February 27, 2022
OCEAN BEACH ICONIC RESTAURANT SOLD!!!
SOLD – OCEAN BEACH ICONIC RESTAURANT
1852-66 BACON ST & 5000-5032 NIAGARA AVE SAN DIEGO (OCEAN BEACH), CA 92107
- Business Includes One Type 47 ABC License (Liquor & Food)
- Real Estate Includes 25,797 Square Feet of Land Less Than 1 Block from Beach
- Major Mixed-Use Redevelopment Opportunity, Potentially 17 Units
- 57+ Year Old, Award Winning Restaurant, Established in 1960
- Zoned CC-4-2 Which Includes Most Retail and Office Uses
- First Time on the Market in Over 57+ Years
- Stock Purchase Agreement Used to Sell the Corporation, Natis Inc.
- Four Additional Retail Units All on Month to Month Lease Agreements
- The Franco Realty Group Represented the Buyer and Seller