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The Phoenix 121 S Thayer St

1,540 SF 100% Leased Retail Building Spencer, NE 68777 $110,000 ($71/SF)

Investment Highlights

  • Location, Location, Location
  • Local Support
  • Proximity to Lake Francis Case
  • Established Profitability
  • Highway Appeal

Executive Summary

Welcome to “The Phoenix” located in Spencer, NE, where an incredible opportunity awaits for entrepreneurs and investors alike. This turnkey bar, strategically situated along the Highway 281 and Highway 12!
Key Features:
• Location, Location, Location: Nestled in downtown Spencer, this bar benefits from a prime location, drawing in patrons from both Highway 281 and Highway 12. The strategic positioning ensures a steady stream of traffic, making it a go-to spot for locals and travelers alike.
• Established Profitability: With a track record of success, this bar is a well-established and profitable venture. Its popularity is rooted in the local community and the continuous flow of visitors passing through the area.
• Local Support: Embraced by the community, the bar enjoys strong local support. It has become a gathering place for residents, creating a sense of community and camaraderie.
• Highway Appeal: Positioned directly along the highways, this establishment is not only a local favorite but also attracts passersby seeking a welcoming atmosphere and a refreshing break during their journey.
• Proximity to Lake Francis Case: Only 24 miles from Lake Francis Case, the bar benefits from the influx of lake-goers seeking entertainment and relaxation. This proximity opens up additional revenue streams, especially during the summer months.
Business at a Glance:
• Fully equipped and turnkey operation.
• Established customer base.
• Diverse menu and beverage options.
• Outdoor seating options for patrons to enjoy the surroundings.
Opportunity Awaits: Whether you're an aspiring entrepreneur looking to make a mark in the hospitality industry or an investor seeking a profitable venture, this turnkey bar in Spencer, NE, presents a rare and enticing opportunity. Don't miss the chance to own a thriving business in a dynamic location with both local charm and highway allure.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Bar
Building Size
1,540 SF
Building Class
C
Year Built
1900
Price
$110,000
Price Per SF
$71
Percent Leased
100%
Building Height
1 Story
Building FAR
0.50
Lot Size
0.07 AC
Frontage
23 FT on South Thayer Street

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
100106100
Land Assessment
$740
Improvements Assessment
$40,790
Total Assessment
$41,530
  • Listing ID: 31666719

  • Date on Market: 5/1/2024

  • Last Updated:

  • Address: 121 S Thayer St, Spencer, NE 68777

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