual Rent 8357.00 Year Established 2014

    Listing provided courtesy of Lucia Proulx of Keller Williams Realty.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-05-27T18:26:49.437. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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