Description
Opportunity to own stand alone lease-hold building in Downtown Truckee. Prime high traffic exposure located on corner of Bridge St and West River St. Building/Property being sold as FF&E leasehold only. Standard with properties along downtown rail corridor, building is on a long term land lease with Union Pacific Railroad. UP lease documents on file. Adjacent parking lot serves as a maintained public lot ~ huge benefit to restaurant patrons, staff. Town of Truckee is preparing to break ground plans for on major streetscape, sidewalk, parking improvements commencing this May/June 2023. This will be a major improvement to West River Street properties and the Town of Truckee. Healthy NOI for investment buyer and/or great opportunity for owner user. Seller open to discuss creative transaction possibilities. Property has proven to be a highly profitable restaurant location and has operated as a nationally recognized iconic restaurant for several decades. Seller will consider financing for a well qualified buyer.
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Description
Opportunity to own stand alone lease-hold building in Downtown Truckee. Prime high traffic exposure located on corner of Bridge St and West River St. Building/Property being sold as FF&E leasehold only. Standard with properties along downtown rail corridor, building is on a long term land lease with Union Pacific Railroad. UP lease documents on file. Adjacent parking lot serves as a maintained public lot ~ huge benefit to restaurant patrons, staff. Town of Truckee is preparing to break ground plans for on major streetscape, sidewalk, parking improvements commencing this May/June 2023. This will be a major improvement to West River Street properties and the Town of Truckee. Healthy NOI for investment buyer and/or great opportunity for owner user. Seller open to discuss creative transaction possibilities. Property has proven to be a highly profitable restaurant location and has operated as a nationally recognized iconic restaurant for several decades. Seller will consider financing for a well qualified buyer.
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Data last updated: 2023-06-01T17:34:26.283.