Current Use by Public Records
- Retail properties & Spaces
Property Details for 910 Wells Rd
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This profitable, turnkey restaurant business is located in the popular Orange Park Mall, a high-traffic shopping destination in Orange Park, Florida, receiving over 3.8 million visits annually. The business, Karam's Gourmet, offers a fully equipped kitchen with all necessary equipment for a smooth transition, including a Clover POS system, commercial-grade cooking appliances, refrigeration, ample storage, and smallwares. Inventory valued at over $25,000 is included. The sale includes established recipes for savory Mediterranean cuisine and a loyal customer base. The restaurant benefits from its location within the mall, providing high visibility and consistent foot traffic. The Orange Park Mall is situated at a busy intersection, easily accessible from I-295, and serves a diverse population with moderate to high median household income. The area boasts a strong economy, with proximity to major employers including three Fortune 500 companies and a large naval air station. A new Amazon distribution center further enhances the area's job market and economic growth. This presents a unique opportunity for experienced restaurant operators or new ventures seeking a strong foundation for success. The asking price is $62,500, with a 43% cap rate. The seller will provide on-site training to ensure a seamless transition.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Orange Park
- County
- Clay
- State
- Florida
- Longitude
- -81.7072
- Latitude
- 30.1895
