4590 Okeechobee Blvd West Palm Beach, FL 33417
This exceptional Italian restaurant in West Palm Beach, Florida, presents a lucrative investment opportunity. Located at 4590 Okeechobee Blvd, in Palm Beach County, zip code 33417, this thriving business boasts a substantial annual net operating income (NOI) of $400,000. The asking price is $1,900,000 for this 6,000 square foot establishment, which includes a spacious 4,500 square foot interior and a 1,500 square foot patio, accommodating over 200 patrons. The sale includes all fixtures, furniture, and equipment (FF&E), ensuring a seamless transition for the new owner. Comprehensive training is provided, making this a truly turnkey operation. A significant advantage is the inclusion of a full 4COP liquor license. The current lease has a remaining term of 10 years, offering long-term stability and security. Two lease options, with terms of 5 years each, are also available. This is an exceptional opportunity to acquire a well-established, high-performing restaurant with significant earning potential and a prime location in a vibrant Florida market. The business is categorized as "Business Only" and is suitable for business-minded investors seeking a profitable and established venture. The restaurant's success is evident in the owner's compensation exceeding $400,000 annually.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
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