Fully Equipped Restaurant With
104 US Highway 41 S Inverness, FL 34450
For Sale
$1,200,000
Well-established restaurant offers a fully equipped commercial kitchen, seating for up to 94, and an upstairs apartment.
Property Size3,266 SF
Price / SF$367.42
Days on Market595
Property Features for 104 US Highway 41 S
General Information
- Standard status
- Active
- Size
- 3,266 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1948
Listing Agency:
Keller Williams-Elite Partners
(352) 848-5064
Listed By:
Tracie Maler · License #3246734
(352) 848-5064
Source:
Xome
Added: Dec 5, 2024
Changed: Jul 23
Last Checked: Jul 23 at 3:34AM
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 Keller Williams-Elite Partners
Investment Insights
Based on property information with market context.
This property operates as a restaurant and includes a functional customer and back-of-house layout designed for daily service. Interior features include a front staff prep area, lobby, a separate office, and two bathrooms. Dining capacity accommodates up to 94 guests. The commercial kitchen is fully equipped with refrigeration and cooking equipment, including a 3-door freezer, 3-door refrigerator, walk-in cooler, 6-burner stove, 2 deep fryers, double convection oven, and a 5' flat top grill. An upstairs apartment with a bathroom is also included and is currently accessible by ladder.
The restaurant is located on US Highway 41 S in Inverness, Florida, and is described as being about one block from Courthouse Square. Public remarks note the property is surrounded by the government center, courthouse, and local businesses.
Financial documents, including an asset list, balance sheets, and income statements, are available upon request.
The restaurant is located on US Highway 41 S in Inverness, Florida, and is described as being about one block from Courthouse Square. Public remarks note the property is surrounded by the government center, courthouse, and local businesses.
Financial documents, including an asset list, balance sheets, and income statements, are available upon request.
Key Highlights
- Restaurant property built in 1948 with a fully equipped commercial kitchen.
- Seating accommodates up to 94 guests.
- Kitchen includes 3‑door freezer, 3‑door refrigerator, walk‑in cooler, 6‑burner stove, 2 deep fryers, double convection oven, and 5' flat top grill.
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 | $71.7k | $21.96 |
| − Vacancy | −$3.2k | −$0.99 |
| EGI | $68.5k | $20.97 |
| − OpEx | −$17.1k | −$5.24 |
| NOI | $51.4k | $15.73 |
3,266 SF · lease $21.96/SF/yr · vacancy 4.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$733.9K
$642.1K – $856.2K
NOI $51,370 @ 7.0% cap · market cap 4.28%
Second Best
Industrial
$307.4K
$269.0K – $358.6K
NOI $21,518 @ 7.0% cap · market cap 1.79%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Mama's Kuntry Kafe
Restaurant
FAQs
What type of property is this?
Conventional restaurant - Well-established restaurant offers a fully equipped commercial kitchen, seating for up to 94, and an upstairs apartment.
Where is this conventional restaurant located?
The property is located at 104 US Highway 41 S Inverness, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Restaurant property built in 1948 with a fully equipped commercial kitchen.; Seating accommodates up to 94 guests.; Kitchen includes 3‑door freezer, 3‑door refrigerator, walk‑in cooler, 6‑burner stove, 2 deep fryers, double convection oven, and 5' flat top grill.
