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    Address Not Available By Request

    Ormond Beach, FL 32173
    • $325,000
    • STATUS: Active
    • ON SITE: 189 days
    • MLS #: 1074563
    Price Reduced
    UPDATED: 24 min ago
    $325,000
    • 0
      BEDS
    • 0
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,000
      SQFT
    • $163
      $/SQFT
    Type:
    Commercial
    Built:
    1984
    County:

    School Ratings & Info

    Description

    THIS IS A CONFIDENTIAL LISTING OF A WELL KNOWN AND ESTABLISHED 70+ SEAT RESTAURANT FACILITY THAT HAS OVER 30+ YEARS IN EXISTENCE. THE BUSINESS IS IDEAL AS A FAMILY RUN OPERATION WITH CONSISTENT CASH FLOWS EVEN IN THE PRESENT COVID-19 ENVIRONMENT, AS THERE IS EAT-IN, TAKE OUT, AND DELIVERY SERVICE, WHICH HAS MAINTAINED ITS BUSINESS REVENUES WITH MINIMAL EFFECTS DUE TO THE CURRENT PANDEMIC. THIS BUSINESS MAINTAINS CONSISTENT TAX RETURNS REFLECTING PROFITABILITY WITH 8 YEARS REMAINING ON THE PRESENT LEASE THAT MAINTAINS A ''COMPETING MENU RESTRICTION'' BETWEEN THE PRESENT OWNER AND THE LANDLORD'S RETAIL CENTER. THE LEASE HAS NO INHERENT CAM FEES ALONG WITH NO ROOF RESPONSIBILITIES FOR THE TENANT AND A $300 MAXIMUM CHARGE FOR ANY HVAC REPAIRS THAT WOULD ARISE FROM NORMAL STORE OPERATIONS.

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    © 2021 Daytona Beach Area Association of Realtors®, Inc.All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Cook Group Luxury Real Estate | Realty Pros Assured. Data last updated: 2021-02-24T14:24:31.433.
    www.cookgroupdaytona.com/homes/109106355
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    Address Not Available By Request Ormond Beach, FL 32173

    • Price: $325,000
    • Status: Active
    • Updated: 24 min ago
    • MLS #: 1074563
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0
    Acres
    2,000
    SQFT
    $163
    $/SQFT
    1984
    Built
    Neighborhood:
    Ormond N of Tomoka River, E of US1
    County:
    Volusia
    Area:
    Ormond N of Tomoka River, E of US1
    Property Description
    THIS IS A CONFIDENTIAL LISTING OF A WELL KNOWN AND ESTABLISHED 70+ SEAT RESTAURANT FACILITY THAT HAS OVER 30+ YEARS IN EXISTENCE. THE BUSINESS IS IDEAL AS A FAMILY RUN OPERATION WITH CONSISTENT CASH FLOWS EVEN IN THE PRESENT COVID-19 ENVIRONMENT, AS THERE IS EAT-IN, TAKE OUT, AND DELIVERY SERVICE, WHICH HAS MAINTAINED ITS BUSINESS REVENUES WITH MINIMAL EFFECTS DUE TO THE CURRENT PANDEMIC. THIS BUSINESS MAINTAINS CONSISTENT TAX RETURNS REFLECTING PROFITABILITY WITH 8 YEARS REMAINING ON THE PRESENT LEASE THAT MAINTAINS A ''COMPETING MENU RESTRICTION'' BETWEEN THE PRESENT OWNER AND THE LANDLORD'S RETAIL CENTER. THE LEASE HAS NO INHERENT CAM FEES ALONG WITH NO ROOF RESPONSIBILITIES FOR THE TENANT AND A $300 MAXIMUM CHARGE FOR ANY HVAC REPAIRS THAT WOULD ARISE FROM NORMAL STORE OPERATIONS.
    Exterior Features

    Depth 65.00 Highway Access Yes Parking GuestLightedPaved Parking Spaces 30 Rail Access No Road Frontage 110.00 Road Type Highway Roof Built-UpFlatPitched/SlopedRolled Site Improvements Curb/SidewalksPole Sign

    Interior Features

    Air Conditioning Central Ceiling Height 9.0000 Heating CentralElectric Interior Improvement AccessibilityDisplay WindowKitchen FacilityPublic Restrooms Retail 2000.00 Sq Ft Occupied 2000.00 Sq Ft Total 8000.00

    Property Features

    Access Transport State HighwayUs Highway As Is Condition Yes Building Type Location Strip Store Business Income Opportunity Restaurant Business Type Retail Commercial Property Name Retail Strip Center Commercial Style Business Opportunity Current Number Of Tenants 5.0000 Current Use Restaurant Down Payment 0.00 Electric Meters 1 Financial Package Yes Franchise Opt In No Gas Meters 1 Gross Income 760000.00 Homestead Exemption No Included In Lease Ac MaintenanceLawn CareRoof Repair Includedin Sale Beer/Wine LicenseBusiness NameBusiness OnlyEquipmen/MachineryFixturesFurnitureGood WillLease (Building)Signs - Leased Lease Provisions 3 - 5 Years Lease Type Modifd Gross Nrr Req No Per Month 2800.00 Percent Occupancy 100.00 Possible Use Restaurant Sewer Public Sewer Special Conditions None Sq Ft Source Owner Utilities On Site 200 AmpNatural GasThree Phase Water City Water Meters 1 Zoning Text Commercial

    Listing courtesy of Donna Concannon of Nsb Homes Llc.


    © 2021 Daytona Beach Area Association of Realtors®, Inc.All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Cook Group Luxury Real Estate | Realty Pros Assured. Data last updated: 2021-02-24T14:24:31.433.
     
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