Property profile

000 In Sales! Sarasota, FL 34231

OFF-MARKET
Retail properties & Spaces
1,200 SF Built 2022
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Property summary

AI-generated overview

This thriving Sarasota pizza restaurant, established in 2022, is offered for sale at $149,999. Boasting 1,200 square feet of leased space with a lease expiring April 30, 2026, with options to negotiate beyond that date, this business generated $268,739 in sales last year and is projected to exceed $400,000 in 2024. The low monthly rent of $1,491 makes this a financially attractive opportunity. The sale includes a comprehensive array of equipment: a hood system, flat top grill, deck pizza oven, walk-in cooler, reach-in freezer, Hobart dough mixer, prep tables, and more. The restaurant features six indoor seats and benefits from a strong community presence and established relationships with Siesta Key for takeout orders. While seller financing is unavailable, unsecured lending options exist for qualified buyers. The sale does not include inventory. Four employees currently support operations, and one week of owner training is provided. The restaurant's success is further enhanced by its location within a desirable area with high-end residential neighborhoods, retail establishments, and offices. This turnkey operation presents a unique chance to acquire a profitable business with significant growth potential by expanding operating hours. The current owners are selling for reasons unrelated to the business's performance.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2022
Total area 1,200 SF

Cap rate & NOI

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

Location

000 In Sales! Sarasota, FL 34231
Sarasota 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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