Freestanding Restaurant Space | 2455 Midway Rd
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Freestanding Restaurant Space 2455 Midway Rd
1,200 SF Vacant Retail Building Fort Pierce, FL 34981 £568,697 (£474/SF)
Investment Highlights
- Situated on half an acre
- Commercial kitchen equipped with a grease trap and hood
- Spanning 1,200 square feet
- *CONTACT LISTING AGENT - PLEASE DO NOT DISTURB TENANT*
Executive Summary
INVESTMENT SALE - Fantastic chance to acquire a standalone restaurant building situated on half an acre with existing 3-year lease in place.
The property boasts impressive frontage with a prominent pole sign. Spanning 1,200 square feet, the space features both indoor and outdoor seating, along with a convenient drive-through.
Added advantages include a commercial kitchen equipped with a grease trap and hood.
*Option to connect city sewer and redevelop property with a 2-story building.*
*CONTACT LISTING AGENT - PLEASE DO NOT DISTURB TENANT*
The property boasts impressive frontage with a prominent pole sign. Spanning 1,200 square feet, the space features both indoor and outdoor seating, along with a convenient drive-through.
Added advantages include a commercial kitchen equipped with a grease trap and hood.
*Option to connect city sewer and redevelop property with a 2-story building.*
*CONTACT LISTING AGENT - PLEASE DO NOT DISTURB TENANT*
Financial Summary (Actual - 2022) 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 |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2022) 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 | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| 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
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,200 SF
Building Class
B
Year Built
1990
Price
£568,697
Price Per SF
£474
Percent Leased
Vacant
Tenancy
Multiple
Number of Floors
1
Building FAR
0.06
Land Acres
0.48 AC
Zoning
CN - commercial 22 000 sq ft property 50 ft frontage on main street. drive-through lanes, walk-up windows, outdoor and indoor seating-
Parking
15 Spaces (12.5 Spaces per 1,000 SF Leased)
Frontage
49 ft on Midway Rd
Amenities
- Corner Lot
- Pylon Sign
- Restaurant
- Drive Thru
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 34-03-502-0096-0202 | Total Assessment | £156,019 (2023) |
| Land Assessment | £98,443 (2023) | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £57,576 (2023) | Tax Year | 2022 |
PROPERTY TAXES
Parcel Number
34-03-502-0096-0202
Land Assessment
£98,443 (2023)
Improvements Assessment
£57,576 (2023)
Total Assessment
£156,019 (2023)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2022
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Freestanding Restaurant Space | 2455 Midway Rd
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