$975,000
Palm Bay, FL 32905
MLS# 826363
Status: Closed
4188 sqft
1 / 95
Property Description
River front restaurant that has been in place for over 40 years along with the adjacent single family residence with room to expand. The name has been the staple of the community. Sale includes 4COP liquor license, all equipment, furniture, two river front properties, a well established restaurant/bar business (.51 acres) and adjacent single family home (.21). Restaurant has outdoor seating, tiki bar and is perfect for those special family dinners on the water.
Details
Maps
Location, Tax, and Legal
Tax Account: 000000000
Parcel Number: 00000000000000000000000
General County Location: South
Tax Annual Amount: 15334.9
Tax Year: 2017
Tax Legal Description: PT OF GOVT LOT 1 AS DES IN DB 305 PG 258 LYING E OF US HWY NO 1 PAR 504.1
Directions: Contact listing agent.
General Property Information
Number Of Units Total: 2
Stories Total: 1
Building Area Total: 4188
Lot Size Acres: 0.74
Association YN: No
Property Use: C-RESTAURANT / CAFETERIA (2100)
Water Body Access YN: No
Waterfront YN: Yes
Water Body Name: Indian River
Use Code: 21 / RESTAURANTS, CAFETERIAS
List Price/SqFt: 262.42
Sold Price/SqFt: 232.81
Year Built: 1956
Remarks and Miscellaneous
Public Remarks: River front restaurant that has been in place for over 40 years along with the adjacent single family residence with room to expand. The name has been the staple of the community. Sale includes 4COP liquor license, all equipment, furniture, two river front properties, a well established restaurant/bar business (.51 acres) and adjacent single family home (.21). Restaurant has outdoor seating, tiki bar and is perfect for those special family dinners on the water.
Construction Materials
Frame: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Exhaust Fan: 1
Current Use
Commercial: 1
Flooring
Tile: 1
Wood: 1
Heating
Central: 1
Electric: 1
Listing Terms
Cash: 1
Conventional: 1
Private Financing Available: 1
Possession
Close Of Escrow: 1
Income and Expenses
Insurance Expense: 25686
New Taxes Expense: 5246.25
Supplies Expense: 25357
Security Features
Closed Circuit Camera(s): 1
Fire Sprinkler System: 1
Security System Owned: 1
Sewer
Public Sewer: 1
Special Listing Conditions
City Jurisdiction: 1
Utilities
Cable Available: 1
Natural Gas Available: 1
Water Source
Public: 1
Waterfront Features
River Front: 1
Showing Requirements
Appointment Only: 1
Call Listing Agent: 1
Building Features
% Air Conditioned or Heated: 75
Clear Ceiling Height: 4188
Fenced: 1
Kitchen Facilities: 1
Lounge: 1
Manager on Premise: 1
Private Restroom: 1
Public Restroom: 1
Rear Access: 1
Restaurant: 1
Storage: 1
Ceiling Type
Wood Panel: 1
Location
Beach Area: 1
City: 1
Sale Includes
Building & Land: 1
Business Only: 1
Furniture, Fixtures and Equipment: 1
Historical Information
Public Historical Remarks 2: Site Description-Fenced: Y
Public Historical Remarks 3: Proforma-Gross Sched Income: 1154986.01, Expenses-Utilities: 63746, Expenses-Maint & Repair: 30211, Expenses-Advertising: 10849, Expenses-Accounting & Legal: 11397
Contract Information
Current Price: $975,000
Original List Price: 1200000
Sold Price: $975,000
Status: Closed
Listing Contract Date: 2018-09-26
Property Sub Type: Business
Location Tax and Legal
Street Number: 0000
Street Direction Prefix: NE
Street Name: Unknown
Street Suffix: Highway
Street Direction Suffix: NE
County: Brevard
State: FL
Postal Code: 32905
MLS Area Major: 340 - NE Palm Bay
Subdivision Name: None
Status Change Information
Major Change Timestamp: 2023-11-11T09:28:17Z
Major Change Type: Price Reduced
Price Change Timestamp: 2019-01-05T18:56:01Z
Status Change Timestamp: 2019-04-24
Purchase Contract Date: 2019-04-24
Close Date: 2019-04-24
Close Price: 975000
Property Features
Building Features: Fenced; Kitchen Facilities; Lounge; Manager on Premise; Private Restroom; Public Restroom; Rear Access; Restaurant; Storage
Ceiling Type: Wood Panel
Construction Materials: Frame
Cooling: Ceiling Fan(s); Central Air; Exhaust Fan
Current Use: Commercial
Flooring: Tile; Wood
Heating: Central; Electric
Listing Terms: Cash; Conventional; Private Financing Available
Location: Beach Area
Possession: Close Of Escrow
Sale Includes: Building & Land; Business Only; Furniture, Fixtures and Equipment
Security Features: Closed Circuit Camera(s); Fire Sprinkler System; Security System Owned
Sewer: Public Sewer
Showing Requirements: Appointment Only; Call Listing Agent
Special Listing Conditions: City Jurisdiction
Utilities: Cable Available; Natural Gas Available
Water Source: Public
Waterfront Features: River Front
Listing Office: Melbourne Realty, Inc.
Last Updated: November - 02 - 2024
Information is deemed to be reliable, but is not guaranteed.