8490 8490.0 Micco, FL 32976

Property Details for 8490 8490.0

Year built

1920

Lot size

1.01 lot acres

Property type

Commercial real estate

Description

This exceptional waterfront commercial property in Micco, Florida, presents a rare opportunity to acquire a thriving, established restaurant and bar. Situated on a 1.01-acre lot directly on US Highway 1, this turnkey operation boasts a 28-seat interior dining area, a fully equipped kitchen, and an expansive outdoor space capable of seating 100 patrons. The property includes a detached boat bar, a stage with lighting, and a brick patio, creating a versatile and inviting atmosphere. The lush grounds feature beautifully maintained gardens, a greenhouse, and a shed for additional storage. Recent upgrades include a new central air conditioning system, a newer septic system, and a new washer and dryer. The property also benefits from two entrances off US Highway 1, providing ample parking in both the front and rear. This well-established business, operating successfully for over 18 years, offers a proven track record with estimated gross profits between $140,000 and $180,000 annually, projected to increase significantly upon the completion of the nearby sewer line, which will allow for expansion to 180 seats. A significant bonus is the included owner's apartment on the second floor, complete with a stunning porch offering panoramic views of the Indian River Lagoon. The sale includes all owned equipment and a current wine and beer license. This is a truly unique opportunity to own a profitable, established business with significant growth potential. The asking price is $55,000.

Location Insight

City

Micco

County

Brevard

State

Florida

Longitude

-80.5126

Latitude

27.877