RETAIL FOR SALE FRESNO'S RAINBOW BALLROOM BUSINESS + 2 PARKING LOTS 1725 Broadway St, Fresno, CA 93721 OFFERING SUMMARY PROPERTY HIGHLIGHTS • Long Standing Venue (100+ Years) Generating A Profit SALE PRICE: $3,995,000 • Flagship Downtown Location Surrounded by Eateries/Events CAP RATE: 14.03% • Everything Is Included: Type 47 Liquor License, Equipment, etc GROSS SALES (2019): $1,001,601 • Expansion Opportunity For Wedding/Entertainment, & Events NOI: $560,619 • Weddings, Corporate Seminars, Family Retreats, Marketplace LOT SIZE: 1.224 Acres • Reunions, Concerts, Proms/Quienceniera, Fundraisers • Year-Round Venue w/ Healthy Cash Flow | Value Add Opportunity BUILDING SIZE: 18,750 SF • Superior Location w/ Limited Competition | Abundant Parking Type 47 Included LIQUOR LICENSE: • Double-Digit Year-Over-Year Sales Growth BUSINESS ASSETS: Included & Active • Regional Bus System Provides Easy Access Within Fresno & Clovis RENOVATED: 2009 • Fresno County's Dominate Metropolitan Area • Landmark Building in the Fresno Downtown Area ZONING: DTN • Over 157,039 People Living Within 3 Mile Radius MARKET: Downtown Fresno • 2 Miles From Fresno City College; 8 Miles From CSU Fresno 466-196-02, • Over 20,000 College Students Within A Fifteen Minute Drive APN'S: 466-192-11, -07 • Excellent Access To All Major Freeways KW COMMERCIAL JARED ENNIS KEVIN LAND 559.302.8698 Executive Vice President Executive Managing Director 0: 559.302.8698 O: 559.359.4035 C: 559.302.8698 C: 559.359.4035
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