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Property profile & analytics
FOR SALE
Drive through restaurants

299 E Broad St Groveland, FL 34736

1,320 SF 0.65 ac lot Built 1985
Individually Owned Absentee Owner Free & Clear
Property ID
US18-3382762
Property summary
AI-generated overview

This thriving restaurant, located at 299 E Broad Street in Groveland, Florida, presents a unique investment opportunity. Boasting 1,320 square feet on a 0.65-acre lot, the property enjoys a prime position on Highway 50, benefiting from high traffic volume. The restaurant features both drive-through and eat-in options, including a buffet and ample seating for patrons. Its current configuration is well-suited to its existing use, but the versatile space also lends itself to a variety of other commercial applications. The property's strategic location is further enhanced by the planned bypass connecting Highway 33 and SR 19, with a park and ride situated nearby, promising increased future traffic. Neighboring businesses include an auto parts store and a gas/convenience station, creating a synergistic commercial environment. The property benefits from a new roof installed at the end of 2023. Financial information is available upon execution of a confidentiality agreement. Seller financing may be available. The asking price of $1,000,000 does not include the business name or the chicken recipe

Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1985
Construction CONCRETE BLOCKS
Total area 1,320 SF
Lot 0.65 ac (28,281 SF)
APN 19-22-25-0002-000-01703
UPID US18-3382762
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
FRIED CHICKEN KRISPYS
FRIED CHICKEN KRISPYS
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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