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Property profile & analytics
OFF-MARKET Estimated value $515,000
Turn key restaurants

23525 State Rd 40 Astor, FL 32102-2907

2,844 SF 2.44 ac lot Built 1987
Entity Owned 6-yr Hold Free & Clear
Property ID
US18-7869647
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1987
Construction WOOD FRAME
Total area 2,844 SF
Lot 2.44 ac (106,286 SF)
APN 07-15-27-0100-000-02501
UPID US18-7869647
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
by Request
Comparable Approach Comparable
$514k
Blend (final) Blend
$515k
Owner & transaction history
Hcrc Bar & Restaurant LLC · 6 yrs held
Hcrc Bar & Restaurant LLC
since 2019
7 recorded transactions
2019
$147,100
2018
$450,000
2016
Price N/A
2015
$165,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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