Current Use by Public Records
- Retail properties & Spaces
Property Details for 237 Fl-71
- Year built
- 2005
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
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.
Value Estimations
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wewahitchka
- County
- Gulf
- State
- Florida
- Longitude
- -85.1998
- Latitude
- 30.1154
