44 Belden Hill Rd - Restaurant FOR SALE


East Burke, VT 05832
$2,500,000 USD
802-673-8876
44 Belden Hill Rd, East Burke, VT for Sale
$2,500,000 USD
Restaurant - FOR SALE
1/24
null | Request Cap Rate

44 Belden Hill Rd
East Burke, VT 05832


HIGHLIGHTS

  • Seasonal Tiki Bar. 9.42 Acres. Permit for 15 RV/Camp Sites. Apt for rent or workers. Bath/Shower Facility. Right on Kingdom Trails Mountain Biking.

OVERVIEW

Welcome to Mike's Tiki Bar, in operation since 2014 located on 9.5 acres, in East Burke Village, the heart of Kingdom Trails. This large, in town parcel has so much to offer. A spacious updated apartment sits above a downstairs space that is currently used for storage and an office, also being partially set up and permitted to hold an ice cream shop, or potentially other take out options. The tiki bar space is permitted to hold 100 people, and also has a permit for a 40 seat restaurant and a dry goods store. There is a three stall coin operated shower, a structure with two bathrooms that are all set up, as well as a separate structure that will be ready as soon as toilets are installed. There is a large flat area that is currently used for parking, and additional acreage that is permitted for 15 overnight RV camping spots. Multiple large storage sheds throughout the property provide space for large equipment, and any other storage needs that you may need to operate this business. If you've spent anytime in East Burke you know the tiki bar and how loved it is by bikers, locals, or anyone looking to enjoy an evening outside, with dinner from the multiple food trucks, and potentially a little live music. So much has been put into making this property such an attraction, and the permits are in place to take it even further if that's what you'd like to do. Don't miss this amazing opportunity to own a business in the heart of this incredible town.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$1,178 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mike's Tiki Bar

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

9.43 AC

LAND SF

410,618 SF

ZONING

Village Mixed Use

APN/PARCEL ID

111-034-10655

ASK ABOUT THIS PROPERTY

Nicholas MaclureCentury 21 Farm & ForestMore Info
802-673-8876

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Nicholas MaclureCentury 21 Farm & ForestMore Info
802-673-8876

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.