About This Restaurant
Investment Highlights
2.6180 acres 170 seat Restaurant Includes Restaurant Liquor license 17,336 under roof. 980 person capacity night club Profitable BAR/Night Club
Executive Summary
Proforma for 2023, based on previous year's growth (on target). Ordinary Business income 2022 over 2021 = 127,480.00 increase.Prime location in PalmettoLAND ALONE APPRAISED FOR $2.5 MILLION IN 2022.Sales volume for concert/ event hall was approximately $1.1million in 2022. 2023 projected higher.Separate Restaurant, 5,000sqft with 170 seats included. (LEASED OUT).Restaurant liquor license for restaurant and night club included in sale2.6180 acresLucrative business"PURCHASE INCLUDES" - NIGHT CLUB - BUILDING - LAND & LIQUOR LICENSE
Property Details
- Sale Type Investment
- Property Type Retail
- Property Subtype Bar Bar General Retail Restaurant Bar
- Building Size 17,336
- Building Class B
- Year Built 1981
- Price 3,600,000
- Price Per SF 208
- Cap Rate 8.54
- NOI 307,316
- Percent Leased 100
- Tenancy Multiple
- Building Height 1 Story
- Building FAR 0.15
- Land Acres 2.60 AC
Amenities
- Pylon Sign
- Restaurant
Property Taxes
| Parcel Number | 25827-0005-6 | Improvements Assessment | $557,736 |
| Land Assessment | $962,258 | Total Assessment | $1,519,994 |
| Date Created: | 2024-07-16 04:13:31 | Last Updated: | 2024-07-16 04:13:31 |
| Address: | 1330 10th St E , Palmetto, Florida, 34221 | ||