Description
Well established Restaurant (20 years) in Islamorada. Great Hwy frontage with plenty of parking. The existing Name of Business Does Not ConveyThis business has (13) years of lease left, on roughly 10,000 sq ft of space; The total amount of the lease is $10,500 P/M (restaurant is 6000 sq ft (+/-); The remaining 4,000 sq ft (+/-) is leased to (3) tenants for a total of $6,000 P/M; Tenant (1) has 2700 sq ft; Tenant (2) has 800 sq ft Tenant (3) 500 sq ft; The Restaurant Business pays $4,500, $3,500 is fixed;Let your tenants keep paying the bulk of the rent while the business continues to grow. Beer / Wine license can be added.
Details
| MLS# | 581899 |
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| Style | Retail |
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| Sub-Type | Resale |
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| Status | Active |
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| Year | 1950 |
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| Days On Site | 161 |
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Features
| Story(s) | 1 |
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| Units | 1 |
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| Zoning | VC - Village Center |
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| Date | Sales | Avg $ Per SqFt | Min Sale Price | Max Sale Price | Med Sale Price |
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| Date: Dec 2018 | Sales: 2 | Avg $ Per SqFt: $634.54 | Min Sale Price: $881,000 | Max Sale Price: $1,012,500 | Med Sale Price: $946,750 |
| Date: Nov 2018 | Sales: 1 | Avg $ Per SqFt: $413.56 | Min Sale Price: $545,900 | Max Sale Price: $545,900 | Med Sale Price: $545,900 |
| Date: Oct 2018 | Sales: 1 | Avg $ Per SqFt: $608.97 | Min Sale Price: $950,000 | Max Sale Price: $950,000 | Med Sale Price: $950,000 |
| Date: Sep 2018 | Sales: 1 | Avg $ Per SqFt: $298.7 | Min Sale Price: $460,000 | Max Sale Price: $460,000 | Med Sale Price: $460,000 |
| Date: Aug 2018 | Sales: 2 | Avg $ Per SqFt: $490.2 | Min Sale Price: $265,000 | Max Sale Price: $625,000 | Med Sale Price: $445,000 |
| Date: Jun 2018 | Sales: 1 | Avg $ Per SqFt: $415.53 | Min Sale Price: $1,338,000 | Max Sale Price: $1,338,000 | Med Sale Price: $1,338,000 |
| Date: May 2018 | Sales: 4 | Avg $ Per SqFt: $454.59 | Min Sale Price: $222,000 | Max Sale Price: $1,450,000 | Med Sale Price: $1,225,000 |
| Date: Apr 2018 | Sales: 2 | Avg $ Per SqFt: $160.58 | Min Sale Price: $429,076 | Max Sale Price: $675,000 | Med Sale Price: $552,038 |
| Date: Mar 2018 | Sales: 4 | Avg $ Per SqFt: $455.94 | Min Sale Price: $200,000 | Max Sale Price: $695,000 | Med Sale Price: $565,000 |
| Date: Feb 2018 | Sales: 2 | Avg $ Per SqFt: $513.25 | Min Sale Price: $335,000 | Max Sale Price: $1,850,000 | Med Sale Price: $1,092,500 |
| Dec 2018 |
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| Sales: | 2 |
| Avg $ Per SqFt: | $634.54 |
| Min Sale Price: | $881,000 |
| Max Sale Price: | $1,012,500 |
| Med Sale Price: | $946,750 |
| Nov 2018 |
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| Sales: | 1 |
| Avg $ Per SqFt: | $413.56 |
| Min Sale Price: | $545,900 |
| Max Sale Price: | $545,900 |
| Med Sale Price: | $545,900 |
| Oct 2018 |
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| Sales: | 1 |
| Avg $ Per SqFt: | $608.97 |
| Min Sale Price: | $950,000 |
| Max Sale Price: | $950,000 |
| Med Sale Price: | $950,000 |
| Sep 2018 |
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| Sales: | 1 |
| Avg $ Per SqFt: | $298.7 |
| Min Sale Price: | $460,000 |
| Max Sale Price: | $460,000 |
| Med Sale Price: | $460,000 |
| Aug 2018 |
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| Sales: | 2 |
| Avg $ Per SqFt: | $490.2 |
| Min Sale Price: | $265,000 |
| Max Sale Price: | $625,000 |
| Med Sale Price: | $445,000 |
| Jun 2018 |
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| Sales: | 1 |
| Avg $ Per SqFt: | $415.53 |
| Min Sale Price: | $1,338,000 |
| Max Sale Price: | $1,338,000 |
| Med Sale Price: | $1,338,000 |
| May 2018 |
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| Sales: | 4 |
| Avg $ Per SqFt: | $454.59 |
| Min Sale Price: | $222,000 |
| Max Sale Price: | $1,450,000 |
| Med Sale Price: | $1,225,000 |
| Apr 2018 |
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| Sales: | 2 |
| Avg $ Per SqFt: | $160.58 |
| Min Sale Price: | $429,076 |
| Max Sale Price: | $675,000 |
| Med Sale Price: | $552,038 |
| Mar 2018 |
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| Sales: | 4 |
| Avg $ Per SqFt: | $455.94 |
| Min Sale Price: | $200,000 |
| Max Sale Price: | $695,000 |
| Med Sale Price: | $565,000 |
| Feb 2018 |
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| Sales: | 2 |
| Avg $ Per SqFt: | $513.25 |
| Min Sale Price: | $335,000 |
| Max Sale Price: | $1,850,000 |
| Med Sale Price: | $1,092,500 |
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MLS Number: 581899