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Remodeled Restaurant/Bar in European Village

101 PALM HARBOR PARKWAY A101, Palm Coast, FL 32137

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For Sale

$749,000

Turnkey restaurant/bar with real estate in a high-traffic location.

Type:Commercial/Industrial

Property size:

2,485 SF

Lot size:

0.02 Acres

Price / SF:

$301/SF

HighLights

Turnkey remodeled restaurant/bar with real estate included.
Prime location at the main entryway of European Village with high foot traffic.
4COP SFS liquor license until 2 am.
Indoor and outdoor seating: 44 inside, 47 outside.
Fully equipped kitchen with extensive cooking equipment.
Convertible dining room with stage, sound system, and lighting for entertainment.

We can help!

Contact an agent

Cliff Glansen

For Sale

$749,000

Turnkey restaurant/bar with real estate in a high-traffic location.

Type:Commercial/Industrial

Property size:

2,485 SF

Lot size:

0.02 Acres

Price / SF:

$301/SF

Added:: Jan 13, 2025
Days on Market:: 540
Last Refresh:: Jul 4 at 12:53 pm

Property Features for 101 PALM HARBOR PARKWAY A101

General Information

Standard status: Active
Size: 2,485 SF
Lot size: 0.02 Acres
Property subtype: Commercial/Industrial

Building Details

Year Built: 2005

We can help!

Contact an agent

Cliff Glansen

Listing office FLATFEE.COM

Listing date Jan 13, 2025

Source Exitrealty

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 FLATFEE.COM

HighLights

Turnkey remodeled restaurant/bar with real estate included.
Prime location at the main entryway of European Village with high foot traffic.
4COP SFS liquor license until 2 am.
Indoor and outdoor seating: 44 inside, 47 outside.
Fully equipped kitchen with extensive cooking equipment.
Convertible dining room with stage, sound system, and lighting for entertainment.

Overview

This turnkey, remodeled restaurant and bar is located in European Village, Palm Coast. Situated at the main entryway of the Village, the property benefits from high foot traffic and visibility. The restaurant features both indoor and outdoor seating, accommodating 44 patrons inside and 47 on the patio. The custom LED bar area seats 35 and includes two-speed wells. The establishment has a sports bar theme with seven big-screen TVs and two POS stations. The dining room can be converted into a lounge with a 7 x 10 stage for entertainment, an RCF PA/sound system, and LED lighting. The fully equipped kitchen includes flattop and char grills, six 6-burner stoves, double ovens, a fryer, two sandwich coolers, a chef base, a steam line, and multiple reach-in coolers and freezers. The dining patio is furnished with granite-top tables and bamboo chairs. The property has a 4COP SFS liquor license until 2 AM. The property size is 2485 square feet.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$54.6k	$21.96
− Vacancy	−$2.8k	−$1.14
EGI	$51.7k	$20.82
− OpEx	−$12.9k	−$5.20
NOI	$38.8k	$15.61

2,485 SF · lease $21.96/SF/yr · vacancy 5.20% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$554.3K

$485.0K – $646.7K (±1% cap)

NOI $38,800 @ 7.0% cap · market cap 5.18%

Second Best

—

no second resolved use

Theoretical Best

Office A

$597.2K

$522.5K – $696.7K (±1% cap)

NOI $41,802 @ 7.0% cap · market cap 5.58%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Massage by Alice ... Alternative Medicine Practice Trademark Realty Group ... Real Estate Agency Red Koi Restaurant Palm Coast Gold ... (Bike/Boat/Book/etc) Store Berkshire Hathaway HS ... Real Estate Agency

Suggested Use

Similar Places Nearby

Ash & Ale Lounge (formerly The Humidor) — 101 Palm Harbor Pkwy Unit B-119, Palm Coast, FL 32137
The Village Pub & Deli — 101 Palm Harbor Pkwy Unit 133, Palm Coast, FL 32137
Flagler Cigar Company — 101 Palm Harbor Pkwy B-119, Palm Coast, FL 32137

Location Insight

Map
Local Demand

City: Palm Coast
County: Flagler
State: Florida
Longitude: -81.1901434
Latitude: 29.5709588

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Remodeled Restaurant and Bar

Turnkey restaurant and bar with indoor and outdoor seating.

9 NE PALM HARBOR VILLAGE WAY NE, PALM COAST, FL 32137

View Details

For sale
Bars & Pubs
FL
Palm Coast
32137
101 PALM HARBOR PARKWAY A101

What type of property is this?

Bar & Pub - Turnkey restaurant/bar with real estate in a high-traffic location.

Where is this bar & pub located?

The property is located at 101 PALM HARBOR PARKWAY A101 Palm Coast, FL.

What is the asking price?

The asking price for this property is $749,000.

What are key features of this property?

This property features: Turnkey remodeled restaurant/bar with real estate included.; Prime location at the main entryway of European Village with high foot traffic.; 4COP SFS liquor license until 2 am.