$1,275,000
Palm Bay, FL 32905
MLS# 966679
Status: Closed
2 baths
1 / 52
Property Description
Seller Financing Now Available! Riverfront Turn-Key real estate & business opportunity. 125 seat restaurant for sale. 1 year old with new roof, a/c's, hood etc. & fully equipped. Current operation has trained staff, fixtures & furniture, large outdoor covered deck on busy US-1 with amazing river views incl. water rights! Surrounded by dense residential & Brevard tech & defense companies. Entering establishment, one will quickly see professional detail & no expense spared approach as entire build was directed by a corporate vision for quality and service. Subj. prop. occupies over 1 acre w/50 pking & can easily adopt drive-thru service & add a second floor to the decking as the business grows. Traffic count of 20,000+ cars per/da
Details
Maps
Location, Tax, and Legal
Tax Account: 2833686
Parcel Number: 28-37-25-Fq-00003.0-0010.00
General County Location: South
Tax Annual Amount: 11274.3
Tax Year: 2022
Tax Legal Description: PALM BAY ESTATES 1ST UNIT LOTS 10,11,12,17,18 & 19 BLK 3 IN 28-37/38-25/30 & PT OF GOVT LOT 1 E OF HWY 1 IN 28-38-30 AS
Directions: Dixie Highway, NE (US 1) South of Port Malabar Road. On the West Side of the Highway. Overlooking the Indian River. Station 49
General Property Information
Number Of Units Total: 1
Stories Total: 1
Building Area Total: 3376
Lot Size Acres: 1.03
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: 414.4
Sold Price/SqFt: 377.67
Bathrooms Total: 2
Year Built: 1984
Remarks and Miscellaneous
Public Remarks: Seller Financing Now Available! Riverfront Turn-Key real estate & business opportunity. 125 seat restaurant for sale. 1 year old with new roof, a/c's, hood etc. & fully equipped. Current operation has trained staff, fixtures & furniture, large outdoor covered deck on busy US-1 with amazing river views incl. water rights! Surrounded by dense residential & Brevard tech & defense companies. Entering establishment, one will quickly see professional detail & no expense spared approach as entire build was directed by a corporate vision for quality and service. Subj. prop. occupies over 1 acre w/50 pking & can easily adopt drive-thru service & add a second floor to the decking as the business grows. Traffic count of 20,000+ cars per/da
Construction Materials
Concrete: 1
Cooling
Central Air: 1
Current Use
Commercial: 1
Flooring
Carpet: 1
Tile: 1
Heating
Central: 1
Listing Terms
Cash: 1
Conventional: 1
Private Financing Available: 1
Lot Features
Other: 1
Parking Features
Parking Lot: 1
Possession
Close Of Escrow: 1
Negotiable: 1
Roof
Metal: 1
Rolled/Hot Mop: 1
Security Features
Fire Alarm: 1
Smoke Detector(s): 1
Sewer
Public Sewer: 1
Special Listing Conditions
Corporate Owned: 1
Unit 1 Details
Unit ID: 0
Annual Rent: 0
Unit SqFt: 0
Furnished: Furnished
Unit Remarks: 0
Water Source
Public: 1
Waterfront Features
River Front: 1
Showing Requirements
24 Hour Notice: 1
Call Listing Agent: 1
Building Features
% Air Conditioned or Heated: 80
Clear Ceiling Height: 10
Sale Includes
Building & Land: 1
Business with Real Estate: 1
Furniture, Fixtures and Equipment: 1
Historical Information
Public Historical Remarks 3: Legal/Misc-Home Warranty: No
Contract Information
Current Price: $1,275,000
Original List Price: 1399000
Sold Price: $1,275,000
Status: Closed
Listing Contract Date: 2023-05-19
Property Sub Type: Business
Location Tax and Legal
Street Number: 4720
Street Name: Dixie
Street Suffix: Highway
Street Direction Suffix: NE
County: Brevard
State: FL
Postal Code: 32905
MLS Area Major: 340 - NE Palm Bay
Subdivision Name: Palm Bay Estates 1st Unit
Status Change Information
Major Change Timestamp: 2024-07-11T14:51:41Z
Major Change Type: Status Change
Status Change Timestamp: 2024-07-11
Purchase Contract Date: 2024-05-15
Close Date: 2024-07-10
Close Price: 1275000
Property Features
Construction Materials: Concrete
Cooling: Central Air
Current Use: Commercial
Flooring: Carpet; Tile
Heating: Central
Listing Terms: Cash; Conventional; Private Financing Available
Lot Features: Other
Parking Features: Parking Lot
Possession: Close Of Escrow; Negotiable
Roof: Metal; Rolled/Hot Mop
Sale Includes: Building & Land; Business with Real Estate; Furniture, Fixtures and Equipment
Security Features: Fire Alarm; Smoke Detector(s)
Sewer: Public Sewer
Showing Requirements: 24 Hour Notice; Call Listing Agent
Special Listing Conditions: Corporate Owned
Water Source: Public
Waterfront Features: River Front
Listing Office: Engel&Voelkers Melb Beachside
Last Updated: November - 02 - 2024
Information is deemed to be reliable, but is not guaranteed.