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Property profile & analytics
OFF-MARKET
Turn key restaurants

24646 State Rd 40 Astor, FL 32102-3140

1,289 SF 0.66 ac lot Built 1972
Individually Owned 17-yr Hold ~ Est. High Equity
Property ID
US18-9339432
Property summary
AI-generated overview

This exceptional turn-key restaurant opportunity is located on State Road 40 in Astor, Florida. The 1,592 square foot building sits on a 0.66-acre lot, offering ample parking and an additional storage building. The interior comfortably seats 52 guests, with an enclosed patio capable of seating an additional 24. Strategically positioned midway between Interstate 75 and Interstate 95, this high-traffic location enjoys easy access for both locals and tourists, just a 30-minute drive from both the beaches and Ocala. Currently operating six days a week (closed Tuesdays) from 6 AM to 9 PM, the restaurant caters to a broad range of customers. The sale includes the property, building, and established business, complete with essential equipment such as a dishwasher, ice machine, grills, and a pizza oven. This is a rare chance to acquire a well-established restaurant in a desirable location with significant growth potential. The property's proximity to the scenic St. Johns River adds to its appeal. This is a ready-to-operate business, perfect for an experienced restaurateur or a savvy investor seeking a high-return opportunity in a thriving community. The asking price is $900,000.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1972
Construction CONCRETE
Total area 1,289 SF
Lot 0.66 ac (28,782 SF)
APN 30-15-28-0100-003-00100
UPID US18-9339432
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
by Request
Blend (final) Blend
by Request
Owner & transaction history
Robert D Sparks · 17 yrs held
Robert D Sparks
since 2008
3 recorded transactions
2008
$230,000
2003
$225,000
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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