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    OFF-MARKET
    Retail properties & Spaces

    0 Fully Built Turnkey Restaurant Space Perfect For American Or Cuban, Fort Pierce, FL 34950

    1,800 SF Built 2021
    Property ID
    Property summary
    AI-generated overview

    This fully built-out, 1,800-square-foot restaurant in Hobe Sound, Florida, is a turnkey opportunity for discerning entrepreneurs. Built in 2021, the space features a high-end kitchen with a 12-foot hood, a six-burner stove, flat-top grill, two-basket fryer, and a regular grill—perfect for various cuisines, including American and Cuban. The restaurant boasts over 50 seats and a large bar, ready to serve. The asking price is $40,000, and the current lease, expiring June 17, 2024, includes two renewal options at a monthly rate of $3,055. The sale includes a substantial amount of equipment, including multiple refrigerators, freezers, ovens, fryers, a commercial dishwasher, and ample prep tables. The existing business generated $165,000 in gross revenue and benefits from a positive online presence and established customer base. The seller is relocating and offering two weeks of training. The location offers direct beach access, making it ideal for attracting both local and tourist clientele. This presents a unique chance to either expand the existing business or implement a new concept in a prime Hobe Sound location. The space allows for potential expansion, including outdoor seating. Opportunities exist for catering and events, further increasing revenue streams. All necessary licenses and permits are in place for a smooth transition.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 2021
    Total area 1,800 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
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    Permitted uses
    Permitted uses
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