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OFF-MARKET
Retail properties & Spaces

0 Mexican Restaurant For Sale Sarasota Fl Or Bring Your Own Concept Sarasota, FL 34236

2,000 SF Built 2015
Property ID
Property summary
AI-generated overview

This 2,000 square-foot restaurant in Sarasota, Florida, is available for $150,000. Built in 2015, it boasts a prime corner location at a stoplight, ensuring high visibility and foot traffic. The lease runs until June 29, 2028, with a monthly rate of $4,276. The restaurant features a large kitchen with extensive equipment, including a 12-foot hood system, four-burner stove with oven, flat top, fryer, multiple refrigerators and freezers, a dishwasher, and ample prep space. Indoor seating accommodates 50 guests. The current setup is a Mexican restaurant, generating $276,174 in gross revenue and $12,612 in cash flow last year. However, the space is easily adaptable to any concept, offering a unique opportunity for a new owner to implement their own vision without the expense of a build-out. The sale includes all existing equipment, furniture, and fixtures. The seller will provide fourteen days of training at no additional cost. Six employees currently work at the establishment. Inventory is not included in the asking price, and seller financing is not available. This is a fantastic opportunity to acquire a well-established restaurant in a thriving Sarasota location.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2015
Total area 2,000 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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