Turnkey Bar on Commercial
For Sale
$699,000
5025 Treiman Boulevard, Dade City, FL 33523
Established bar with land for sale in Hernando County.
Property Size2,060 SF
Lot Size1.80 Acres
Price / SF$339.32
Days on Market180
Property Features for 5025 Treiman Boulevard
General Information
Standard status
Active
Size
2,060 SF
Lot size
1.80 Acres
Building Details
Year Built
1960
Listing Agency:
ELITE BROKERS, LLC
Listed By:
Greg DeLaRue
(813) 312-3063
Source:
Chenoregroup
Added: Apr 28
Changed: Oct 12
Last Checked: Oct 7 at 3:49PM
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 ELITE BROKERS, LLC
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Investment Insights
Based on property information with market context.
Located in Ridge Manor, Hernando County, this property features a concrete block building constructed in 1960 on a slab foundation. The interior includes male and female bathrooms, a large office space with a closet and bathroom, a walk-in cooler, and storage space. The sale includes three adjacent lots, totaling 1.80 acres of commercially zoned land. The bar operates as a turnkey business with an established clientele. Currently, the bar operates under a beer and wine package license; obtaining a license to sell spirits is believed to have the potential to increase revenue. The roof and HVAC system are approximately 10 years old. The location has a bike score of 26, indicating it is somewhat bikeable, and a walk score of 5, indicating car dependence.
Key Highlights
- Turnkey bar operation with established clientele.
- Commercially zoned 1.80 acre property consisting of four lots.
- Includes a large office space with closet and bathroom.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,897
Cap Rate
3.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$457,940
$457.9K
Cap Rate 7%
$327,100
$327.1K
Cap Rate 9%
$254,411
$254.4K
Market Conditions
NOI Build-Up for 2,060 SF
Gross rent
$32.1K $15.60/SF
− Vacancy
−$1.6K −$0.78/SF
EGI
$30.5K $14.82/SF
− OpEx
−$7.6K −$3.70/SF
NOI
$22.9K $11.11/SF
Area
Pasco County, FL
Vacancy
5.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$457,940
Cap Rate 7%
$327,100
Cap Rate 9%
$254,411
Alternative Uses
Best Use
Specialty Retail
$327.1K
$286.2K – $381.6K
NOI $22,897 @ 7.0% cap · market cap 3.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$469.3K
$410.6K – $547.5K
NOI $32,848 @ 7.0% cap · market cap 4.70%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
90
Businesses Nearby
31k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Circle K
Shops & Services
25,416 visits/mo
0.4 miles
Dollar General
Shops & Services
5,340 visits/mo
0.3 miles
Demographics for 33523, FL
18,540
Population
8,132
Households
2.3
Avg Household Size
42
Median Age
21%
College-Educated
83%
High-School Grad
105.4 sq mi
ZIP Area
176
Density / Sq Mi
$60,897
Median Household Income
$35,283
Median Earnings
$1,020
Median Rent
$231,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- millers lighthouse lounge — 5034Mockingbird Dr, Ridge Manor, FL 33523
- Miller's Lighthouse Lounge, Inc — 5025 Treiman Blvd, Ridge Manor, FL 33523
Frequently Asked Questions
What type of property is this?
Bar & Pub - Established bar with land for sale in Hernando County.
Where is this bar & pub located?
The property is located at 5025 Treiman Boulevard Dade City, FL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Turnkey bar operation with established clientele.; Commercially zoned 1.80 acre property consisting of four lots.; Includes a large office space with closet and bathroom.
