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OFF-MARKET
Retail properties & Spaces

000- All Offers Entertained- Florida Restaurant For Sale! Tallahassee, FL 32304

3,000 SF
Property ID
Property summary
AI-generated overview

This exceptional restaurant opportunity in Tallahassee, Florida, is priced to sell at just $59,000. Located on a desirable street near Florida State University, this 3,000 square foot space boasts a proven track record, generating $1,400,000 in sales last year. The current lease has five years remaining, expiring May 31, 2026, with a monthly rent of $8,264 inclusive of CAM charges for water and trash. The property offers both indoor and outdoor seating, catering to diverse dining preferences. The fully equipped, high-end commercial kitchen is a chef's dream, featuring a 24-foot exhaust hood, a 12-foot wok station, six prep line coolers, an oversized walk-in cooler and freezer, and much more. Additional equipment includes two double fryers, a six-foot flat grill with two stove burners, four rice cookers, a True beverage cooler, an NCR POS system with three terminals and printers, and extensive stainless steel prep and storage areas. The seating capacity includes 60 indoor seats, plus outdoor tables and chairs. This turnkey operation is ready for a new concept, offering endless possibilities for any type of cuisine in a high-traffic area with a large student population. The business previously employed 20 people. This is a rare opportunity to acquire an established business in a prime location for a fraction of the cost of a new build-out.

Property profile
Verified
Property type Retail properties & Spaces
Total area 3,000 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
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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