1 Fort Lauderdale, Fort Lauderdale, FL 33308 — MLS photo

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1 Fort Lauderdale, Fort Lauderdale, FL 33308

Active · BusinessOpportunity

$697,000

1 Fort Lauderdale, Fort Lauderdale, FL 33308

Beds
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Baths
0
Living area
— sq ft
$ / sq ft
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Year built
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Lot size
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HOA fee
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About this property

Successful restaurant with 15-year history. Owner retiring. Located in the center of Fort Lauderdale’s historic district, this highly popular Italian restaurant is known for serving fresh and fabulous dishes. The restaurant is currently within a 2000 +/- SQFT location with 500 +/- outside terrace and has capacity for 50 guests. Newly renovated restroom. This business has operated successfully for 15 years with about 10 staff members, and has a wine and beer license available for transfer. Earning over 1,500 reviews and a 4.8 out of 5 rating online – it’s received lots of local praise and has loyal clientele. Neighboring businesses range from law offices to nail studios, allowing for a variety of foot traffic. Long term tenant at location and has low monthly rent for location (extremely below market rates). NDA required to receive more information.

Property location

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1 Fort Lauderdale, Fort Lauderdale, FL 33308

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Facts & features

Interior

Bathrooms
0

Exterior & Structure

Property type
BusinessOpportunity

Parking

Covered spaces
0

HOA, Community & Financials

County
Broward
Days on market
140
MLS listing ID
A11997374
Listing status
Active

Investment intelligence

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

-$1,364

Cap rate
3.3%
Net yield
3.3%
Cash-on-cash return
-8.4%
Gross yield
6.6%
Mortgage payment
$3,304/mo
Down payment
$174,250
Loan amount
$522,750
Annual NOI
$23,285

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.