$25,000 for the restaurant. $1.650 million for the land. Any takers?
UPDATE (October 5, 2011): Bell Street Burritos to replace Social House
The Social House on Howell Mill Road has closed.
Lorenzo Wyche, the restaurant’s owner, closed Social House earlier this month for “minor renovations.” It never reopened.
The Shumacher Group, an Atlanta-based real estate broker, listed the restaurant for lease or sale Thursday.
Here’s pricing information from the listing:
Priced at $25,000 for all the furniture, fixtures, and equipment. Property is approximately .6/acre and is available at $1,650,000. Kick out clause of adjacent used luxury car dealer allow for allot more parking or keep as income stream. Landlord will lease restaurant and property at $3500 per month and will entertain lease/purchase scenario’s and possibly owner financing of real estate.
Wyche told What Now Atlanta in an email Thursday that The Shumacher Group has been marketing Social House for almost a year, originally priced at $225,000 for the restaurant itself.
“I was recently hospitalized and diagnosed with Crohn’s Disease and have decided to take off from restaurants for a few years and focus on my health,” Wyche said. “[The Shumacher Group] lowered the listing to $25,000 so we can just move it more quickly. The original listing was at $225,000.”
Biggest selling point? It’s “just steps away from Flip Burger Boutique and down the street from some of the most acclaimed restaurant in Atlanta,” so says the Shumacher group.