Comments on: Carytown shop for sale?

By: jay

jay — Wed, 05 Dec 2007 18:31:30 +0000

This has to be “Etc.” between Carytown Burger and the Wachovia branch.

2 storeys, large bar upstairs, open floorplan that could easily facilitate a restaurant

By: Shelley

Shelley — Wed, 05 Dec 2007 15:54:28 +0000

Wouldn’t this have to be the Luxor?

By: jules

jules — Wed, 05 Dec 2007 15:20:21 +0000

Believe me–that is the price of the business and lease. *Nothing* in Carytown is selling for less than high 900s-1.5m, which effectively eliminates the hope of small businesses owning their own real estate. Interesting tidbit: there are 150 businesses in c-town and fewer than a dozen landlords.
The general trend of Spotts & Carneal/for rent signs popping up is mostly due to the astronomical real estate taxes the city has levied these past few years. Either the landlords raise the rent to cover the cost or pass it on the business. Also, either building improvements are left to businesses (or left undone altogether, not uncommon) or the landlord makes improvements and the city raises the assessment and therefore the taxes.
As for Urban, one partner is pursuing her day job full time and the other is continuing the business in a smaller space down the street.

By: Ross

Ross — Tue, 04 Dec 2007 03:48:09 +0000

I interpreted that as 32k$ bought you the business (including the right to pay the rent), not the building.

But yeah that would be ridiculously cheap.

By: Parker

Parker — Mon, 03 Dec 2007 23:08:35 +0000

I also saw that Urban Artifacts had For Lease signs up in its windows.

By: Bill

Bill — Mon, 03 Dec 2007 17:11:53 +0000

I’m a bit new to the area, but isn’t $32 large rock-bottom cheap for a shack in Carytown, much less a two-story shop?

By: Anonymous

Anonymous — Mon, 03 Dec 2007 16:52:54 +0000

Happy Interactions?