217 Church St

Ideally situated just off Market Street, 215 Church Street offers an investor or owner/user an excellent opportunity to purchase a turnkey asset with a trendy restaurant on the ground floor and two vacant, remodeled 4Br/1.5Ba flats above. The Rustic opened in 2023, after investing significant capital in the ground floor space. The business owner is an industry veteran and alum of Chez Panisse in Berkeley, CA. A chic dining room and inviting patio area are served by a full kitchen and bar. The restaurant has storage in the back of the property, in addition to a large basement area. The current lease runs through 2032. The two flats have updated kitchens and bathrooms along with wall-to-wall carpet and newer interior paint. They are spacious units that receive great sunlight and have intelligent layouts. The property is well maintained, and the units are move in ready. It offers significant cash flow as an investment, or the opportunity for a buyer to move in and enjoy the benefit of having additional income. This is a probate sale, subject to court confirmation. Offer date 7/31/24. Please call for details.