Great opportunity to purchase a turnkey restaurant ideally located in Citrus County, Florida. This is a well-established business with 50+ seats (room for more), that serves breakfast and lunch with the ability to expand its operating hours to include dinner. Offering a standalone 1, 920 square foot concrete block building, this restaurant is in a prime location with exceptional visibility on US Hwy 41 S, and features over 125 feet of road frontage, ensuring maximum exposure to passing traffic. Additionally, the restaurant offers convenient street-to-street access from front to back, extending all the way to Southerly Avenue. This excellent ingress and egress from multiple roads enhances accessibility for customers and gives access to the signalized intersection of South US Hwy 41 S and Eden Drive. US HWY 41 has a daily traffic count of 16, 200 Average Annual Daily Traffic FDOT 2023. This sale includes two separate parcels - a . 31 acre parcel that the building and parking lot sit on and a contiguous . 46 acre parcel that is vacant land. The building has two separate public entrances, the main Dining Room, two public Restrooms, an employee Office, an employee Restroom, large - functionally laid out Kitchen, Servers Station, Check-Out Counter and walk in Refrigeration. The roof was replaced in 2015. If you were ever thinking about opening up your own restaurant or you are looking to expand an already existing brand of restaurants, this is a great opportunity to do that!
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William Raveis Real Estate
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RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $280,000 | $280,000 | $280,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $204 | $204 | $204 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,863 | $1,861 | $2,401 |
Total Monthly Payment | $2,142 | $2,140 | $2,680 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.