1013 State Street | Erie, PA 16501...to international celebrations. Below is a sampling of traffic generating events. DJ Booth & Dance Floor with Laser Show. Special Event: Downtown

FOR SALE

NOW AVAILABLE

©2019 Sherry Bauer Real Estate Services. The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness.

TURN-KEY RESTAURANT / BAR1013 State Street | Erie, PA 16501

• Restaurant / Bar with 13,949 ± SF Building

• Located in the Heart of Downtown Erie on Bus Route Including Late Night Weekend Service

• Business Occupies 4,240 ± SF First Floor – Completely Renovated in 2015

• Table Seating for 64+ / Bar Seating for 17+

• Like New, Fully Equipped Commercial Kitchen

• DJ Booth, Stage with Dance Floor, Projector with Drop Down Screen and Lighting

• Additional 9,709 ± SF – 2 Bedroom Apartment & Undeveloped Space on 2nd & 3rd Floors

• Sale Includes Real Property, All Business Equipment & Pennsylvania Liquor License

• Tax Incentives Available Including LERTA & Federal Opportunity Zones

• McCoy’s Business Name Excluded From Sale

• Zoned C-3, Central Commercial

OFFERED AT:

$695,000

FOR MORE INFORMATION PLEASE CONTACTSherry BauerBrokerO. 814.453.2000 x 101 C. [email protected]

1315 Peninsula Drive, Suite 2 • Erie, PA 16505 • P. 814.453.2000 • F. 814.453.2001 • www.SherryBauerRealEstate.com

Regional Event Overview

Downtown Erie hosts year round events ranging from regional events & fundraisers to international celebrations. Below is a sampling of traffic generating events.

DJ Booth & Dance Floor with Laser Show

Special Event: Downtown Party

Bar Scene

Special Event: Arm Wrestling

SHERLOCK’S & PARK PLACE18-20 North Park Row & 508-510 State Street Erie, PA 16501

New Year’s Parties Halloween Events



FOR SALE TURN-KEY RESTAURANT / BAR1013 State Street | Erie, PA 16501

Equipment List





Liquor licenseCCTV DVR camera system3 True back bar reach in coolers1 Six tap draft cooler1 Reach in chest coolerBehind the bar wire rolling ss shelvingApprox. 18 high & low top tablesApprox. 72 chairs (excludes exterior furniture)1 Video projector and motorized screenMicros POS system with 3 terminals, 3 thermal printers, 3 cash drawers & tills, 1 kitchen printer & 1 HP server. 4 – 55” LED TVs1 HDMI matrix switcher, 2 mid & high speakers, 2 double 18 sub wolfers, 2 amplifiers, crossover, LED par cans, 6

LED moving lights, computer to run lighting and 1 USB to DMX controllerSeller will provide training

Kitchen upstairs: 1 Ansel system & hood1 Three bowl ss sink1 ss hand wash sink2 Berg units: 1 freezer & 1 refrigerator1 Beverage air cooler1 Heating lamp1 Refrigerator Berg sandwich table1 Tabletop Patriot grill1 Tabletop Patriot char top grill1 – 2 burner tabletop stove2 – 2 basket fryers1 Double shelf ss table that the grill, broiler & stove sit on1 Double stone pizza oven1 Freezer2 Rolling ss tables1 Commercial microwave

Basement:1 Patriot ss warmerMisc. tables and chairs that match upstairs tables & chairsPanels for the bathroom urinals/men’s bathroomWire rolling ss shelfing1 Manitowoc ice machine in basement1 Walk in cooler

F O R S A L ETurn-Key Bar & Grill


AERIAL OVERVIEW:


2018 Demographic EstimatesDemographics 1 Mile 3 Mile 5 MilePopulation 5,014 53,651 138,497No. Households 9,583 37,784 61,645Ave. Household Income $31,611 $49,328 $56,787

Consumer Spending Estimates: Annual Amounts SpentFood Away from Home $14.5M $76.0M $135.5MAlcoholic Beverages $2.7M $13.8M $24.6M

Traffic CountsCollection Street Distance from

SubjectTraffic Volume

State Street at E 11th Street 0.07 miles 9,809 VPDSassafras Street at W. 12th Street 0.29 miles 18,450 VPD

Renaissance Centre Multi-Tenant Retail/ Office Building

©2019 Sherry Bauer Real Estate Services. The information above has been obtained from sources believed reliable. While we do not doubtits accuracy, we have not verified it and make no guarantee, warrantyor representation about it. It is your responsibility to independently confirm its accuracy and completeness. Map Imagery: Google Earth. Traffic & Demographic Data: ©2019 CoStar.



GRAPE ARBOR BED & BREAKFASTBUSINESS OPPORTUNITY

UPMC Hamot Park

Erie BayfrontConvention Center,Marriot & SheratonErie Insurance Sports Arena

Sunset Music Series– Free Concerts at Presque Isle

8 Great Tuesdays– Free Concerts at Liberty Park

Erie Art Museum

AREA ATTRACTIONS:

The subject property is located in the heart of the downtown business & entertainment hub, just 10 blocks from the Bayfront District, 5 miles from Presque Isle State Park & within close proximity to a rich array of cultural & entertainment venues. It is also at the hub of the revitalization effort for Downtown Erie:

Subject Property





Gannon University


Documents

1013 State Street | Erie, PA 16501...to international celebrations. Below is a sampling of traffic generating events. DJ Booth & Dance Floor with Laser Show. Special Event: Downtown