Established Restaurant or Re Develop

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30810720
Property Subtypes: Free-Standing Building, Restaurant, Tavern/Bar/Nightclub, Other
Status: Pending
Building Size (RSF): 7,011 SF
Gross Building Area: See Agent
Gross Land Area: 0.82 Acres
Sale Price: $2,495,000
Unit Price: $355.87 PSF
Property Use Type: Vacant/Owner-User
Usable Size (USF): 7,011 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/4/2022

Overview / Comments

The offering is an established turnkey restaurant. The restaurant continually receives excellent reviews and has a large following in the growing area of North Port, Florida, in Sarasota County, Florida. The sale includes fixtures, furniture, equipment, inventory on hand at closing, and goodwill. Has been in business for over 24 years. The restaurant boasts a beautiful large bar area, the main dining room, and two additional dining areas for general dining, meetings, conferences, and weddings. The traffic count passing this already busy restaurant is 31,000+ a day. North Port is in the midst of a residential boom, with young communities and businesses expanding. An excellent opportunity to purchase a currently operating and busy turnkey restaurant with an exciting customer base in the growing area of North Port, Florida. Property can also be redeveloped for another use - Zoned CG.
Great location to repurpose the existing building to an office or medical office building. Property would be suitable for redevelopment.

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Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Tax ID/APN: 0997034903

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,853 29,568 60,912
Median Age: 52.45 52.32 47.14
Households: 2,785 13,515 25,473
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