Bar and Pub Property with Outdoor
For Sale
$400,000
2451 SE Highway 41, Morriston, FL 32668
Vacant former saloon with indoor and outdoor bar areas, a stage, game room, mobile home, and supporting outbuildings.
Property Size2,320 SF
Price / SF$172.41
Days on Market52
Property Features for 2451 SE Highway 41
General Information
Standard status
Active
Size
2,320 SF
Building Details
Year Built
1960
Listing Agency:
RE/MAX ALLSTARS REALTY
Listed By:
Peggy Pittas · License #0695605
(352) 732-0591
Source:
Livewelltampabay
Added: Sep 11
Changed: Oct 25
Last Checked: Oct 7 at 4:23PM
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 RE/MAX ALLSTARS REALTY
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Investment Insights
Based on property information with market context.
This vacant bar and pub property includes a former saloon building with an indoor bar, live entertainment stage, game and pool area, seating zones, drink cooler, and kitchenette. Additional improvements include a covered outdoor bar, walk-in coolers, a second covered stage with electrical service, storage buildings, laundry facilities, a large pole barn, and three RV sites. A four-bedroom, two-bath mobile home is also included and requires substantial work.
The property encompasses 2.5 acres with 650 feet of frontage along Highway 41. It is located 24 minutes from the World Equestrian Center, 15 minutes from HITS, and 10 minutes from Williston. The building dates to 1960, and the property is currently vacant.
The property encompasses 2.5 acres with 650 feet of frontage along Highway 41. It is located 24 minutes from the World Equestrian Center, 15 minutes from HITS, and 10 minutes from Williston. The building dates to 1960, and the property is currently vacant.
Key Highlights
- 2.5‑acre property with 650 feet of frontage along Highway 41
- Former saloon building with indoor bar, stage, game room, pool area, and kitchenette
- Covered outdoor bar, walk‑in coolers, and second covered stage with electrical service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,624
Cap Rate
6.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$552,480
$552.5K
Cap Rate 7%
$394,629
$394.6K
Cap Rate 9%
$306,933
$306.9K
Market Conditions
NOI Build-Up for 2,320 SF
Gross rent
$39.0K $16.80/SF
− Vacancy
−$2.1K −$0.92/SF
EGI
$36.8K $15.88/SF
− OpEx
−$9.2K −$3.97/SF
NOI
$27.6K $11.91/SF
Area
Levy County, FL
Vacancy
5.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$552,480
Cap Rate 7%
$394,629
Cap Rate 9%
$306,933
Alternative Uses
Best Use
Specialty Retail
$394.6K
$345.3K – $460.4K
NOI $27,624 @ 7.0% cap · market cap 6.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$574.6K
$502.8K – $670.4K
NOI $40,223 @ 7.0% cap · market cap 10.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 32668, FL
5,548
Population
2,440
Households
2.3
Avg Household Size
52
Median Age
15%
College-Educated
86%
High-School Grad
135.3 sq mi
ZIP Area
41
Density / Sq Mi
$55,028
Median Household Income
$37,632
Median Earnings
$629
Median Rent
$209,000
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Sunray Saloon Inc — 2451 US-41, Morriston, FL 32668
Frequently Asked Questions
What type of property is this?
Bar & Pub - Vacant former saloon with indoor and outdoor bar areas, a stage, game room, mobile home, and supporting outbuildings.
Where is this bar & pub located?
The property is located at 2451 SE Highway 41 Morriston, FL.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 2.5‑acre property with 650 feet of frontage along Highway 41; Former saloon building with indoor bar, stage, game room, pool area, and kitchenette; Covered outdoor bar, walk‑in coolers, and second covered stage with electrical service
