206 Elk Run AvePunxsutawney, PA 15767

For Sale
$575,000

Turnkey Restaurant, Established Business

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional opportunity presents the chance to acquire Neko's Bar & Grille, a thriving establishment located at 206 Elk Run, Punxsutawney, PA 15767. Established in 1998, this 1,584 square foot, single-story building sits on a 0.2-acre lot and includes 44 parking spaces. The property boasts a warm and inviting atmosphere, featuring timber frame accents and comfortably seating thirty-four patrons, with room for expansion. A fully equipped bar, complete with a long tap system, ice machine, and ample storage, is complemented by a functional kitchen equipped with freezers, coolers, workstations, a display for baked goods, and a fire suppression system. Additional amenities include a dedicated laundry room with washer and dryer, a safe, a leased commercial dishwasher, a Pepsi beverage dispenser, and two restrooms. A long black porch with a separate kitchen entrance facilitates easy deliveries. The sale includes all furniture, fixtures, and equipment, along with a valuable liquor license, making this a true turnkey operation. The property is zoned commercial and has a proven track record of success, offering immediate potential for continued growth and profitability. The asking price is $575,000, translating to $363.01 per square foot. Occupancy is available August 5th, 2024. This is a rare opportunity to own a well-established, profitable business with a loyal customer base in a desirable location.

Highlights

  • Established Neko's Bar & Grille, operating successfully since 1998.
  • Turnkey operation including all FF&E and liquor license.
  • 1,584 SF building on a 0.2-acre lot with 44 parking spaces.

Property Details for 206 Elk Run Ave

Property type
Investment properties, Other commercial real estate
Square Feet
1,584 SF
Year Built
1998
Buildings
1
Stories
1
Lot Size (sq. ft)
8,712 SF
Units
1

Location Insight

City
Punxsutawney
County
Jefferson
State
Pennsylvania
Latitude
40.951226555075
Longitude
-78.964683715736
206 Elk Run Ave, Punxsutawney, Pennsylvania

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206 Elk Run Ave
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