Interior
- Bathrooms
- 0
Active · BusinessOpportunity
$165,000
12XXX W Atlantic Blvd, Coral Springs, FL 33071
- Beds
- —
- Baths
- 0
- Living area
- — sq ft
- $ / sq ft
- —
- Year built
- 2005
- Lot size
- —
- HOA fee
- —
- Annual tax
- $4,000
About this property
Step inside to a turn key restaurant opportunity! Hood, grease trap included in the sale. Restaurant has been open for the past 6 years, grosses close to 490k per year, only operating from 8-4pm, plenty of room for expansion! Nets over 75k per year with minimal over head costs, lease is only $3,200, 1,300 sq ft. 2COP can be placed. Willing to provide financials upon proof of funds and NDA. Perfect for an EB2 visa/foreign investors. Over 500+ residences coming to the area with Modera’s new housing development, grab this price while you can. Sister restaurant is also for sale with very similar financials/gross revenue. Showings can be any day, after 4:30pm. Currently open, please respect employees and do not discuss sale of establishment.
Property location
Get Directions12XXX W Atlantic Blvd, Coral Springs, FL 33071
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Facts & features
Exterior & Structure
- Property type
- BusinessOpportunity
- Year built
- 2005
Parking
- Covered spaces
- 0
HOA, Community & Financials
- Annual tax
- $4,000
- County
- Broward
- Days on market
- 512
- MLS listing ID
- A11535142
- Listing status
- Active
Virtual tour
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Yield & ROI calculator
Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.
Estimated monthly cash flow
-$398
- Cap rate
- 2.8%
- Net yield
- 2.8%
- Cash-on-cash return
- -10.3%
- Gross yield
- 6.6%
- Mortgage payment
- $782/mo
- Down payment
- $41,250
- Loan amount
- $123,750
- Annual NOI
- $4,606
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.