Thursday, August 7, 2008

Things You Flip: Baseball Cards, Pancakes, AJ's Pizza?

This listing just got put on the MLS. . .

I can't link to it so just type in MLS # 2104565 into (find a home link). Here's what you'll find:

Business Info
Business Type: Fast Food
DBA: Pizza
Lease Years: 5
Total Income: $278000
Net Income: $278,000

It has the 71-37 Austin Street address listed.

Asking Price? 6.5 million.

Huang bought it last month for 5 million. I don't know anything about commercial real estate so maybe he's just selling the business and not the building. But 6.5 million to take over a pizza place? It's gotta be the building.