70 N Indiana Avenue - Restaurant Site For Sale

Retail-Commercial for Sale
Catylist Listing ID: 30439499
Property Subtypes: Restaurant
Building Size (RSF): 7,970 SF
Gross Building Area: 8,798 SF
Gross Land Area: 33,754 SF
Sale Price: $1,800,000
Unit Price: $225.85 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: Howard's Restaurant
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/18/2019

Overview / Comments

Iconic Englewood Restaurant known for great food and service with Florida casual ambiance. Restaurant has been completely remodeled including kitchen equipment. A truly "Turn Key" well-established restaurant with tremendous track record since 1955. Seating Capacity of 245 seats. 4 COP License is not transferable. Estimated at $1,820 annually. Over $300,000.00 in FF&E. Business also for sale under separate listing agreement.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Tax ID/APN: 0497160054
Zoning: CG
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Located Between: On N. Indiana Avenue between W. Perry Lane and Cocoanut Avenue
Property Visibility: Excellent
Largest Nearby Street: N. Indiana Avenue
Feet of Frontage: 185
Highway Access: Access from W Perry Lane and Cocoanut Avenue.
Site Description: Access to restaurant parking via W. Perry Lane as well as Cocoanut Avenue and an additional parking lot across Cocoanut Avenue.
Tenancy: Single Tenant
Total Number of Buildings: 1
Year Built: 1971
Year Renovated: 2005
Construction/Siding: Brick, Wood Frame
Total Parking Spaces: 35
Parking Type: Surface
Zoning Description: CG - Commercial General
Lot Frontage: 185
Lot Depth: 183
Legal Description: LOTS 47 & 48 LESS ST RD R/W TOWN CENTER SUB OF LOTS 83 & 84 PLAT OF ENGLEWOOD

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,265 20,553 38,593
Median Age: 60.91 63.17 60.3
Households: 2,847 10,818 19,392

Contact

Photograph of Listing Agent

Howard Corr

CORR COMMERCIAL ADVISORS LLC
MFCRE Member
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