Price drops for former Tre building

 

Know anyone who wants to run a bar and restaurant in the former Tre Lounge space? It just got cheaper.

The building at 601 W. 33rd St. is on the market for $1.475 million – an $80,000 reduction.

“We’re still searching for a buyer,”  said Troy Fawcett of NAI Sioux Falls, who has it listed. “It’s such a great facility. We’ll find the right user. It just takes time.”

The parking lot has been leased to various businesses since Tre closed early this year.

The liquor license for the property was sold, “but there are a number available, so we can certainly help the buyer find one,” Fawcett said. “And they did sell off some tables and chairs, but otherwise everything is still there.”

While nonrestaurant users have looked at it, the building functions best as a bar and restaurant, he added.

“It’s rare you find something set up just like that. There’s a lot of dollars to get a setup like that, so it would be a shame for it not to stay that way, but the ownership doesn’t care.”

While a number of parties were interested shortly after it came on the market, inquiries now have been slower, Fawcett said.

“I think there was some confusion on if it was available or not, so we’re doing a new marketing splash at the reduced price.”

Price drops for former Tre building

The former Tre Lounge has been empty since early this year, and the owners hope a lower price will entice more interest.

News Tip

Have a business news item to share with us?

Scroll to top