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$4,999,990
38 Days Online

2708 E Cesar Chavez Street
Austin, TX 78702

For Sale|Commercial|Active
0
Beds
0
Full Baths
0
Partial Baths
3,543
SqFt
$1,411
/SqFt
2017
Built
Subdivision:
Division O
County:
Travis

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512-400-4248
2708 E Cesar Chavez Street2708 E Cesar Chavez Street2708 E Cesar Chavez Street2708 E Cesar Chavez Street
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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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Listing Snapshot
Price 
$4,999,990
Days Online 
38 Days
Bedrooms 
N/A
Inside Area (SqFt) 
3,543 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1289 Acres
Year Built 
2017
MLS Number 
9124465
Status 
Active
Property Tax 
$43,549
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 weeks agoListing updated with changes from the MLS
a month agoListing first seen online
General Features
Parking 
Additional ParkingAlley AccessAssignedAsphaltDeededDrivewayOff StreetOversizedPavedParking Lot
Parking Spaces 
28
Sewer 
Public Sewer
Acreage 
0.1289
Water 
Public
Security 
Closed Circuit CamerasFire AlarmFire Sprinkler System
Green Energy Efficient 
Insulation
Utilities 
Cable AvailableElectricity ConnectedNatural Gas ConnectedPhone AvailableSewer ConnectedWater Connected
Foundation 
Slab
Zoning 
CS-CO-MU-NP
Listing Conditions 
Standard
Interior Features
Cooling 
Central AirElectricMulti Units
Heating 
CentralForced AirNatural Gas
Flooring 
Concrete
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Exterior Features
View 
None
Waterfront Property 
No
Exterior 
Sprinkler Irrigation
Lot 
Level
Other Structures 
None
Community Features
MLS Area 
5
Security Features 
Closed Circuit CamerasFire AlarmFire Sprinkler System
Listing courtesy of Realty Austin.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings courtesy of ACTRIS as distributed by MLS GRID. 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.
Data last update - 2022-10-02 04:45 PM CDT

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Neighborhood & Commute
Source: Walkscore
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