4590 Okeechobee Blvd West Palm Beach, FL 33417

Property Details for 4590 Okeechobee Blvd

Property size

6,000 SF

Property type

Commercial real estate

Description

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.