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Property profile & analytics
OFF-MARKET
Retail space

5437 Hwy 358 Steinhatchee, FL 32359

936 SF 0.73 ac lot Built 1987
Entity Owned Free & Clear
Property ID
US18-5022895
Property summary
AI-generated overview

This 1,320 square foot restaurant, built in 2020, is located at 5437 Hwy 358 in Steinhatchee, Florida (zip code 32359). Priced at $320,000, this property offers a unique opportunity for food and beverage entrepreneurs. Situated on approximately one acre (four lots), it benefits from high visibility due to its highway location and proximity to a boat ramp leading to the Gulf of Mexico. The restaurant boasts seating for 40 guests and a fully equipped kitchen, including an outdoor walk-in cooler, multiple freezers, ample refrigeration, a robust cooktop, substantial food storage, and a high-capacity ice machine. A key feature is its drive-through, the only one of its kind in town, ideal for a coffee shop, bakery, or similar concept. The property's location in the heart of Steinhatchee, a growing community, ensures high traffic, especially during peak tourist seasons like scallop season. This turnkey operation is ready for immediate occupancy and poised to capitalize on the area's thriving tourism and local demand. Legal descriptions include: LOTS 4-5-6 & 7 SANA ANN S/D OR BK 108 PG 734 & OR BK 111 PG 723 ORB 183 P 358 & 359 ORB 214 P 691 ORB 271 P 661 ORB 322 P 472 & 473 ORB 323 P 267(DC) ORB 338 P 565 ORB 535 P 140 ORB 538 P 359(NOC) ORB 539 P 508 ORB 540 P 350(NOC).

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1987
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 936 SF
Lot 0.73 ac (31,664 SF)
Zoning code C-2
APN 30-09-10-0334-0000-004.0
UPID US18-5022895
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
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Comparable Approach Comparable
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Owner & transaction history
Old Mexico Of Steinhatchee LLC
Old Mexico Of Steinhatchee LLC
since 2025
Last sale
$220,000
7 recorded transactions
2025
Price N/A
2025
$220,000
2020
Price N/A
2019
$100
2019
$30,000
2005
$210,000
1969
Price N/A
Zoning & alternative use
C-2 · Steinhatchee, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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