Property profile

3047 Johnson St Hollywood, FL 33021

OFF-MARKET
Retail properties & Spaces
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Property summary

AI-generated overview

This turnkey restaurant opportunity in Hollywood, Florida, is priced at $60,000. Located at 3047 Johnson St, 33021, this Broward County establishment boasts a recent, comprehensive remodel. Improvements include a new grease trap, a completely updated kitchen with new equipment, new flooring, and a renovated bathroom. The current monthly rent is $3,899. All necessary permits and licenses are current, ensuring a smooth transition for the new owner. The existing concept is a vegan/healthy restaurant, but the space is adaptable. Should a buyer wish to implement a different culinary concept, pre-approved plans for a new hood system are in place, simplifying the transition. Alternatively, the current successful business model can be continued. The seller is motivated due to time constraints, having invested significant capital in creating this unique restaurant. This presents a compelling opportunity for a new owner to step into a well-established and updated space. The business may also qualify for an E2 Foreign Investor Visa, opening doors for international investors. This is a rare chance to acquire a fully operational restaurant with minimal upfront investment in renovations.

Property profile

Verified
Property type Retail properties & Spaces

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Insurance Agency
  • Restaurant
  • Restaurant
  • Specialty Food Shop (Bike/Boat/Book/etc) Store

Location

3047 Johnson St Hollywood, FL 33021
Hollywood metro
Google Maps

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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