Pizza Restaurant Condo
For Sale
$149,000
14389 E HIGHWAY 40, Silver Springs, FL 34488
Commercial Sale, SILVER SPRINGS, FL
Property Size968 SF
Lot Size0.02 Acres
Price / SF$153.93
Days on Market12
Property Features for 14389 E HIGHWAY 40
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B4
Subdivision
LYNN PLAZA CONDO
Directions
Dominoes Pizza, 15990 FL-40 Ste 10, Silver Springs, FL 32179 Exit the parking lot toward FL-40 335 ft Turn left onto FL-40 10.9 mi Turn left onto NE 29th Pl Destination will be on the left 246 ft
Standard status
Active
APN
32042-005-00
Size
968 SF
Lot size
0.02 Acres
Additional Details
Business Included
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
SEC 09 TWP 15 RGE 24 LYNN PLAZA CONDOMINIUM DECLARATION OF CONDOMINIUM RECORDED IN OR 1418 PAGE 898 UNIT 5
Tax Annual Amount
949
Legal Description
SEC 09 TWP 15 RGE 24 LYNN PLAZA CONDOMINIUM DECLARATION OF CONDOMINIUM RECORDED IN OR 1418 PAGE 898 UNIT 5
Utilities
Cooling system
Window Unit(s), Wall/Window Unit(s)
Building Details
Year built
1978
Floors in Building
1
Building materials
Cement Siding, Concrete
Listing Agency:
LPT REALTY, LLC
(877) 366-2213
Listed By:
Raquel Uribe · License #SL3508039
(352) 209-2344
Added: Oct 26
Changed: Nov 6
Last Checked: Nov 6 at 9:06AM
MLS# G5119515
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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.
A 968-square-foot restaurant condo in a retail strip center is offered with an established pizza business and restaurant equipment. The business serves delivery and carry-out orders, and the sale includes permission to use its existing name. Built in 1978, the unit has cement siding and concrete construction, with window and wall/window air-conditioning units.
The property is at 14389 E Highway 40 in Silver Springs, Florida, and is zoned B4. The remarks identify its road frontage location as State Road 40 and note proximity to Silver Springs State Park, 10 miles to the west.
The property is at 14389 E Highway 40 in Silver Springs, Florida, and is zoned B4. The remarks identify its road frontage location as State Road 40 and note proximity to Silver Springs State Park, 10 miles to the west.
Key Highlights
- 968‑square‑foot restaurant condo unit
- Established pizza business and equipment included
- Sale includes permission to use the business name
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,728
Cap Rate
7.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$234,560
$234.6K
Cap Rate 7%
$167,543
$167.5K
Cap Rate 9%
$130,311
$130.3K
Market Conditions
NOI Build-Up for 968 SF
Gross rent
$16.5K $17.04/SF
− Vacancy
−$858 −$0.89/SF
EGI
$15.6K $16.15/SF
− OpEx
−$3.9K −$4.04/SF
NOI
$11.7K $12.12/SF
Area
Marion County, FL
Vacancy
5.20%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$234,560
Cap Rate 7%
$167,543
Cap Rate 9%
$130,311
Alternative Uses
Best Use
Specialty Retail
$167.5K
$146.6K – $195.5K
NOI $11,728 @ 7.0% cap · market cap 7.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$528.6K
$462.5K – $616.7K
NOI $37,002 @ 7.0% cap · market cap 24.83%
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
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
52
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34488, FL
11,392
Population
6,816
Households
1.7
Avg Household Size
52
Median Age
19%
College-Educated
87%
High-School Grad
85.6 sq mi
ZIP Area
133
Density / Sq Mi
$45,239
Median Household Income
$29,074
Median Earnings
$1,098
Median Rent
$75,300
Median Home Value
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?
Conventional restaurant - The sale includes an equipped carry-out and delivery operation with permission to use its established business name.
Where is this conventional restaurant located?
The property is located at 14389 E HIGHWAY 40 Silver Springs, FL.
What is the asking price?
The asking price for this property is $149,000.
What are key features of this property?
This property features: 968‑square‑foot restaurant condo unit; Established pizza business and equipment included; Sale includes permission to use the business name
