Property profile

0 Alexandra Dr/ Bethany Dr Belvidere, IL 61008

OFF-MARKET
Office Spaces
0.89 ac lot
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Property summary

AI-generated overview

This exceptional 2,649-square-foot restaurant in Ft. Pierce, FL, presents a remarkable turnkey opportunity. Formerly home to the renowned Granny's Kitchen and Lenzi's Diner, this established eatery boasts a rich history and loyal clientele. Completely renovated in 2008 and again in 2022, the building comfortably seats approximately 99 patrons. The property features a built-up metal roof and a leased security system. Utilities include electric, natural gas, municipal water, and public sewer, with a 201+ amp service. The sale includes existing equipment and fixtures. The property is zoned GC and sits on a 0 sq ft lot, with a St. Lucie County APN of 241060100260008. The building is a free-standing structure, currently operating as a single-tenant restaurant. Annual rent is $40,560 per month. An adjacent 600-square-foot space (currently leased) offers potential for expansion, ideal for a coffee shop or similar complementary business. This landmark location is perfect for a variety of culinary concepts, offering a ready-made space for immediate operation. The property is city jurisdiction and corporate owned. Two half baths are included. The minimum divisible square footage is approximately 2,704.

Property profile

Verified
Property type Office Spaces
Lot 0.89 ac (38,768 SF)

Cap rate & NOI

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

Location

Alexandra Dr/ Bethany Dr Belvidere, IL 61008
Belvidere metro
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Value estimations

Realmo proprietary · 4 methods
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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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