Red Lobster 3162 S Atlantic Ave
5,930 SF Retail Building Daytona Beach Shores, FL 32118 $2,695,000 ($454/SF) 5.94% Cap Rate
INVESTMENT HIGHLIGHTS
- For Sale or Lease. Seller will consider financing.
- Monument sign, 90% built-out with all existing equipment, hoods, walk-in coolers, and walk-in freezers.
- High Traffic Locations with Complimentary Businesses near by!
EXECUTIVE SUMMARY
FOR SALE $2,695,000. Take advantage of this prime restaurant opportunity with 6,000 leasable square feet and 297 feet of frontage along A1A (Annual Average Daily Traffic 11,500). Located in the heart of Daytona Beach Shores, FL, this premier restaurant space shares the newly renovated retail plaza along with Oceans Luxury Realty and Mikes Galley Diner. The property has a stand-alone monument sign, provides ample parking, and is 90% built-out with all existing equipment, hoods, walk-in coolers, and walk-in freezers. The current parcel was formally a Red Lobster.
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Building Size
5,930 SF
Building Class
C
Year Built
1986
Price
$2,695,000
Price Per SF
$454
Cap Rate
5.94%
NOI
$160,110
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
0.63 AC
Zoning
Commercial - encourage the development of an intensive commercial facility, providing a wide range of tourist goods and services located adjoining at least one (1)
Parking
174 Spaces (29.34 Spaces per 1,000 SF Leased)
Frontage
297 FT on S. Atlantic Ave
AMENITIES
- Restaurant
- Recessed Lighting
- Air Conditioning
- Smoke Detector
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 5334-16-00-0010 | Improvements Assessment | $439,100 (2024) |
| Land Assessment | $332,789 (2024) | Total Assessment | $771,889 (2024) |
CONTACT
-
Kevin Purucker - Kevin Purucker
