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Property profile & analytics
OFF-MARKET Estimated value $525,000
Turn key restaurants

508 State St Bunnell, FL 32110-6097

1,902 SF 0.45 ac lot Built 1978
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US18-4655244
Property summary
AI-generated overview

This exceptional turn-key business opportunity is located at 508 N State St, Bunnell, FL, offering high visibility and significant traffic flow due to its prime location on US1. The 0.45-acre property includes a well-established restaurant currently operating with excellent customer reviews and a loyal clientele. The building is in excellent condition, having undergone recent improvements by the current owner. The sale includes the business, building, land, equipment, and the current menu, providing a seamless transition for a new owner. The restaurant boasts a seating capacity for 60 diners, two public restrooms, and ample parking for 15 vehicles. A unique feature is an on-site smokehouse, presenting the potential for expansion into barbecue cuisine. The seller is offering a one-month training period and the services of their chef for two to three months, ensuring a smooth operational handover. This is a rare opportunity to acquire a profitable, established business with significant growth potential in a high-traffic location. The asking price is $580,000.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1978
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,902 SF
Lot 0.45 ac (19,646 SF)
Zoning code B-1
APN 10-12-30-0850-01520-0030
UPID US18-4655244
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
Current use
Occupant on record · Public records
  • Domenech Corner Restaurant
  • Domenech Corner Cuban Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$590k
CAP Approach CAP
by Request
Comparable Approach Comparable
$441k
Blend (final) Blend
$525k
Owner & transaction history
Domenech Corner LLC · 2 yrs held
Domenech Corner LLC
since 2023
Last sale
$475,000
3 recorded transactions
2023
$475,000
2022
$384,400
1969
Price N/A
Zoning & alternative use
B-1 · Bunnell, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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