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Property profile & analytics
OFF-MARKET
Commercial real estate

8490 8490.0 Micco, FL 32976

1.01 ac lot Built 1920
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Year built 1920
Lot 1.01 ac (43,996 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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