0 Closed Restaurant For Sale Sarasota Fl Mid Demo For Lounge, Sarasota, FL 34231
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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