685 US Highway 1 - Restaurant FOR SALE


Vero Beach, FL 32962
$1,200,000 USD
772-473-0018
685 US Highway 1, Vero Beach, FL for Sale
$1,200,000 USD
Restaurant - FOR SALE
1/15
null | Request Cap Rate

685 US Highway 1
Vero Beach, FL 32962


OVERVIEW

The building is 3,474 SF on US HWY 1, Vero Beach, FL, with a Traffic Volume 30,000 per day. Lessee Terms: 5 years with an option of 5 Years. With a 4% increase each year. Situated at 685 US Highway #1 in Vero Beach, this renowned restaurant has been a culinary beacon for over fifty years. Established in 1973 as part of the "Fat Boys BBQ" chain, it has upheld a legacy of culinary distinction throughout the years. In 2007, with a change in ownership, it transitioned to "Smokehouse BBQ," preserving its dedication to being both family-friendly and a hub for business gatherings. Now known as "Caffe 66", it thrives under the guidance of an experienced operator.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$345 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,632 SF

ZONING

CH

APN/PARCEL ID

33-39-13-00000-1000-00035.0

ASK ABOUT THIS PROPERTY

Bill MillsMills Commercial Real Estate Group, LLCMore Info
772-473-0018

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Bill MillsMills Commercial Real Estate Group, LLCMore Info
772-473-0018

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