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2708 E Cesar Chavez St

Austin, TX 78702
  • $4,999,990
  • STATUS: Active
  • MLS #: 9124465
UPDATED: 49 min ago
$4,999,990
  • 0
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
2017
County:
Area:

School Ratings & Info

Property listed by Realty Austin: (512) 241-1300.

Description

The nearly new award-winning Pitchfork Pretty restaurant is available for sale now with virtually no hard startup costs for an owner/operator. For investors, ownership currently has 8 Letters of Intent from prospective tenants to lease up the space almost immediately, with additional interested parties considering submitting LOIs. The sale includes all FF&E, including kitchen equipment valued at upwards of $400,000, tables and chairs, serving ware, glassware, Sonos sound system, Lutron controlled lighting. The main restaurant boasts nearly 3,000 SF of kitchen, indoor seating (~42 indoor table seats, plus 12 to 14 at the cocktail table plus 12-14 bar seats), bar and lounge area, plus a newly upgraded ~600 SF air-conditioned and heated covered enclosed outdoor porch with automated shades and window awnings and seating for up to 36, 28 dedicated parking spots, and so much more. All are easily accessible off East Cesar Chavez in downtown Austin with alley access from Pleasant Valley. The photos and the 3D walk-through provide an excellent view of all of the kitchen equipment included, the seating layout, bar area, and the enclosed porch area. Stock up on liquor and food and you'll be open and have the opportunity to earn the same awards Pitchfork Pretty was known for. Base rent LOI offers are running from $20,165 to $22,150 which equates to ~$55/SF/YR to over $60/SF/YR plus NNN for taxes and insurance of about $13.30/SF/YR (tenant is responsible for common area maintenance). Pitchfork Pretty turned roughly $2.5M in its last year of operation serving only dinner, with a PPA of ~$65 based on their menu. A higher-end menu, adding lunch, and brunch, and higher-end clientele could easily far surpass those numbers!

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© 2022 Austin Board of REALTORS® (alternatively, from ACTRIS). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2022-09-24T22:01:41.95.

MLS Grid  logoBased on information submitted to the MLS GRID as of 2022-09-24T22:01:41.95 (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Click here for MLS GRID DMCA Notice
www.kwcommercial-dallas.com/homes/132481583
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2708 E Cesar Chavez St Austin, TX 78702

  • Price: $4,999,990
  • Status: Active
  • On Site: Days
  • Updated: 49 min ago
  • MLS #: 9124465
0
Beds
0
Baths
0
½ Baths
0.13
Acres
2017
Built
Neighborhood:
Division O
County:
Travis
Area:
Austin
Property Description
The nearly new award-winning Pitchfork Pretty restaurant is available for sale now with virtually no hard startup costs for an owner/operator. For investors, ownership currently has 8 Letters of Intent from prospective tenants to lease up the space almost immediately, with additional interested parties considering submitting LOIs. The sale includes all FF&E, including kitchen equipment valued at upwards of $400,000, tables and chairs, serving ware, glassware, Sonos sound system, Lutron controlled lighting. The main restaurant boasts nearly 3,000 SF of kitchen, indoor seating (~42 indoor table seats, plus 12 to 14 at the cocktail table plus 12-14 bar seats), bar and lounge area, plus a newly upgraded ~600 SF air-conditioned and heated covered enclosed outdoor porch with automated shades and window awnings and seating for up to 36, 28 dedicated parking spots, and so much more. All are easily accessible off East Cesar Chavez in downtown Austin with alley access from Pleasant Valley. The photos and the 3D walk-through provide an excellent view of all of the kitchen equipment included, the seating layout, bar area, and the enclosed porch area. Stock up on liquor and food and you'll be open and have the opportunity to earn the same awards Pitchfork Pretty was known for. Base rent LOI offers are running from $20,165 to $22,150 which equates to ~$55/SF/YR to over $60/SF/YR plus NNN for taxes and insurance of about $13.30/SF/YR (tenant is responsible for common area maintenance). Pitchfork Pretty turned roughly $2.5M in its last year of operation serving only dinner, with a PPA of ~$65 based on their menu. A higher-end menu, adding lunch, and brunch, and higher-end clientele could easily far surpass those numbers!
Exterior Features

Attached Garage YN No Bays 0 Construction Materials Hardiplank TypeAttic/Crawl Hatchway(S) InsulatedSpray Foam InsulationMasonry €“ PartialAluminum SidingCement SidingWood Siding Foundation Details Slab Garage YN No Other Structures None Parking Features Additional ParkingAlley AccessAsphaltAssignedDeededDrivewayOff StreetOversizedParking LotPaved Road Surface Type ApavdPvd Topography Level View None Waterfront YN No

Interior Features

Building Area Total 3543 Cooling Central AirElectricMulti Units Flooring Concrete Heating CentralForced AirNatural Gas

Property Features

Accessibility Features Accessible Approach With RampCommon AreaAccessible DoorsAccessible EntranceFullyaccessibleGrip-Accessible FeaturesAccessible Hallway(S) Additional Parcels YN Yes Building Features AppliancesCool/FreezerExhaust SystemFixturesFloor DrainsFurnitureKitchen EquipmentMachineryPublic RestroomsRefrigeration UnitSign-FreestandingSingle UserStorageYard Sprinkler(S) Current Use Restaurant Estimated Taxes 43549 Horse YN No Listing Terms CashCommitted Money New Construction YN No Property Condition Resale Property Sub Type Retail Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 43549 Utilities Electricity ConnectedInternet-CableNatural Gas ConnectedPhone AvailableSewer ConnectedWater Connected Water Source Public

Property listed by Realty Austin: (512) 241-1300.


© 2022 Austin Board of REALTORS® (alternatively, from ACTRIS). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2022-09-24T22:01:41.95.

MLS Grid  logoBased on information submitted to the MLS GRID as of 2022-09-24T22:01:41.95 (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Click here for MLS GRID DMCA Notice
 
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KW Commercial Dallas
18333 Preston Rd, Suite 100
Dallas TX, 75252
Property listed by Realty Austin: (512) 241-1300.