West Palm Beach, FL 33403
- Retail properties
- 3,600 SF
- 0.54 lot acres
Current Use by Public Records
- Retail properties
Property Details
- Year built
- 1978
- Lot size
- 0.54 lot acres
- Property size
- 3,600 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional turnkey opportunity presents a flourishing sports bar and grill, ideally situated on a major Palm Beach County highway at 9477 FL A1A Alt in Lake Park, FL 33403. The 3,600 square foot, single-story building sits on a 0.541-acre lot and boasts 55 parking spaces, ensuring ample room for patrons. Built in 1978 and renovated in 2019, this Class A property is zoned CG—GENERAL COMMERCIAL (00-UNINCORPORATED) and offers a spacious, air-conditioned interior capable of accommodating over 150 guests. The business itself is a well-established neighborhood favorite, enjoying impressive annual gross sales of $2,400,000 in 2023, with projections nearing $3,000,000 for 2024. This turnkey operation includes vital existing staff, maintaining a clean and inviting atmosphere with classic sports-themed décor. The property's strategic location near a high-traffic intersection on Northlake Blvd and A1A, experiencing approximately 65,000 vehicles daily, ensures exceptional visibility and accessibility. The surrounding area boasts a robust demographic profile, with over 114,000 residents within a 3-mile radius and an average annual household income exceeding $73,700 within a 1-mile radius. This presents a unique investment opportunity, combining a profitable, established business with a valuable piece of real estate in a prime location. The asking price is $2,800,000. The property alone is valued at $2,000,000+, with the business valued at an additional $750,000 based on owner's net EBITDA.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- West Palm Beach
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.0798
- Latitude
- 26.8147
