Restaurant Space in Jensen
For Sale
Contact for pricing
3305-3359 NW Main Ave, Jensen Beach, FL
Fully equipped restaurant space with 20-year lease in Jensen Beach.
Property Size1,200 SF
Lot Size2.14 Acres
Price / SF$165.83
Days on Market1163
Property Features for 3305-3359 NW Main Ave
General Information
Standard status
Active
Size
1,200 SF
Lot size
2.14 Acres
Property subtype
RETAIL
Listing Agency:
Jeremiah Baron & Co.
(772) 286-5744
Listed By:
Matthew Mondo · License #SL3445909
(772) 236-7780
Source:
Moodyscre
Added: Aug 23, 2023
Changed: Oct 25
Last Checked: Oct 28 at 12:12PM
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 Jeremiah Baron & Co.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property offers an opportunity to acquire the 20-year lease for a fully equipped restaurant space located in Jensen Beach. The 1,200-square-foot restaurant includes a pizza oven, walk-in cooler, 3-compartment sink, commercial mixer, and stainless steel prep tables. The restaurant also features a check-out/take-out counter, indoor seating, and a grease interceptor. The surrounding area includes the Treasure Coast Mall, various national and local retailers, and residential properties.
Key Highlights
- Fully equipped restaurant space ready for immediate operation.
- Includes valuable equipment: pizza oven, walk‑in cooler, commercial mixer, and more.
- 20‑year lease available.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,070
Cap Rate
8.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$321,400
$321.4K
Cap Rate 7%
$229,571
$229.6K
Cap Rate 9%
$178,556
$178.6K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$23.0K $19.20/SF
− Vacancy
−$1.6K −$1.34/SF
EGI
$21.4K $17.86/SF
− OpEx
−$5.4K −$4.46/SF
NOI
$16.1K $13.39/SF
Area
Martin County, FL
Vacancy
7.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$321,400
Cap Rate 7%
$229,571
Cap Rate 9%
$178,556
Alternative Uses
Best Use
Retail
$315.3K
$275.9K – $367.8K
NOI $22,068 @ 7.0% cap · market cap 11.09%
Second Best
Specialty Retail
$229.6K
$200.9K – $267.8K
NOI $16,070 @ 7.0% cap · market cap 8.08%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
703
Businesses Nearby
500k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 31%
Apparel 29%
Shops & Services 26%
Home Improvements & Furnishings 9%
Macy's
Apparel
52,090 visits/mo
0.5 miles
McDonald's
Dining
37,806 visits/mo
0.3 miles
The Home Depot
Home Improvements & Furnishings
37,183 visits/mo
0.1 miles
Hobby Lobby
Shops & Services
36,816 visits/mo
0.2 miles
DICK'S Sporting Goods
Apparel
34,191 visits/mo
0.4 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Restaurant - Fully equipped restaurant space with 20-year lease in Jensen Beach.
Where is this restaurant located?
The property is located at 3305-3359 NW Main Ave Jensen Beach, FL.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Fully equipped restaurant space ready for immediate operation.; Includes valuable equipment: pizza oven, walk‑in cooler, commercial mixer, and more.; 20‑year lease available.
