Melissa Nowell - Coldwell Banker
1 Us Hwy 1
Upper Matecumbe Key Islamorada, FL 33036

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
StyleRetail
Sub-TypeResale
StatusActive
Year1950
Days On Site11

Features

Story(s)1
Units1
ZoningVC - Village Center

Market Activity 33036

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Area Information

StateFL
CountyMonroe
CityUpper Matecumbe Key Islamorada
Zip Code33036
AreaIslamorada
Listing VS Median (in 33036)
Price:
$719,000
low | high
Med:
$929,500
20.723226703755% of Average
On Site:
11
low | high
Med:
345
3.188405797101% of Average
Listing Updated: 09/24/2018
MLS Number: 581899
Listing Provided By:
James V. Mooney Jr. P.A.  of  Moorings Realty Inc