Chinatown TURN KEY RESTAURANT with Gas/Vent/Hood/Walk-In Freezer (422 Ord St – $2.35psf/1,700sf)

Description

Great restaurant opportunity in the heart of Chinatown! This corner restaurant space gets incredible drive-by visibility on Hill Street!  Previous restaurant owner retired, but business was good and they were very popular!  People keep showing up to eat when I’m at the space!  Was previously a pho restaurant concept!  Has two public restrooms and one employee restroom.  Tons of equipment included!  Has existing hood, and grease trap. Also has fryer, gas stove, large walk-in freezer, and much more.  There’s a large storage area.  Appears to have all the necessary sink to maintain health permits.  The building has parking in the back that’s shared with the second floor office spaces.  There’s a total of five spaces (ten if tandem) Available.  The building next to the garage also has plenty of parking in the lot behind it!  Space has central HVAC!  There are currently dropped ceilings in the dining area but new tenant is welcome to remove them and expose the wood ceiling.  Space gets tons of natural light!  Possible to apply for beer, wine, and liquor license and appropriate permits.  Excellent opportunity to get into a restaurant space in Downtown LA!  If you’ve been looking, you know that restaurant space with existing vent, and hood is very hard to come by! Most of the time you have to buy the business for around $300,000!!  This space owner is only asking $35,000 for key money! Rent rate also just reduced from $4850 monthly to $4000 monthly!  Modified gross lease so tenant pays for rent and utilities, no CAM or NNN fees!  Take this off the market now before it’s too late!  Scheduling appointments to tour now, give us a call!

 

Essential Information

Price
$4,000 Monthly
Type
Modified Gross
Status
Rent
Address
422 Ord St
Square Feet
1,700
Donegan McCuaig, CEO/Broker

Donegan McCuaig, CEO/Broker

Agent Of Property

(213) 304-4727

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453 S. Spring St Suite 818

Los Angeles, CA 90013

United States

Opening Hours

Monday - Friday : 9 am - 6 pm
By Appointment Only




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