Property profile

31251 Avenue A Big Pine Key, FL 33043

OFF-MARKET
Hospitality properties
2,450 SF Built 2001
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Property summary

AI-generated overview

This thriving restaurant and bar, the Jolly Mon Pub & Grill, is a fantastic opportunity in Big Pine Key, Florida. Located at 31251 Ave A, 33043, this 2,450 square foot, single-story Class B building boasts a prime location with excellent visibility. Built in 2001, the property sits on a large 25,000 square foot lot offering ample parking. The leasehold includes all furniture, fixtures, and equipment, along with an agreed-upon inventory. The current lease, with a base rent and sales tax totaling $7,310 per month, has a three-year term with a three-year option, and the landlord may be open to negotiating a longer-term lease. The business holds an SRX liquor license, allowing for full liquor service. With indoor and outdoor patio seating, this establishment presents a unique opportunity to serve breakfast, lunch, and dinner in a market with limited competition. Valued employees are willing to remain with the new owner, ensuring a smooth transition. The sale price is $225,000, with the business name transfer negotiable. The property is zoned SC - Sub Urban Commercial District.

Property profile

Verified
Property type Hospitality properties
Year built 2001
Total area 2,450 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Atm
  • Restaurant

Location

31251 Avenue A Big Pine Key, FL 33043
Big Pine Key metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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