Value Added 2 Story Building w/Pub & Lounge 3045 N Federal Hwy #32

3045 N Federal Hwy #32 , Fort Lauderdale, Florida, 33306 | 3,467 sq.f | $ 2,700,000

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About This Restaurant

Investment Highlights

US Highway 1 and E Oakland Park Boulevard intersection frontage, boasting visibility to over 82,000 vehicles passing by each day. Property?s valuable 4COP liquor license is included in the sale Fully renovated in 2018 and provides an in-place security camera system. 3045 N Federal Highway is a two-story, value-add investment opportunity that features a commercial kitchen, two full bars, and a private lounge space. Over 122,000 residents living within a 3-mile radius spent nearly $252 million on food and alcohol away from home in 2023. Property is surrounded by national retailers, including Publix, Target, Smoothie King, Whole Foods, and many more.

Executive Summary

Rare Opportunity to own a Very Successful turnkey local hot spot Pub (bar), Restaurant and Lounge with the real estate (building) included in the sale which is a prime money maker from day one. OWNER FINANCING AVAILABLE. It has been in operation as a bar & restaurant in the same location since 1958, but this building could also change to whatever other business concept a new owner desires. The sale includes the building and everything else too, including a very valuable 4COP Liquor License. Incredible Opportunity to own a one of a kind piece of real estate in Famous Fort Lauderdale. Building has 2 floors, a full kitchen, 2 full bars, and a real exclusive private lounge w/Balcony that can host parties and events of all kinds. It offers a full stage, lighting and sound system. The entertainers and bands absolutely love it. Outdoor seating is available on the patio and out on the awesome balcony too. Other great features of this business is they are known for showing sports (Football, Soccer, Baseball, etc.) on their many TV's, and they have a pool table and darts too. Over 180 people capacity. Sale includes real estate, business, good will, all equipment, furniture, fixtures, inventory, and a very valuable 4COP liquor license. The place is known for live music, comedy, sporting events, and many other special events. This location has always been a pub and restaurant since 1958. The building was completely renovated by the current owner inside and out in 2018. All new everything from the floors to the walls, etc. Building offers over 3467 sq. feet of space. It also has a private office for the new owner to use, and it could be converted to other uses such as a tasting room or whatever else you dream of. Complete camera security system throughout the entire building including cameras on the balcony, patio and back of the building. Full surround sound systems on both floors and lots of large flat screen TV's too. The location is A +++++ and offers high visibility as it is located on the corner of one of the busiest intersections in all of Fort Lauderdale with massive daily traffic. Conveniently located close to desirable neighborhoods, shops with foot traffic, hospitals & a very short drive to the beach attracting locals & tourists alike. Fort Lauderdale is growing like crazy with people moving here in droves, and Fort Lauderdale is one of the most famous tourist destinations in the world. Fort Lauderdale offers the best and most booming restaurant and bar area in all of South Florida.The location offers more FREE parking than any other bar or restaurant in all of Fort Lauderdale with well over 200 parking spaces.PLEASE KEEP THE SALE OF THIS PROPERTY CONFIDENTIAL AT ALL TIMES.FOR INFORMATION OR SHOWING BY APPPOINTMENT ONLY.*** COMMISSION OFFERED TO AGENTS AND BROKERS******Please do not disturb employees or patrons***Proof of Funds required and must sign a confidentiality agreement prior to showings and requests for information.This popular hot spot Pub and restaurant has a solid track record for decades, and is known throughout Fort Lauderdale with the locals and tourists alike. Multiple 5 star reviews on all social platforms on a weekly and monthly basis.Owner is willing to spend 2-3 weeks or more if needed for onboarding new ownership and/or staff as desired. Owner is willing to visit for up to 2 months. The owner is extremely knowledgeable, and has built up both the business and relationships with staff/customers and vendors. This is an amazing opportunity to build on a solid foundation and ensure a smooth transition

Property Details

  • Sale Type    Investment
  • Sale Condition    Lease Option
  • Property Type    Retail
  • Property Subtype    Bar Bar General Retail Fast Food General Retail Restaurant General Retail Storefront Retail/Residential Bar
  • Building Size    3,467
  • Building Class    B
  • Year Built/Renovated    1958/2018
  • Price    2,700,000
  • Price Per SF    779
  • Percent Leased    100
  • Tenancy    Multiple
  • Building Height    2 Stories
  • Building FAR    2.04
  • Land Acres    0.04 AC

Amenities

  • 24 Hour Access
  • Bus Line
  • Conferencing Facility
  • Corner Lot
  • Restaurant
  • Security System
  • Signage
  • Signalized Intersection
  • Wheelchair Accessible
  • Energy Performance Rating - A
  • Storage Space
  • Monument Signage
  • Air Conditioning
  • Balcony

Nearby Amenities & Transportation

Retail Citi
Retail Chase Bank
Retail Bahama Breeze
Retail P D Q
Retail Starbucks
Retail Publix
Retail Ruth?s Chris Steak House
Retail Club Pilates
Retail The Fresh Market
Retail The Original Pancake House

Property Taxes

Parcel Number 49-42-25-08-0070 Improvements Assessment $136,000
Land Assessment $431,730 Total Assessment $567,730
Date Created: 2024-07-16 04:13:32 Last Updated: 2024-07-16 04:13:32
Address: 3045 N Federal Hwy #32 , Fort Lauderdale, Florida, 33306