508 US-52 - Restaurant FOR SALE


Velva, ND 58790
$435,000 USD
701-500-4859
508 US-52, Velva, ND for Sale
$435,000 USD
Restaurant - FOR SALE
1/32
null | Request Cap Rate

508 US-52
Velva, ND 58790


HIGHLIGHTS

  • Convenient location
  • Room for events
  • Many updates

OVERVIEW

Endless Possibilities Await - Commercial Building in Velva, ND. Opportunity knocks in small-town North Dakota! This sprawling 7,420 sq ft commercial property, currently home to The Lariat bar, is ready for its next chapter. Conveniently located just off Highway 52 W in Velva, this 1973-built gem is an entrepreneur's dream, packed with character, functionality, and room to grow. Over the years, this building has proudly hosted some of Velva's memorable community events - from celebrations to gatherings that brought neighbors together. We hope the new owners will continue this legacy and keep the spirit of connection in the community alive. Inside, you'll find a rustic, spacious layout that includes: A full-service bar area with 2 sinks, a fireplace, and a giant walk-in cooler. A fully equipped salon/boutique space, offering income potential or creative expansion. Possibility for 2 kitchens to meet diverse business needs. 4 bathrooms and 1 shower. Ample storage rooms throughout. Recently painted in 2020. Major system updates include: New water and plumbing lines (2024) behind the bar. New double furnace (2020). New water heater (2019). New AC/HVAC outdoor condenser (2020). Whether you're looking to continue the legacy of The Lariat or reinvent this expansive property into something new - event venue, restaurant, retail hub, studio space, or all of the above - the potential here is limitless. Schedule your showing today and bring your vision to life in this one-of-a-kind community space!

FOR SALE DETAILS

PRICE

$435,000 USD

PRICE/SF

$59 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Lariat Bar

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar, Restaurant, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.54 AC

LAND SF

67,294 SF

ZONING

C1

APN/PARCEL ID

55002311131000,55002311132000

ASK ABOUT THIS PROPERTY

Kelsey CarrollBrokers 12More Info
701-500-4859

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Kelsey CarrollBrokers 12More Info
701-500-4859

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