Carmel's Mexican Restaurant

Retail-Commercial for Sale
Catylist Listing ID: 30030667
Property Subtypes: Free-Standing Building, Restaurant
Building Size (RSF): 5,984 SF
Gross Land Area: 1.54 Acres
Sale Price: $489,000
Unit Price: $81.72 PSF
Ceiling: 9 ft.
Property Use Type: Vacant/Owner-User
Building Name: Carmel's Mexican Restaurant
Usable Size (USF): 5,984 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/20/2017

Overview / Comments

Includes lot across the street at 2918 Tremainsville with a 1,350 sf garage. Mexican fare and serving margaritas since the 1960's. Long standing iconic Toledo restaurant includes a covered outside patio and courtyard.
Hours of operation: Monday thru Thursday 11:30 am to 10 pm, Friday 11:30 am to 11 pm, Saturday Noon to 11 pm and Sunday 3 pm to 7 pm.
Inside seating – 250. Outside seating – 100. Liquor license D1, 2 , 3 and 6 included. FF&E included in the sale price. Walk-in freezer/cooler included. Storage shed at 2947 Tremainsville.

Financials

Finance Data Year 2016
Real Estate Taxes - Annual($) $17,366 (Annual)

Additional Details

Nearest MSA: Toledo
County: Lucas
Taxing Authority: Lucas County
Tax ID/APN: 23-26501
Zoning: CR REGIONAL COMMERCIAL
Property Located Between: Fern Drive and Adelaide Drive
Property Visibility: Excellent
Largest Nearby Street: Laskey and Douglas; Secor and Alexis
Feet of Frontage: 313
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 5,984 SF
Property Condition: Excellent
Year Built: 1964
Roof Type: Flat
Construction/Siding: Block, Steel Frame
Exterior Description: Brick, block and wood
Total Parking Spaces: 60
Parking Type: Surface
Parking Description: At restaurant and lot across the street
Sprinklers: None
Heat Type: Natural Gas
Zoning Description: CR Regional Commercial
Lot Frontage: 313
Lot Depth: 183
Water Service: Municipal
Sewer Type: Municipal


Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,583 105,949 233,773
Median Age: 38.64 38.51 37.27
Households: 6,670 44,486 96,784
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