FALL RIVER — The city has long had the reputation of having fantastic dining. It’s also currently in the midst of a scorching hot real estate market with several long-beloved eateries for sale. But selling restaurants isn’t easy.
On the market right now are Fall River landmarks like Patti’s Pierogis, Mee Sum and O Gil, longstanding hotspots whose multicultural cuisine reflects the city’s history as a haven for immigrants. Newer eateries with promise, like Towne House and 19 Prime, are up for grabs. The Historic Abbey, the Rock Street restaurant and function hall that was once Lizzie Borden’s church, was put on the market last summer. It too is still available.
Some have lingered for months or years. Some have seen drastic drops in their asking price.
Yet triple-deckers and single-family homes, even in rough shape, get snapped up quickly. So why is selling a restaurant challenging?
“All the ones that aren’t selling, they come with their own pile of issues,” said Holly Bronhard, a Realtor with eXp Realty. “I don’t think it has anything to do with the market.”
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