5437 Hwy 358 Steinhatchee, FL 32359
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).
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
C-2 · Steinhatchee, FLCosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.