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    Retail properties & Spaces

    0 Closed Restaurant For Sale Sarasota Fl Mid Demo For Lounge, Sarasota, FL 34231

    3,700 SF
    Property ID
    Property summary
    AI-generated overview

    This 3,700 square foot restaurant space in Sarasota, Florida (zip code 34231), is available for purchase at $199,999. Located in a busy shopping center, this property boasts a fully equipped commercial kitchen, ready for immediate use. The kitchen includes a ten-burner stove with two ovens, a flat top, char broiler, walk-in cooler and freezer, refrigerated display case, fryer, and extensive smallwares. Additional equipment includes a forty-quart mixer, double stackable oven, ice machine, double door freezer, under-counter refrigerated drawers, microwave, three-compartment sink, prep tables, and more. The dining area features booths (requiring reupholstering) and tables, with seating for approximately 120 patrons. The space is currently undergoing mid-construction, offering a unique opportunity for a buyer to implement their own concept and design. The existing infrastructure provides significant cost savings compared to starting from scratch. The lease is month-to-month and expires June 27th. This prime location on a heavily trafficked street presents a strong opportunity for growth within a high-population area. The property is a former restaurant, offering a head start for any culinary entrepreneur. The existing hood system is functional. This is a retail business opportunity.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Total area 3,700 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
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    Zoning & alternative use
    Permitted uses
    Permitted uses
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