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OFF-MARKET
Retail properties & Spaces

0 Italian Restaurant For Sale Doing Over $1.2 Million With $186K Earnings Port St. Lucie, FL 34986

2,962 SF Built 2019
Property ID
Property summary
AI-generated overview

This established Italian restaurant in Port St. Lucie, Florida, presents a remarkable opportunity for a new owner. Boasting over $1.2 million in annual sales and generating over $186,000 in owner benefit, this turnkey operation is housed in a 2,962 square foot space built in 2019. The current lease expires July 31, 2029, with options for two additional five-year terms, providing long-term stability. The restaurant is fully equipped with a comprehensive kitchen featuring a double pizza oven, salamander, over 15 feet of hood space, a bar setup with taps, walk-in cooler, fryers, grill station, multiple burners, ample smallwares, and refrigerated sandwich tables. With seating for over 100 patrons, including outdoor seating, the restaurant enjoys a well-established reputation and loyal customer base. The current owner is selling to focus on other ventures and is willing to provide some financing to a qualified buyer. The restaurant employs 20 staff members and currently pays a monthly lease rate of $10,000. This is a rare chance to acquire a profitable, well-regarded restaurant with significant growth potential. The menu features a wide array of Italian favorites, from pizza and pasta to chicken dishes and delectable desserts. A hands-on owner could further enhance profitability. This is a truly exceptional opportunity in a prime location.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2019
Total area 2,962 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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