Fort Bragg, CA 95437,321 N Franklin ST
Listed by Jeff Sacher • Santa Rosa Business & Commercial
Bought with PETER E. MARTIN • JACOBY CREEK REAL ESTATE

$800,000

$950,000

15.8%
Est.Price: ?

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Est. payment /mo

4,320 SqFt


SOLD DATE : 11/30/2022

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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