1690 Spruce Street

    Riverside, CA 92507
    • $450,000
    • STATUS: Active
    • ON SITE: 224 days
    • ID#: IG19092727
    UPDATED: 55 min ago
    $450,000
    • 0
      BEDS
    • 0.89
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,000
      SQFT
    • $64
      $/SQFT
    Neighborhood:
    Type:
    Business Opportunity
    County:

    School Ratings & Info

    Description

    Welcome to La Casa Ortega Restaurant & Bar. This is a great opportunity to own / run your own restaurant business with immediate profits. La Casa Ortega is a very well establish restaurant in the City of Riverside with plenty of foot traffic and entertainment. The current ownerships prides themselves on high quality customer service with a smile and quality food and drinks. With fantastic reviews and regular clientele this restaurant creates an excellent income source and the local market opportunity to significantly increase profitability. La Casa Ortega is being sold with an active Type 47 Beer, Wine, Liquor and Spirits license and is stocked with some of the best drink options available that a bartender can create. The restaurant features a large bar area, a large private room with seating for 10, a projector and screen to conduct business meetings, a large area with retractable dividers that has a built in stage for entertainment events hosted each weekend, two exterior patios. There are several private parties and a consistent flow of past organizations that allows new owners to continue booking private events and weekend entertainment. This is a business only sale that includes all furniture, kitchen equipment, and decor. There is a current lease on the building at $11,000 per month on a 5 year lease agreement.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-12-12T18:29:23.44. 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 deemed reliable but is not guaranteed accurate by the MLS or Case Realty Group | Coldwell Banker Residential. Licensed in the State of California, USA.

    www.thecaserealtygroup.com/homes/94287056

    1690 Spruce Street Riverside, CA 92507

    • Price: $450,000
    • Status: Active
    • Updated: 55 min ago
    • ID#: IG19092727
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.89
    Acres
    7,000
    SQFT
    $64
    $/SQFT
    Neighborhood:
    252 - Riverside
    County:
    Riverside
    Area:
    252 - Riverside
    Property Description
    Welcome to La Casa Ortega Restaurant & Bar. This is a great opportunity to own / run your own restaurant business with immediate profits. La Casa Ortega is a very well establish restaurant in the City of Riverside with plenty of foot traffic and entertainment. The current ownerships prides themselves on high quality customer service with a smile and quality food and drinks. With fantastic reviews and regular clientele this restaurant creates an excellent income source and the local market opportunity to significantly increase profitability. La Casa Ortega is being sold with an active Type 47 Beer, Wine, Liquor and Spirits license and is stocked with some of the best drink options available that a bartender can create. The restaurant features a large bar area, a large private room with seating for 10, a projector and screen to conduct business meetings, a large area with retractable dividers that has a built in stage for entertainment events hosted each weekend, two exterior patios. There are several private parties and a consistent flow of past organizations that allows new owners to continue booking private events and weekend entertainment. This is a business only sale that includes all furniture, kitchen equipment, and decor. There is a current lease on the building at $11,000 per month on a 5 year lease agreement.
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Building Features Phone SystemTv System Seating Capacity 266

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Business Type Restaurant Country Us Exclusions Point Of Sale System Which is Leased. You Can Call The Current Company To Negotiate A New Lease Inclusions All EquipmentFurnitureAnd Current inventory As Of The Day Contracts Are Fully Executed. Leasable Area Units Square Feet Lease Renewal Option YN No Lot Dimensions Source Assessor Number Of Full Time Employees 3 Number Of Part Time Employees 6 Total Actual Rent 11000.00 Year Established 2016 Years Current Owner 3 Zoning Restaurant / Bar

    Listing provided courtesy of Eric Henry of Active Realty and Martin Medriano of Active Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-12-12T18:29:23.44. 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 deemed reliable but is not guaranteed accurate by the MLS or Case Realty Group | Coldwell Banker Residential. Licensed in the State of California, USA.

     
    Case Realty Group | Coldwell Banker Residential
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    Irvine CA, 92606