Turnkey Restaurant with Dual
1148 County Road 309 Unit 1 Crescent City, FL 32112
1148 County Road 309 Unit 1, Crescent City, FL, 32112
$1,250,000
For Sale
$1,250,000
Fully equipped restaurant with dual frontage and direct access from CR 309 and CR 308, plus an included 5COP liquor license.
Property Size3,205 SF
Price / SF$390.02
Days on Market10
Property Features for 1148 County Road 309 Unit 1
General Information
- Standard status
- Active
- Size
- 3,205 SF
- Property subtype
- Commercial Sale / Mixed Use
Building Details
- Year Built
- 1973
Listing agency
TIMBER TO TIDES REALTY LLC
(386) 937-1471
Listed by
ANDREW REED MATHEWS · License #3384627
(386) 937-1471
Source
Compass
Added: Jul 14 Updated: Jul 22 at 9:16PM Checked: Jul 22 at 9:16PM
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 turnkey restaurant property is offered with full equipment and a complete, ready-to-operate hospitality setup. The offering also includes a 5COP liquor license, a rare and highly coveted component of the deal.
The site provides dual frontage with direct access from both County Road 309 and County Road 308, creating a through-lot configuration for convenient approach from either direction. The property is located just off the St. Johns River in the Welaka/Fruitland area.
Spanning 5.75 acres, the commercial parcel is positioned for visibility and drive-up convenience with frontage on two county roads.
The site provides dual frontage with direct access from both County Road 309 and County Road 308, creating a through-lot configuration for convenient approach from either direction. The property is located just off the St. Johns River in the Welaka/Fruitland area.
Spanning 5.75 acres, the commercial parcel is positioned for visibility and drive-up convenience with frontage on two county roads.
Key Highlights
- 5.75‑acre commercial property with dual frontage and direct access from both CR 309 and CR 308
- Fully equipped restaurant for ongoing operations
- 5COP quota liquor license included
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
—
—
no second resolved use
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 - Fully equipped restaurant with dual frontage and direct access from CR 309 and CR 308, plus an included 5COP liquor license.
Where is this conventional restaurant located?
The property is located at 1148 County Road 309 Unit 1 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 commercial property with dual frontage and direct access from both CR 309 and CR 308; Fully equipped restaurant for ongoing operations; 5COP quota liquor license included
