Commercial for sale with Street and Mountain views
3 story commercial building with reinforced footings and steel reinforced concrete, new electrical and panels, new plumbing redone in 2008. A/C on the ground floor. Electrical, plumbing and drainage risers already in place for an additional 4th floor. ”As-built” architectural drawings are included with the sale.
Building has an existing 8 year lease that terminates on July 31, 2025. Tenants are operating a bar within the building. Tenants are open to a new or extended lease. There is a buyout option in the lease agreement should a buyer wish to operate the bar themselves or use the building for a different purpose.
Building is currently configured as a 3 story bar. Main Bar on ground level with Wine Bar on the third level. Second level can be serviced from either bar.Single restrooms on each level.
Building has a permitted street side ground level covered patio. Levels 2 and 3 have small covered balconies with outdoor seating.
As seller is not operating the bar, financials on the operations are not available.
Building location is in one of the prime areas of the Zona Romantica of Puerto Vallarta, a key tourist area. Foot traffic is excellent. Existing bar has been in operation since 2010, originally by the seller. The bar has an excellent reputation within the gay and straight community, both locals and tourists.
Seller owns the building, land, business license, liquor license and the permit for the exterior street level patio. Seller owns the bar name although it is unregistered as a trademark. All are included in the sale price.
Not included in the sale price: operating equipment and supplies, bar inventory, point of sale system, sound system, televisions, computers, artwork and portable furniture. Current social media pages are owned by the tenant.