Current Use by Public Records
- Investment properties
Property Details for 8490 Hwy
- Year built
- 1920
- Property type
- Investment properties
Description
This exceptional turn-key cafe and restaurant presents a lucrative investment opportunity in Micco, Florida. Situated on a spacious two-acre tropical lot with dual access to Highway 1, this established business boasts significant upside potential. Currently operating with lunch and dinner service, the restaurant features eight indoor tables and additional porch seating. All equipment is included in the sale price, ensuring a seamless transition for the new owner. The property also includes a substantial backyard with parking for up to 25 vehicles, a productive greenhouse/garden for fresh produce and herbs, and a dedicated compost area. Recent upgrades include a new air conditioning system, a new septic system, and a new washer and dryer. The current lease is highly favorable, and the impending arrival of sewer service promises even greater expansion possibilities. The owner anticipates a significant increase in gross sales, projecting a range of $140,000 to $180,000 annually once the sewer connection allows for an expansion to 180 seats. A significant added benefit is the inclusion of a second-floor owner's apartment within the lease price, offering additional living space or potential rental income. This is a rare opportunity to acquire a thriving business with substantial growth potential, driven by favorable location, existing infrastructure, and the imminent expansion opportunity. The owner is motivated to sell due to other commitments, making this a truly exceptional value.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Micco
- County
- Brevard
- State
- Florida
- Longitude
- -80.5126
- Latitude
- 27.8768
