Turnkey Restaurant with Liquor
1-1148 Co Rd 309 Crescent City, FL 32112
New
1-1148 Co Rd 309, Crescent City, FL, 32112
$1,250,000
For Sale
$1,250,000
Turnkey restaurant plus a detached liquor store on a dual-frontage site with access from CR 309 and CR 308.
Property Size3,205 SF
Lot Size5.75 Acres
Price / SF$390.02
Days on Market7
Property Features for 1-1148 Co Rd 309
General Information
- Standard status
- Active
- Size
- 3,205 SF
- Lot size
- 5.75 Acres
Listing agency
TIMBER TO TIDES REALTY LLC
(386) 937-1471
Listed by
ANDREW REED MATHEWS · License #3384627
(386) 937-1471
Source
Exprealty
Added: Jul 17 Updated: Jul 22 at 7:44PM Checked: Jul 22 at 7:44PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of TIMBER TO TIDES REALTY LLC
Investment Insights
Based on property information with market context.
This property offers a turnkey, ready-to-operate restaurant with a full commercial kitchen and associated front-of-house setup. The restaurant includes a bar and dining area, along with kitchen equipment such as a commercial pizza oven, walk-in coolers and freezers, exhaust hoods, fryers, flat-tops, conventional ovens, prep stations, and dishwashing facilities.
A detached retail liquor store is located on the same site for package liquor sales. The property also includes a 5COP liquor license included with the sale.
The site features dual road frontage and direct access points from both CR 309 and CR 308, supported by a cleared parking area with on-site circulation between the entrances. The overall through-lot layout provides additional space for continued development or expansion on the property.
A detached retail liquor store is located on the same site for package liquor sales. The property also includes a 5COP liquor license included with the sale.
The site features dual road frontage and direct access points from both CR 309 and CR 308, supported by a cleared parking area with on-site circulation between the entrances. The overall through-lot layout provides additional space for continued development or expansion on the property.
Key Highlights
- 5.75‑acre dual‑frontage commercial site with direct access from both CR 309 and CR 308 (Welaka/Fruitland area)
- Fully operational, ready‑to‑open restaurant with dining room and bar setup plus front‑of‑house furniture and POS systems
- Restaurant includes a chef’s dream commercial kitchen with a pizza oven, walk‑in coolers/freezers, exhaust hood, fryers, flat‑tops, and dishwashing facilities
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.0k | $15.60 |
| − Vacancy | −$2.6k | −$0.81 |
| EGI | $47.4k | $14.79 |
| − OpEx | −$11.8k | −$3.70 |
| NOI | $35.5k | $11.09 |
3,205 SF · lease $15.60/SF/yr · vacancy 5.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$507.8K
$444.4K – $592.5K
NOI $35,549 @ 7.0% cap · market cap 2.84%
Second Best
Retail
$461.4K
$403.7K – $538.3K
NOI $32,297 @ 7.0% cap · market cap 2.58%
Theoretical Best
Office A
$834.7K
$730.3K – $973.8K
NOI $58,427 @ 7.0% cap · market cap 4.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Turnkey restaurant plus a detached liquor store on a dual-frontage site with access from CR 309 and CR 308.
Where is this conventional restaurant located?
The property is located at 1-1148 Co Rd 309 Crescent City, FL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 5.75‑acre dual‑frontage commercial site with direct access from both CR 309 and CR 308 (Welaka/Fruitland area); Fully operational, ready‑to‑open restaurant with dining room and bar setup plus front‑of‑house furniture and POS systems; Restaurant includes a chef’s dream commercial kitchen with a pizza oven, walk‑in coolers/freezers, exhaust hood, fryers, flat‑tops, and dishwashing facilities
