11220 SE Federal Hwy - Restaurant FOR SALE


Hobe Sound, FL 33455
$1,550,000 USD
561-389-0075
11220 SE Federal Hwy, Hobe Sound, FL for Sale
$1,550,000 USD
Restaurant - FOR SALE
1/7
null | 6.65% Cap Rate

11220 SE Federal Hwy
Hobe Sound, FL 33455


HIGHLIGHTS

  • Great location on Federal Highway/US Highway 1
  • Great access and exposure
  • Mixed Use
  • Short Term Leases
  • Hobe Sound CRA

OVERVIEW

This Sale includes a Freestanding Restaurant Building (former restaurant) on .30 acres and Two Duplexes on a contiguous residential parcel on .344 acres of land. The Commercial Building is currently leased until January 2025 at $4,000/mth ($48,000/yr) NNN. The Residential Buildings have total income of approximately $72,000 per year with expenses of $16,000 per year with NOI of $56,000. The Commercial Building fronts Federal Highway/US Highway 1 and is at the corner of Federal Highway and Windham Street. The Commercial Building was former restaurant with existing kitchen equipment including a hood system and grease trap and fenced in rear storage parking area, 8 parking spaces in front and additional parking on street of service road. The Residential parcel consists of 4 total units within 2 buildings and all units are occupied on short term leases (less than 1 year) for maximum flexibility. Units are 2/1. Rents range from $1,300 to $1,675 per month. Total Income is approximately $72,000 per year. Properties are located in the Hobe Sound CRA district and many available uses.

FOR SALE DETAILS

PRICE

$1,550,000 USD

PRICE/SF

$994 USD /SF

CAP RATE

6.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Storefront Retail/Office, Service, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,499 SF

ZONING

R-3A

APN/PARCEL ID

34-38-42-010-001-0001.0-5-0000

ASK ABOUT THIS PROPERTY

Glen AlexanderStrategic Realty Services, LLCMore Info
561-389-0075

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Glen AlexanderStrategic Realty Services, LLCMore Info
561-389-0075

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.