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52 4th Street

Granby, CO 80446
  • $1,700,000
  • STATUS: Active
  • ON SITE: 5 Days
  • MLS #: 24-532
New On Site 5 Days Ago
UPDATED: 149 min ago
$1,700,000
  • 1
    BEDS
  • 0.36
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 3,713
    SQFT
  • $458
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1945
County:
Area:

School Ratings & Info

Description

The Pearl Dragon restaurant, owned & operated by the Long Family since 2004, is available for purchase to an aspiring owner/operator. This offering includes both the restaurant business and the iconic downtown Granby building, and is SBA financeable. For the right buyer, the business may be purchased separately with a 5-10 year lease. Please contact listing agent for more details. Pricing Breakdown Business: $600,000 (with great financials) Building: $1.1M (based on a cap rate of 7%) Combined: $1.7MThe Pearl Dragon has adapted its operations to focus on take-out service, maintaining its commitment to serving the community with fantastic cuisine, following COVID. While the dine-in service has been temporarily adjusted, the potential to open the dining room for food and alcohol sales is available with limited effort. The Long family has invested over $500,000 in improvement to the building, infrastructure, hood and kitchen. Detail receipts are available upon request. Some of the improvements include a new roof, heating and cooling system, windows, complete interior remodel, new kitchen equipment, new bathrooms for patrons, kitchen flooring and updates to the attached 1 bedroom 1 bath apartment above the restaurant. Additional storage is also available in the 24 x 32 ft garage/storage building. As Pearl Dragon approaches its 20th anniversary, the Long Family is ready to move on expresses profound gratitude to the community for unwavering support throughout the years. Tours, financials, and additional details are available to qualified buyers.

Monthly Payment Calculator

© 2024 Grand County Board of REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Mountain LifeStyle Realty. Data last updated: 2024-05-17T19:06:14.14.
www.mountainlifestylerealty.com/homes/150441278
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52 4th Street Granby, CO 80446

  • Price: $1,700,000
  • Status: Active
  • On Site: 5 Days
  • Updated: 149 min ago
  • MLS #: 24-532
1
Beds
4
Baths
0
½ Baths
0.36
Acres
3,713
SQFT
$458
$/SQFT
1945
Built
Neighborhood:
Granby
County:
Grand
Area:
Granby Area
Property Description
The Pearl Dragon restaurant, owned & operated by the Long Family since 2004, is available for purchase to an aspiring owner/operator. This offering includes both the restaurant business and the iconic downtown Granby building, and is SBA financeable. For the right buyer, the business may be purchased separately with a 5-10 year lease. Please contact listing agent for more details. Pricing Breakdown Business: $600,000 (with great financials) Building: $1.1M (based on a cap rate of 7%) Combined: $1.7MThe Pearl Dragon has adapted its operations to focus on take-out service, maintaining its commitment to serving the community with fantastic cuisine, following COVID. While the dine-in service has been temporarily adjusted, the potential to open the dining room for food and alcohol sales is available with limited effort. The Long family has invested over $500,000 in improvement to the building, infrastructure, hood and kitchen. Detail receipts are available upon request. Some of the improvements include a new roof, heating and cooling system, windows, complete interior remodel, new kitchen equipment, new bathrooms for patrons, kitchen flooring and updates to the attached 1 bedroom 1 bath apartment above the restaurant. Additional storage is also available in the 24 x 32 ft garage/storage building. As Pearl Dragon approaches its 20th anniversary, the Long Family is ready to move on expresses profound gratitude to the community for unwavering support throughout the years. Tours, financials, and additional details are available to qualified buyers.
Exterior Features

Architectural Style NOT APPLICABLE Attached Garage YN No Carport YN No Construction Materials Frame Road Responsibility City

Property Features

Association YN No Building Area Total 3932 Tax Amount 5340.32 Tax Year 2023


Listing courtesy of Re/Max Peak to Peak: .
© 2024 Grand County Board of REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Mountain LifeStyle Realty. Data last updated: 2024-05-17T19:06:14.14.
 
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