Prime Restaurant Property for Sale

Undisclosed Address, North Port, FL 34287
Retail-Commercial for Sale
Also listed as Hospitality
Catylist Listing ID: 30645181
Property Subtypes: Restaurant
Building Size (RSF): 7,141 SF
Gross Building Area: See Agent
Sale Price: $1,600,000
Unit Price: $224.06 PSF
Property Use Type: Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/17/2021

Overview / Comments

Highly profitable restaurant property with full liquor license for sale. This property is a regional landmark with a large established clientele. This property has served a casual fine dining establishment, serving the community delicious food and outstanding service since 1988. Purchase is the real estate. Includes equipment and inventory. This land consists of 5 parcels, with over 80 parking spaces. This business has 400 Ft of US41 frontage. Confidential sale.

Current Tenants

Tenant Business Name Olde World Restaurant

Additional Details

Taxing Authority: Sarasota County
Tax ID/APN: 593106008
Zoning: CG
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention
Property Visibility: Excellent
Largest Nearby Street: US-41/Tamiami Trail Northbound and Southbound
Feet of Frontage: 400
Highway Access: US-41
Airports: Punta Gorda Airport & Sarasota-Bradenton Airport
Site Description: Prime US-41 location in North Port with 80 parking spaces.
Tenancy: Single Tenant
Property Condition: Good
Zoning Description: Commercial General
Water Service: Municipal
Sewer Type: Municipal
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