237 Fl-71 Wewahitchka, FL 32465
This exceptional turn-key restaurant opportunity is located at 237 Hwy 71 in Wewahitchka, Florida, 32465. The property boasts 4,320 square feet on a 4,320 square foot lot, offering ample space for both dining and operations. Built in 2005, this single-story building features central air and ducted heat, two bathrooms, and convenient parking for 10 vehicles. Currently operating as a Chinese restaurant at 100% occupancy, the sale includes all existing equipment. The property offers a strong pro-forma NOI of $55,500 and a pro-forma cap rate of 8.88%. Annual property taxes are $3,265.01. This is a unique opportunity to acquire both the property and the established business, providing immediate income potential. The prime location right off Lake Alice offers stunning views and high visibility. The asking price is $625,000, representing a price per square foot of $144.68. This is a Class C, single-tenant retail property with significant upside potential. Don't miss this chance to own a thriving restaurant business in a desirable location.
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
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.