Turnkey Restaurant with Beer
For Sale
Contact for pricing
Pending
5939 Hollywood Blvd, Hollywood, FL 33021
Turnkey restaurant offering 24 seats and fully working equipment, with active county and beer and wine licenses.
Property Size1,372 SF
Days on Market2986
Property Features for 5939 Hollywood Blvd
General Information
Standard status
Pending
Size
1,372 SF
Property subtype
Business Opportunities
Site & Location
Neighborhood
Hollywood Gardens West
Additional Details
Furnished
Yes
Taxes and HOA fees
Annual Taxes
$11,718
Amenities
3
7 Parking Spaces.
Building Details
Year Built
1964
Listing Agency:
Florida Realty of Miami Corp
(305) 598-5488
Listed By:
Irma Garcia
(786) 338-3957
Source:
Xome
Added: Aug 26, 2018
Changed: Aug 8
Last Checked: Oct 7 at 1:18PM
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 Florida Realty of Miami Corp
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Investment Insights
Based on property information with market context.
This conventional restaurant is offered as a turnkey operation with 100% working equipment. The space is licensed with all required county documentation, including a beer and wine license. Seating is set for 24 guests, and the business is currently noted as open seven days.
The property is located at 5939 Hollywood Blvd in Hollywood, FL 33021. The listing remarks indicate an established clientele and that the owner is motivated to rent.
The offering includes the operating equipment and stated licensing, supporting straightforward continuation for a qualified buyer or tenant.
The property is located at 5939 Hollywood Blvd in Hollywood, FL 33021. The listing remarks indicate an established clientele and that the owner is motivated to rent.
The offering includes the operating equipment and stated licensing, supporting straightforward continuation for a qualified buyer or tenant.
Key Highlights
- Restaurant setup with 24 seats
- All equipment included and reported 100% working
- Active county license plus beer and wine license
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,819
Suggested Prices Based on Cap Rates
Cap Rate 5%
$436,380
$436.4K
Cap Rate 7%
$311,700
$311.7K
Cap Rate 9%
$242,433
$242.4K
Market Conditions
NOI Build-Up for 1,372 SF
Gross rent
$31.3K $22.80/SF
− Vacancy
−$2.2K −$1.60/SF
EGI
$29.1K $21.20/SF
− OpEx
−$7.3K −$5.30/SF
NOI
$21.8K $15.90/SF
Area
Hollywood, FL
Vacancy
7.00%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$436,380
Cap Rate 7%
$311,700
Cap Rate 9%
$242,433
Alternative Uses
Best Use
Specialty Retail
$311.7K
$272.7K – $363.7K
NOI $21,819 @ 7.0% cap · market cap 436.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$536.7K
$469.6K – $626.2K
NOI $37,571 @ 7.0% cap · market cap 751.42%
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
1,512
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33021, FL
50,091
Population
21,930
Households
2.3
Avg Household Size
43
Median Age
38%
College-Educated
91%
High-School Grad
8.8 sq mi
ZIP Area
5,692
Density / Sq Mi
$69,249
Median Household Income
$41,390
Median Earnings
$1,707
Median Rent
$395,800
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Turnkey restaurant offering 24 seats and fully working equipment, with active county and beer and wine licenses.
Where is this conventional restaurant located?
The property is located at 5939 Hollywood Blvd Hollywood, FL.
What are key features of this property?
This property features: Restaurant setup with 24 seats; All equipment included and reported 100% working; Active county license plus beer and wine license
