Property profile

0 Closed Restaurant For Sale In Sarasota Fl With Hood Bring Your Own Concept Sarasota, FL 34231

OFF-MARKET
Retail properties & Spaces
900 SF
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Property summary

AI-generated overview

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

Verified
Property type Retail properties & Spaces
Total area 900 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Closed Restaurant For Sale In Sarasota Fl With Hood Bring Your Own Concept Sarasota, FL 34231
Sarasota metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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