Established Pub with Covered
For Sale
Contact for pricing
Pending
108 N Pine Avenue, Inverness, FL 34450
Pub operation includes a full kitchen, furniture, fixtures, equipment, event trailers, and a beer and wine license.
Property Size1,000 SF
Days on Market568
Property Features for 108 N Pine Avenue
General Information
Standard status
Pending
Size
1,000 SF
Property subtype
Special Purpose
Restaurant
Seating Capacity
91
Patio
Yes
Equipment Included
Yes
Liquor License
Yes
Additional Details
Furnished
Yes
Business Included
Yes
Listing Agency:
Coldwell Banker Investors Realty
Listed By:
Brad Gibbs · License #BK3181054
(352) 726-6668
Source:
Crexi
Added: Mar 26, 2025
Changed: Oct 11
Last Checked: Oct 12 at 9:24PM
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 Coldwell Banker Investors Realty
Investment Insights
Based on property information with market context.
This established pub and tavern includes a 1,000-square-foot interior with a full kitchen, furniture, fixtures, and equipment. The property accommodates 91 total seats, with additional seating on a rear covered patio and along the sidewalk. A beer and wine license is included, and the venue hosts live music on weekends.
A parking lot provides on-site parking. Additional assets include a mobile beverage trailer for events and rentals and a stage trailer for larger gatherings. The existing lease expires 06/30/2025, with the landlord understood to be open to negotiating a new lease with a prospective buyer. The current owner will remain during the handover period.
A parking lot provides on-site parking. Additional assets include a mobile beverage trailer for events and rentals and a stage trailer for larger gatherings. The existing lease expires 06/30/2025, with the landlord understood to be open to negotiating a new lease with a prospective buyer. The current owner will remain during the handover period.
Key Highlights
- 91 total seats plus rear covered patio and sidewalk seating
- 1,000‑square‑foot interior with full kitchen
- Furniture, fixtures, and equipment included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,729
Cap Rate
6.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$314,580
$314.6K
Cap Rate 7%
$224,700
$224.7K
Cap Rate 9%
$174,767
$174.8K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$22.0K $21.96/SF
− Vacancy
−$988 −$0.99/SF
EGI
$21.0K $20.97/SF
− OpEx
−$5.2K −$5.24/SF
NOI
$15.7K $15.73/SF
Area
Citrus County, FL
Vacancy
4.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$314,580
Cap Rate 7%
$224,700
Cap Rate 9%
$174,767
Alternative Uses
Best Use
Specialty Retail
$224.7K
$196.6K – $262.2K
NOI $15,729 @ 7.0% cap · market cap 6.42%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
1,164
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34450, FL
10,788
Population
6,642
Households
1.6
Avg Household Size
59
Median Age
25%
College-Educated
92%
High-School Grad
31.2 sq mi
ZIP Area
346
Density / Sq Mi
$48,955
Median Household Income
$39,409
Median Earnings
$973
Median Rent
$210,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bar & Pub - Pub operation includes a full kitchen, furniture, fixtures, equipment, event trailers, and a beer and wine license.
Where is this bar & pub located?
The property is located at 108 N Pine Avenue Inverness, FL.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: 91 total seats plus rear covered patio and sidewalk seating; 1,000‑square‑foot interior with full kitchen; Furniture, fixtures, and equipment included
