213 10th SE St Steinhatchee, FL 32359
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.