92661 Overseas Hwy Key Largo, FL 33037
- Drive through restaurants
- 1,796 SF
- 0.43 lot acres
Current Use by Public Records
- Isalis / Gift Shop / Boutique
- Party City / Party Store / Balloon Store
- Skunk Funk / Corporate Campus / Wholesaler
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop
Property Details for 92661 Overseas Hwy
- Year built
- 1973
- Lot size
- 0.43 lot acres
- Property size
- 1,796 SF
- Property type
- Drive through restaurants
- APN
- 00490210-000100
- APU
- 490210000100
Description
This exceptional investment opportunity presents a thriving franchise restaurant and accompanying real estate in the desirable Tavernier, Florida location at 92661 Overseas Highway. The free-standing building boasts a highly sought-after drive-through, a significant advantage in this market. Currently operating as a successful franchise with a full lunch and dinner menu, the business generates a substantial net income, yielding an approximate 10% return on the asking price of $2,400,000 with minimal owner involvement. A capable general manager is in place, and the majority of employees are committed to continuing under new ownership. The sale includes all furniture, fixtures, and equipment. Strategically positioned in a median location, the property enjoys excellent visibility and benefits from its proximity to the new Tavernier Publix supermarket and over eighty planned new housing units, ensuring a robust customer base. Convenient access to northbound and southbound traffic further enhances its appeal. The limited competition for soft-serve ice cream and the established presence of a popular ice cream brand add to the property's value. The ample parking on the large lot caters to the needs of customers. The current franchise agreement has approximately 11 years remaining, offering long-term stability. However, the franchise is optional, allowing for flexibility in future operations and potential conversion to another restaurant concept. This turnkey business presents a rare opportunity to acquire a profitable enterprise with significant growth potential in a prime location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Tavernier
- County
- Monroe
- State
- Florida
- Longitude
- -80.5115
- Latitude
- 25.0168
- CBSA code
- 28580
- CBSA name
- KEY WEST-MARATHON, FL MICROPOLITAN STATISTICAL AREA
