For Sale
$599,000

650 Riverside DrCoral Springs, FL 33071

Profitable Florida Restaurant, Absentee Owner

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional restaurant and lounge, located at 650 Riverside Dr, Coral Springs, FL 33071, in Broward County, presents a lucrative investment opportunity. Priced at $599,000 with $349,000 seller financing available, this established business boasts a newly renovated (2022) state-of-the-art commercial kitchen and a separate catering kitchen, allowing for simultaneous in-house dining and off-site catering services. The spacious venue comfortably seats over 200 guests, making it ideal for corporate events, private parties, and celebrations. Its prime location benefits from the addition of 600 new luxury condos in the same plaza, promising significant organic growth and attracting high-net-worth clientele. The restaurant offers a unique Latin-inspired culinary experience, complemented by a lively lounge and nightclub featuring music, dancing, and a specialty cocktail bar. Nightly specials and a weekly car show further enhance customer traffic. The property includes a 4COP SRX full-liquor license. Recent upgrades include all new air conditioning units (2022), updated landscaping, and enhanced exterior lighting, reflecting the high-end nature of the establishment. All kitchen equipment was also replaced in 2022. This turnkey operation is perfect for an absentee owner seeking a thriving South Florida business.

Highlights

  • Turnkey restaurant and lounge in Coral Springs, FL, listed at $599,000 with $349,000 seller financing available.
  • Features a newly renovated (2022) commercial kitchen and separate catering kitchen, seating over 200 guests.
  • Prime location near 600 new luxury condos, offering significant growth potential.
  • Includes a 4COP SRX full-liquor license and boasts recent upgrades including new AC units (2022), landscaping, and exterior lighting.

Property Details for 650 Riverside Dr

Property type
Year Renovated
2022

Location Insight

City
Coral Springs
County
Broward
State
Florida
Latitude
26.2416242
Longitude
-80.2435609
650 Riverside Dr, Coral Springs, Florida

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650 Riverside Dr
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