Restaurant | 104 S US Highway 41
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Restaurant 104 S US Highway 41
3,266 SF Retail Building Inverness, FL 34450 £1,113,586 (£341/SF) 3.86% Net Initial Yield
Executive Summary
This is your chance to own a thriving restaurant in the heart of historic Inverness, FL! Located on busy Highway 41, just one block from Courthouse Square, this well-established business has been a community staple for 17 years. Surrounded by the government center, courthouse, and numerous local businesses, this high-visibility location is perfect for attracting steady foot traffic. Key Features include: Spacious Seating: Accommodates up to 94 guests. Ample Parking: Convenient access for patrons. Fully Equipped Kitchen: Includes 3-door freezer, 3-door refrigerator, walk-in cooler, 6-burner stove, 2 deep fryers, double convection oven, and a 5' flat top grill and much more—ready for seamless operations. Functional Layout: Separate office, two bathrooms, front staff prep area, and lobby provide excellent workflow and customer experience. Unique Addition: Upstairs apartment with bathroom, currently accessible by ladder, offering potential for live-in staff or extra income. This property offers an excellent combination of character, functionality, and history, making it a rare gem in the bustling business district. Financial documents, including an asset list, balance sheets, and income statements, are available upon request. Seize this opportunity to make your mark on a restaurant that has been cherished by the Inverness, FL community. Contact us today for more details or to schedule a private showing.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | $99,999 | $9.99 |
Other Income | - | - |
Vacancy Loss | - | - |
Effective Gross Income | $99,999 | $9.99 |
Taxes | - | - |
Operating Expenses | - | - |
Total Expenses | $99,999 | $9.99 |
Net Operating Income | $99,999 | $9.99 |
Financial Summary (Actual - 2023) Click Here to Access
Gross Rental Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Other Income | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss | |
---|---|
Annual | - |
Annual Per SF | - |
Effective Gross Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Taxes | |
---|---|
Annual | - |
Annual Per SF | - |
Operating Expenses | |
---|---|
Annual | - |
Annual Per SF | - |
Total Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Net Operating Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Building Size
3,266 SF
Building Class
B
Year Built/Renovated
1948/2016
Price
£1,113,586
Price Per SF
£341
Net Initial Yield
3.86%
NOI
£42,953
Tenancy
Single
Number of Floors
1
Building FAR
0.28
Lot Size
0.27 AC
Zoning
CBD - Commercial C1
Parking
48 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
125 ft on S Highway 41
Amenities
- Corner Lot
- Pylon Sign
- Restaurant
- Smoke Detector
About 104 S US Highway 41 , Inverness, FL 34450
Completely Remodeled Updated Kitchen, Bathrooms,
Bike Score ®
Very Bikeable (72)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 20E-19S-17-0050-01020-0130 | Improvements Assessment | £123,576 |
Land Assessment | £139,278 | Total Assessment | £262,854 |
PROPERTY TAXES
Parcel Number
20E-19S-17-0050-01020-0130
Land Assessment
£139,278
Improvements Assessment
£123,576
Total Assessment
£262,854
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Restaurant | 104 S US Highway 41
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