963 Suncoast Blvd Crystal River, FL 34429
This exceptional opportunity presents a well-established restaurant in Crystal River, Florida, listed at $239,000. The Olive Tree Restaurant, currently operating as a breakfast and lunch eatery, offers approximately 2,688 square feet of leasable space, plus an additional estimated 700 square feet of storage. The sale includes a beer and wine license and substantial inventory, encompassing kitchen equipment, walk-in coolers, and dining furniture. The efficient kitchen and prep area spans nearly 500 square feet, with a separate pantry. The property boasts a prime location on Suncoast Boulevard (US 19), benefiting from high traffic volume (31,000 average daily vehicles) and proximity to the Crystal River airport and Suncoast Parkway. The existing setup provides a solid foundation for continued success, with potential for expansion into dinner service or diversification into additional offerings like a bakery or wine bar within the extra storage space. This turnkey operation presents a unique chance to acquire a thriving business in a desirable location. The property is zoned for commercial use and is situated at 963 Suncoast Boulevard, Crystal River, FL 34429.
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Olive Tree Restaurant Restaurant
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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