Restaurant/Bar

8299 University Ave NE. Home of Hi-Stakes Bar and Bizzee Bee Cafe, approximately 11,000sf of finished space. Recent (2023) $1,000,000+ remodel to include kitchen, 2 cook lines, and a total café remodel. Property includes 2 PID's, 1.99ac and 0.66ac, building is on the larger parcel, smaller parcel is extra parking rented to neighboring business. 174 parking spaces on primary parcel, 75 parking spaces on the rented parcel. ATM on site owned by seller, very productive earnings. Strong gambling earnings (pull tabs, e-tabs, bingo, wheel, and meat raffles), good liquor sale revenue. Cafe is brand new, opened in August 2023, both bar and café are owned by Seller. Cafe was occupied by Key's Cafe for 28 years. When the owners of Key's retired, they chose to close this location because it was the only location where they didn't own the real estate. Shortly after vacancy Seller decided to remodel and open his own establishment. FF&E optional, heavy traffic and visibility.

Price
$2,950,000
Baths/Half
4
Year Built
1967
Lot Size
2.65
Stories
1
Philip Harry
(651) 717-8048