Investment Highlights
Liquor License included in the sale
Large Front Lawn and Veranda - high visibility on S Alamo and First Friday Hangout
Perfect Complement to The Manor Hotel King William- 15 room boutique hotel across the street
Additional Parking Lot included - parking for 34 vehicles offering another stream of income
Corner offers privacy and additional parking- perfect place for food trucks
Multiple streams of income private parties on private back terrace garden, front lawn, cafe & other private rooms, bridal suite and lounge upstairs
Executive Summary
The Jewel is a Southtown icon, and is a multi-faceted opportunity which includes the historic building, the parking lot, and the liquor license. Do not get deterred by the square footage under roof, as there are many paths to amplify income. It has continually been operated for decades as an art gallery, a coffee shop, a wine bar, and recently as cocktail bar, brunch restaurant, and venue for private bookings, fund raisers and parties. It has over 100' of S Alamo frontage and faces the elegant Hotel King William, a 15 room boutique hotel and gift shop. The Jewel and Hotel King William are the perfect compliments to one another. ( Also available for Sale). The corner location at Mission St opens up the side of the property for more onsite parking. The parking at The Jewel is NEVER an issue as there is also a private lot that adjoins the site and can hold 34 vehicles. This parking lot is another monetizing avenue for the next owner. (401 Pereida St is also part of this sale). This property is the "go to" site for FIRST FRIDAY STREET FARE. During First Friday, the large veranda and front lawn are rented to venders which brings in an audience crowd for bar and food sales. The open front lawn is appointed with tables and chairs and a stage for bands, and still more room for another outdoor bar. Inside, the historic 2000 sf building has stone walls, wide planked original flooring and very tall ceilings, giving it a regal feel. The original oversized windows bring in so much natural lighting making the atmosphere inside bright and fresh. The cocktail bar lounge leads to other private spaces, then through the cafe to the rear private patio. Upstairs has 2 rooms, a full bathroom and an office, which has been used as a bridal suite, and corporate meeting space.
