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.
|
Additional Details
| Nearest MSA: |
North Port-Sarasota-Bradenton |
| County: |
Sarasota |
| Tax ID/APN: |
0997034903 |
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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