Bought with PETER E. MARTIN • JACOBY CREEK REAL ESTATE
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321 N Franklin ST Fort Bragg, CA 95437
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Key Details
Sold Price $800,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 4,320 sqft
Price per Sqft $185
MLS Listing ID 321112751
Sold Date 11/30/22
HOA Y/N No
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.
Location
State CA
County Mendocino
Area Coastal Mendocino
Interior
Flooring Carpet, Concrete Slab, Linoleum
Exterior
Garage Spaces 2.0
Building
Story 2
Level or Stories 2
Others
Special Listing Condition None
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