Brandon Boulevard Restaurant
For Sale
$2,350,000
704 E BRANDON, Brandon, FL 33511
Restaurant on 1.1 acres in the heart of Brandon.
Property Size4,890 SF
Lot Size1.16 Acres
Price / SF$434.46
Days on Market216
Property Features for 704 E BRANDON
General Information
Standard status
Active
Size
4,890 SF
Lot size
1.16 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$23,090
Building Details
Building Size
4,890 SF
Year Built
1980
Listing Agency:
RE/MAX REALTY UNLIMITED
Listed By:
Michael Ginty · License #653815
(813) 684-0016
Source:
Elliman
Added: Mar 11
Changed: Oct 3
Last Checked: Oct 11 at 7:18AM
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 REALTY UNLIMITED
Investment Insights
Based on property information with market context.
This property is a casual dining restaurant located on Brandon Boulevard (Highway 60) in Brandon. The property measures over 1.1 acres. The restaurant is available with some owned furniture, fixtures, and equipment. According to public records, the building's gross square footage is 5,409, and the heated square footage is 4,890. It features a large asphalt parking lot with easy access. The location is directly across the street from Nativity Catholic Church’s campus on Highway 60. The current common owner shares a parking lot with the property to the east (Sabor A Mexico) and has direct access via Ridgewood Ave. and a lighted intersection at Ridgewood and Highway 60. The restaurant currently has seating for approximately 172 patrons. The property is currently leased on a month-to-month basis. The property will only be conveyed with the property located at 706 East Brandon Boulevard; the properties are not available separately. The asking price includes both properties.
Key Highlights
- Prime location on Brandon Boulevard (Highway 60) with high visibility and traffic.
- Large 1.1+ acre lot in the heart of Brandon.
- Includes existing restaurant with furniture, fixtures, and equipment.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,707
Cap Rate
3.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,794,140
$1.8M
Cap Rate 7%
$1,281,529
$1.3M
Cap Rate 9%
$996,744
$996.7K
Market Conditions
NOI Build-Up for 5,409 SF
Gross rent
$126.6K $23.40/SF
− Vacancy
−$7.0K −$1.29/SF
EGI
$119.6K $22.11/SF
− OpEx
−$29.9K −$5.53/SF
NOI
$89.7K $16.58/SF
Area
Brandon, FL
Vacancy
5.50%
Lease Rate
$23.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,794,140
Cap Rate 7%
$1,281,529
Cap Rate 9%
$996,744
Alternative Uses
Best Use
Specialty Retail
$1.28M
$1.12M – $1.50M
NOI $89,707 @ 7.0% cap · market cap 3.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.03M
$1.78M – $2.37M
NOI $142,434 @ 7.0% cap · market cap 6.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,514
Businesses Nearby
335k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 34%
Dining 31%
Apparel 17%
Groceries 13%
Burlington
Apparel
55,949 visits/mo
0.4 miles
Publix
Groceries
43,819 visits/mo
0.3 miles
McDonald's
Dining
31,800 visits/mo
0.2 miles
7-Eleven
Shops & Services
19,557 visits/mo
0.1 miles
Wendy's
Dining
16,917 visits/mo
0.3 miles
Demographics for 33511, FL
56,627
Population
24,579
Households
2.3
Avg Household Size
38
Median Age
35%
College-Educated
91%
High-School Grad
16.0 sq mi
ZIP Area
3,539
Density / Sq Mi
$77,383
Median Household Income
$44,521
Median Earnings
$1,684
Median Rent
$324,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Umi Sushi & Seafood Buffet -Brandon FL — 1528 W Brandon Blvd, Brandon, FL 33510
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant on 1.1 acres in the heart of Brandon.
Where is this conventional restaurant located?
The property is located at 704 E BRANDON Brandon, FL.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: Prime location on Brandon Boulevard (Highway 60) with high visibility and traffic.; Large 1.1+ acre lot in the heart of Brandon.; Includes existing restaurant with furniture, fixtures, and equipment.
