Property profile

4799 Hollywood Blvd Hollywood, FL 33021

FOR SALE
Turn key restaurants
Property ID
US18-3303356
4,236 SF 0.12 ac lot Built 1955
Entity Owned 11-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional retail property at 4799 Hollywood Boulevard in Hollywood, Florida, presents a lucrative investment opportunity. The established Rickey's Restaurant & Sports Bar, operating successfully for 50 years, boasts a loyal customer base and consistent annual gross sales exceeding $2.8 million, generating a net profit of over $500,000 plus owner benefits. The business is situated in a prime location that has served as a restaurant for 69 years, ensuring high visibility and foot traffic. The property includes a 4COP Liquor License, a significant asset for continued success. The asking price for the business is $3,500,000. The real estate is also available for purchase separately at $3,000,000, or both can be acquired for $6,500,000. Alternatively, the business can be leased alongside a purchase, with a monthly lease rate of $16,000. Built in 1977, this property offers a unique blend of established success and significant growth potential in a vibrant Florida market. The property is located in Broward County, Florida, zip code 33021. This is a rare chance to acquire a well-established, profitable business with significant real estate value in a high-traffic location. The lot size is not specified.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1955
Construction CONCRETE
Total area 4,236 SF
Lot 0.12 ac (5,332 SF)
Zoning code C-2
APN 51-42-07-06-0940
UPID US18-3303356

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

4799 Hollywood Blvd Hollywood, FL 33021
Hollywood metro Census 91000 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$455k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$455k

Owner & transaction history

since 2015
1 recorded transaction
2015
Price N/A

Zoning & alternative use

C-2 · Hollywood, FL
Zoning description

B. C-2 Low/Medium Intensity Commercial District. 1. Purpose and uses: District Purposes Main Permitted Uses Special Exception Accessory Uses Prohibited Uses This district is intended to provide standards for the sale of…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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