Built-Out Restaurant with Full
For Sale
$345,000
11051 SOUTHERN Boulevard, Royal Palm Beach, FL
Business Opportunity, Royal Palm Beach, FL
Property Size1,950 SF
Price / SF$176.92
Days on Market52
Property Features for 11051 SOUTHERN Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CG (city)
Subdivision
5530
Standard status
Active
Size
1,950 SF
Additional Details
Business Included
Yes
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating), Exhaust Fan (Heating)
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
2023
Floors in Building
1
Building materials
CBS
Roof type
Flat
Listing Agency:
Illustrated Properties
(305) 779-1926
Listed By:
Purnima Patel · License #3642692
(561) 528-5222
Added: Sep 15
Changed: Oct 25
Last Checked: Nov 5 at 2:06AM
MLS# B26076667
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 1,950-square-foot restaurant at 11051 Southern Boulevard includes approximately 150 seats, a full-service bar, commercial kitchen, restaurant equipment, furniture, fixtures, and completed interior improvements. The property features contemporary finishes, central air conditioning, electric service, a flat roof, and CBS construction. A 4COP full liquor license is included, supporting both dining and beverage service.
Located in Royal Palm Beach, the property has public water and public sewer. It was built in 2023 and carries CG zoning through the city. The existing layout includes a spacious dining area and bar, with infrastructure identified for catering, private events, takeout, and delivery, subject to applicable lease, zoning, licensing, and landlord approvals.
Located in Royal Palm Beach, the property has public water and public sewer. It was built in 2023 and carries CG zoning through the city. The existing layout includes a spacious dining area and bar, with infrastructure identified for catering, private events, takeout, and delivery, subject to applicable lease, zoning, licensing, and landlord approvals.
Key Highlights
- 1,950 SF restaurant with approximately 150 seats
- 4COP full liquor license included
- Full‑service bar and commercial kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,052
Cap Rate
6.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$421,040
$421.0K
Cap Rate 7%
$300,743
$300.7K
Cap Rate 9%
$233,911
$233.9K
Market Conditions
NOI Build-Up for 1,950 SF
Gross rent
$31.8K $16.32/SF
− Vacancy
−$1.8K −$0.90/SF
EGI
$30.1K $15.42/SF
− OpEx
−$9.0K −$4.63/SF
NOI
$21.1K $10.80/SF
Area
Palm Beach County, FL
Vacancy
5.50%
Lease Rate
$16.32 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$421,040
Cap Rate 7%
$300,743
Cap Rate 9%
$233,911
Alternative Uses
Best Use
Specialty Retail
$536.3K
$469.2K – $625.7K
NOI $37,539 @ 7.0% cap · market cap 10.88%
Second Best
Industrial
$300.7K
$263.2K – $350.9K
NOI $21,052 @ 7.0% cap · market cap 6.10%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $96,131 @ 7.0% cap · market cap 27.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
460
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Modern restaurant with a full-service bar, commercial kitchen, and included furnishings and equipment.
Where is this conventional restaurant located?
The property is located at 11051 SOUTHERN Boulevard Royal Palm Beach, FL.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: 1,950 SF restaurant with approximately 150 seats; 4COP full liquor license included; Full‑service bar and commercial kitchen
