Property summary
This 900-square-foot restaurant space in Sarasota, Florida (zip code 34231), is available for $129,999. The property boasts a fully equipped commercial kitchen, including fryers, a flat top, commercial refrigerator and freezers, ovens, a hood system, and ample stainless steel prep tables and shelving. Other included equipment consists of a char broiler, commercial microwave, triple bay sink, above-ground grease trap, and various smallwares and utensils. The lease, currently at $1600 per month, expires May 31, 2025, with a five-year option available. The seller is offering seller financing and will provide two weeks of training. The space is adaptable to various restaurant concepts and benefits from a low lease rate in a high-growth area. Gross revenue for the previous year was $172,000. While currently lacking indoor seating, the space could easily accommodate four 4-top tables. This presents a unique opportunity for a quick start-up or expansion into the thriving Sarasota market, avoiding the significant costs associated with building a restaurant from scratch. The existing infrastructure, including HVAC and plumbing, significantly reduces initial investment. The seller's relocation necessitates a quick sale, making this a compelling investment opportunity.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
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