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$ 125,000
Est. payment | /mo
1,380 Sqft Lot
$ 125,000
Est. payment | /mo
1,380 Sqft Lot
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
MLS Listing ID 202604820
Year Built 1900
Lot Size 1,380 Sqft
Lot Dimensions 20 x 150
Property Sub-Type Business
Property Description
George's Best Gyros is for sale! (Ped Mall food cart and brick & mortar restaurant at 213 Iowa Ave) Established in 1984 as a food cart, George's Gyros has become a staple of Iowa City's downtown nightlife for over 40 years. Enormous profit potential for a hands on entrepreneur that wants to embark in the downtown Iowa City fast food / late night food business or a seasoned operator already in the business. The restaurant is located between two popular college bars and across from the University of Iowa campus. Additional income in local festivals, private parties, tailgates, etc. Gross rent at 213 Iowa Ave, Iowa City is $2882 / month with options to renew. City Plaza cart permit subject to city approval. 213 Iowa Ave lease assignment / sublease is subject to Landlord approval. Great profit margin potential / low food costs. Perfect for a hands on owner operator. Equipment & inventory transfers to buyer. Sale is for business only. No real estate is included. Owner is a licensed Realtor in Iowa. Hood Vent and Coolers at restaurant are property of landlord, but maintained by tenant. Additional storage space in basement at 213 Iowa Ave.
Location
State IA
County Johnson
Zoning CB10
Direction Iowa Ave. Downtown Iowa City.
Interior
Heating Electric, Baseboard
Cooling Wall Units
Flooring Ceramic Tile
Exterior
Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Phone Available, City Water
Roof Type Other
Building
Lot Size Range Less Than Half Acre
Structure Type Brick
Others
Tax ID NA
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Listed by Urban Acres Real Estate
NEARBY SCHOOL & BUSINESS