Property summary
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
VerifiedCap rate & NOI
Current use
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Restaurant
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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…
Comparables
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C-2 · Hollywood, FLB. 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…
Zoning
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Zoning designation
Official district profile
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…
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