BUSINESS OPPORTUNITY AUCTION
February 16, 2011 12:01 PM EST
4518, 4516, 4536 & 4520 W. 8th St
Cincinnati (Price Hill), OH 45238
The Auction will take place at 4518 W. 8th St.
THE FORMER BLUE NOTE NIGHTCLUB
If you have ever desired to own an established nightclub, name your price on this fantastic opportunity complete with real estate, liquor license transfer privilege, equipment, and customers. Owner is in another business venture that requires his time and efforts.
February 16, 2011 12:01 PM EST
4518, 4516, 4536 & 4520 W. 8th St
Cincinnati (Price Hill), OH 45238
The Auction will take place at 4518 W. 8th St.
4518 W. 8th St. – This is a single story concrete block building located in the business district of West Price Hill. The building, constructed in 1994, contains 4,487sf divided into the bar area, patron seating area, and entertainment stage. The property has a tax assessed value of $264,580 under PID # 1800082011500. It will be offered complete with the D5/D6 liquor license transfer privilege and all the fixtures and equipment. A detailed listing of equipment can be found on our website at www.SempleSells.com. The owner will enter into a management agreement with the purchaser while the liquor license is being transferred so the club will never be closed during the process, a copy of which is also on our website.
4516 W. 8th St. – Located contiguous to the above property is this 39’x125’ lot currently being used as a beer garden with basketball & volleyball court for the patrons of the nightclub. Hamilton County PID # 1800082011300. This property has a tax assessed value of $40,100.
4536 W. 8th St. – This property is located apprx. 200’ west of the nightclub. It consists of a 528sf building and a 16,000 sf parking lot for the patrons of the nightclub. The lot size is 90’x 200’ (0.415 acre). Currently the property is generating $250.00 per month w/ tenant paying gas & electric. Owner pays water useage. The building is rented on a month to month basis. This property is currently assessed for taxes at $92,500 as shown on PID # 1800082002700.
These three properties will be offered as a package complete with the nightclub fixtures, equipment, sound system, and D5/D6 liquor license transfer privilege.
NAME YOUR PRICE
4520 W. 8th St. – This property is contiguous to the above offering. The winning bidder from the above offering will also have a chance to bid on this property, should they desire to expand the seating capacity of the nightclub in offering #1. This 4,458 sf brick building was constructed in 1911 and is well situated on a 34’x125’corner lot. It will also be offered with the fixtures and equipment as detailed on our website. This nightclub is currently operating on the same liquor license as the above offering. If the buyer does not purchase “offering #1”, they will have to obtain their own liquor license to continue operation as a bar/nightclub. Enhancing the desirability of this property are the apartments on the second floor which will provide additional income to the purchaser. These units are currently rented for $395.00 each, on a month to month basis, with the tenants paying gas and electric charges. Owner pays water charges. Assessed at $146,670 for taxes under PID # 1800082012100.
NAME YOUR PRICE
Management Agreement during license transfer