304 S Us-27 - Restaurant FOR SALE


Lady Lake, FL 32159
$699,900 USD
352-406-2149
304 S Us-27, Lady Lake, FL for Sale
$699,900 USD
Restaurant - FOR SALE
1/2
null | Request Cap Rate

304 S Us-27
Lady Lake, FL 32159


OVERVIEW

First time being on the market, been an iconic restaurant in Lake County now for 62 years. Also incudes another commercial building and combined fronts on three roads, corner location on the highway as well. There are two signs fronting on the highway which half of one being used for advertising the additional commercial building that fronts on two roads but not on Highway 27/441. The restaurant has 1,854 sq ft heated, 16 parking spots and an additional grassy area plus a small storage building. The other commercial building has 2,114 sq ft heated, 7 parking spaces, grassy area if more spots needed and has additional signage on the building with a fenced in back area. According to the city of Lady Lake both parcels are zoned HC, Heavy Commercial. The surrounding properties are commercial. Lake County GIS map measures fronting on Highway 27/441 at 128 FT, E Lakeview St at 261 FT and S Old Dixie Highway at 182 FT. This location is just over a mile to The Villages. The Villages is one of the largest retirement communities in Florida. All combined The Villages cover more than 80 square miles, which is equivalent to more than 51,200 acres. Amazingly, The Villages is still growing, and is one of the fastest growing cities in Florida. The Villages community is so large that it includes multiple zip codes and is located in three separate county jurisdictions: Lake County, Sumter County and Marion County.

FOR SALE DETAILS

PRICE

$699,900 USD

PRICE/SF

$378 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.86 AC

LAND SF

37,462 SF

ZONING

HC

APN/PARCEL ID

20-18-24-0001-000-00701,21-18-24-0300-000-06900

ASK ABOUT THIS PROPERTY

Jeff CarlinoCarlino Commercial Group, IncMore Info
352-406-2149

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Jeff CarlinoCarlino Commercial Group, IncMore Info
352-406-2149

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