$100,000

507 Spring, Los Angeles 90013

Listing Agent
Bao Han - Urban Realty Group

Presently an upscale tea beverage shop in super convenient location of DTLA. The new concept tea shop has been known as Cha Redefine and generated significant followers for high quality tea beverage in greater LA area. This is not a franchise opportunity so buyer can use different trade name other than the present trade name. The space was completely renovated in early 2021 to bring the highest quality craft and design to a beverage shop, and the complete built out is over 160k plus over 40k equipment included in the asking price. The existing lease is structured as NNN of $395/month and base rent of $4120/month with 3% increase annually, the last two months are rent free. Current lease will be expired on October 2025 with the option to extend additional 60 months (to 2031). This is truly a singular exceptional business opportunity for any beverage entrepreneurs/investors looking to expand their business in downtown LA.

Facts & Features

MLS® # AR23213976
Price $100,000
Bathrooms 0.00
Type Business Opportunity
Status Active

Community Information

Address 507 Spring
Area C16 - Mid Los Angeles
City Los Angeles
County Los Angeles
Zip Code 90013

Amenities

Is Waterfront No
Has Pool No

Interior

Has Basement No
Fireplace No

Additional Information

Date Listed November 19th, 2023
Days on Market 162
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentBao Han
OfficeUrban Realty Group

Listing Map

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