325 State St

Investment Highlights

Outstanding space & decor throughout. Large outdoor patio. Bldg easily sub-divided or reconfugured for other uses. Cooperative Municipality. Add value with conversion to office or residential. Mixed-use acceptable to zoning. PILOT available. Second floor has an additional bar with open meeting & seating space for 150 guests. (1) Elevator

Executive Summary

Completely renovated in 2014, this spectacularly decorated Mexican restaurant offers a prime investment opportunity in a rapidly developing area. Located near popular hotels, the state-of-the-art aquatic center, and the new hockey rink, this property is poised for growth and high traffic. This magnificent building boasts over 27,000 SF, making it perfect for conversion to office space, residential units, or continued use as an entertainment venue. The first floor seats 120 across two sections, features two bars that seat 21, and a spacious patio that accommodates over 80 guests. The floor also includes a superior kitchen with two full production lines. The second floor can seat 150 guests and has an additional bar seating 10. This floor includes a prep kitchen and a wait staff locker room. There is also a separate banquet room that seats 50. The third floor consists of office spaces and an owner's apartment. This prime location is perfect for businesses seeking proximity to the new hotels, aquatic center, and hockey rink, making it an ideal choice for various commercial or residential developments.

• Sale Type    Investment or Owner User
• Property Type    Retail
• Property Subtype    Restaurant Restaurant General Retail Storefront Retail/Residential OfficeLoft Creative Space Restaurant
• Building Size    27,870
• Building Class    B
• Year Built/Renovated    1950/2014
• Price    1,695,000
• Price Per SF    61
• Percent Leased    Vacant
• Tenancy    Multiple
• Building Height    3 Stories
• Building FAR    2.46
• Land Acres    0.26 AC
• Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.