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Property profile & analytics
OFF-MARKET
Turn key restaurants

213 10th SE St Steinhatchee, FL 32359

1,676 SF 0.42 ac lot Built 1930
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US18-2130822
Property summary
AI-generated overview

McDavid's Cafe, a well-established Steinhatchee restaurant, is available for purchase. This turnkey operation boasts a loyal customer base, consistently high online reviews, and significant income potential. Currently serving breakfast and lunch, the restaurant comfortably seats 45 indoors, with ample outdoor space accommodating an additional 90+ patrons. The sale includes all equipment and inventory, minimizing disruption for the new owner. Opportunities abound to expand the business, such as adding a dinner menu, fully utilizing the outdoor seating area, or implementing new business strategies to capitalize on the busy scallop season and maintain consistent clientele year-round. The 1,676 square foot building sits on a 0.42-acre lot and benefits from all community utilities, including two RV hookups in the rear. Recent upgrades include a new HVAC system and fire suppression system, ensuring smooth operation. The asking price of $395,000 reflects a compelling opportunity in the thriving Steinhatchee market. This is a rare chance to acquire a profitable, established business with significant growth potential in a desirable location.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1930
Construction WOOD
Total area 1,676 SF
Lot 0.42 ac (18,295 SF)
APN 25-09-09-09841-000
UPID US18-2130822
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
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Mcdavids Cafe INC · 6 yrs held
Mcdavids Cafe INC
since 2020
Last sale
$175,000
6 recorded transactions
2020
Price N/A
2020
$175,000
2017
$149,000
2004
$160,000
1998
$90,000
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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