23525 State Rd 40 Astor, FL 32102-2907
This exceptional waterfront restaurant opportunity in Astor, Florida, presents a turnkey operation with significant upside. The 3,318 square foot building sits on a spacious 2.44-acre lot, offering ample parking and grassy areas perfect for outdoor events or expansion. The interior boasts 172 seats, including indoor and outdoor seating areas, plus a dedicated party room. The well-equipped kitchen, approximately 800-900 square feet, features walk-in coolers and freezers, multiple fryers, a large flat top, charbroiler, and salamander. Inventory, including approximately $100,000 in food and $30,000 in liquor, is included in the sale. The restaurant benefits from a strong local following, known for its home-style cooking and personal touch, attracting regular clientele, including helicopter arrivals with designated landing space. A metal roof (replaced 4 years ago) and four 5-ton AC units ensure efficient and reliable operation. The property includes a SRX liquor license, allowing for a full bar. The established staff of 32 employees are eager to continue their employment. The restaurant utilizes a Harbor Touch Point of Sale system with multiple entry points for streamlined service. This is a rare opportunity to acquire a thriving, established business with significant potential for growth.
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
Similar Nearby for Lease
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.