8490 Highway 1, Micco, FL 32976 (MLS# RX-11007676)

$85,000

8490 Highway 1
Micco, FL 32976
MLS# RX-11007676
700 sqft

1 / 78

Property Description
Million dollar opportunity to own this reputable, turn key established cafe restaurant with lunch/dinner service, and all owned equipment. Located on 2 acre tropical , old Florida lot with 2 entrances to US 1. Owner says sewer is coming in soon and will allow expansion to'180 chairs, and estimates gross sales will rise to $140K to $180K after that. Restaurant on first floor with 8 tables inside, porch seating as well. Everything included! Back yard w/ extra parking (total of 25 spaces), and greenhouse/garden to continue to grow your produce/herbs. Compost area, newer washer and dryer, newer a/c and newer septic, make this ideal. Great lease! PLUS: Bonus! 2nd floor owner apartment incl in lease price! Owner Sacrifice due to other obligations.

Details

Maps

Contract Information

Status: Active

Original List Price: 150000

Auction: No

List Price: $85,000

Current Price: $85,000

List Price/SqFt: 121.42

Listing Date: 2024-07-26

General Property Description

Type: Business

Business Name: Marina Cafe

Business Type: Restaurant

Year Established: 2000

Year Built: 1920

SqFt - Living: 700

SqFt Source: Tax Rolls

Waterfront: No

Directions: Directly across from Indian River Lagoon and Kay's Marina --on southbound side of US HIghway 1

Location Tax Legal

Area: 6352 - Sebastian County (IR)

County: Brevard

Parcel ID: 30 381400002720

Street #: 8490

Street Name: Highway 1

Zip Code: 32976

Legal Desc: PART OF GOVT LOTS 5 & 6 LYING W OF US HWY 1 AS DES IN ORB 1587 PG 162

Geo Lat: 27.872984

Geo Lon: -80.498408

Building Info

# of Employees: 1

Property Features

Location: Other

Type of Building: Free Standing; Restaurant

License: Beer & Wine

Sale Includes: Business Only; Equipment; Fixtures; Furniture; Tools

Expenses Incl: Accounting-Legal; Advertising; License & Permit; Payroll; Rent; Repair & Maintenance; Supply; Utility-Telephone

Avail Info: Inventory; Personal Property In

Avail Docs: Aerial

Lease Term Rem: 4 -6 Years

Ownership: Sole Proprietor

Special Info: Sold As-Is

Cooling: Central; Wall-Win A/C

Heating: No Heat; Other

Miscellaneous 2: Traffic Medium

Fire Protect: Smoke Alarm

Ceiling: Plaster

Construction: Frame

Road: County Road; Highway; Mainthru

Roof: Comp Shingle

Security: Security Sys-Owned

Maintenance Fee Incl: Grounds / Plants; Lawn Care; Maintenance-Exterior; Real Estate Tax; Sewer; Trash Removal; Water

Parking: Free

Terms Considered: Cash

Possession: At Closing

Listing Office: Mac Evoy Real Estate Co

Last Updated: October - 02 - 2024

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