Cabana Themed Bar For
223 S Main St Gainesville, FL
For Sale
Contact for pricing
Operating bar business and lease for sale in Gainesville, FL.
Property Size1,571 SF
Lot Size2.66 Acres
Price / SF$381.92
Days on Market954
Property Features for 223 S Main St
General Information
Standard status
Active
Size
1,571 SF
Lot size
2.66 Acres
Property subtype
OFFICE
Listing Agency:
Bosshardt Realty Services
(352) 256-2112
Listed By:
Eric Ligman · License #3086548
(352) 256-2112
Source:
Moodyscre
Added: Dec 18, 2023
Changed: Jul 6
Last Checked: Jul 21 at 5:54AM
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 Bosshardt Realty Services
Investment Insights
Based on property information with market context.
This is an investment opportunity to acquire an operating bar business and lease, which expires in 2026. The Patio, a full-service cabana-themed bar with a food truck on the premises, is for sale. The property has 1571 square feet. Construction is ongoing, and the price will increase as construction continues. The property benefits from high visibility and average annual daily traffic.
Key Highlights
- Rare investment opportunity.
- Full‑service cabana‑themed bar with food truck on premises.
- Business and lease for sale.
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 | $26.4k | $16.80 |
| − Vacancy | −$1.5k | −$0.92 |
| EGI | $24.9k | $15.88 |
| − OpEx | −$6.2k | −$3.97 |
| NOI | $18.7k | $11.91 |
1,571 SF · lease $16.80/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$267.2K
$233.8K – $311.8K
NOI $18,706 @ 7.0% cap · market cap 3.12%
Second Best
Retail
$238.0K
$208.2K – $277.6K
NOI $16,657 @ 7.0% cap · market cap 2.78%
Theoretical Best
Office A
$389.1K
$340.5K – $454.0K
NOI $27,237 @ 7.0% cap · market cap 4.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Mr October — Gainesville, FL 32601, United States
- Wingman Dj Services — gainesville, fl 32601
- First Magnitude Brewing Company — 1220 SE Veitch St, Gainesville, FL 32601
- Mainstream D J's — Gainesville, FL 32601, United States
- South Main Station — 619 S Main St, Gainesville, FL 32601
Frequently Asked Questions
What type of property is this?
Bar & Pub - Operating bar business and lease for sale in Gainesville, FL.
Where is this bar & pub located?
The property is located at 223 S Main St Gainesville, FL.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Rare investment opportunity.; Full‑service cabana‑themed bar with food truck on premises.; Business and lease for sale.
