For Lease
$23.76/SF/YR

2099 Palm Bay RdPalm Bay, FL 32905

Established Smoke Shop, High Sales, Great Location

Overview

Added:
Dec 11, 2024
Days on market:
114
This thriving smoke shop presents a unique investment opportunity on Palm Bay Road. The property is a single-tenant retail space encompassing 1,260 square feet within a larger 3,780 square foot building. The business boasts impressive inside retail sales averaging approximately $22,000 per month, further supplemented by lottery commission and income from other machines. This established business offers a strong track record and consistent revenue stream. The current monthly rent is $2,500. The asking price includes a $40,000 business goodwill value, reflecting the established clientele and operational success. This turnkey operation is ideal for an investor seeking a profitable, established business with significant earning potential. The property's location on Palm Bay Road ensures high visibility and accessibility to a substantial customer base. The sale includes the existing inventory and fixtures, allowing for a seamless transition for the new owner. This is a rare opportunity to acquire a profitable, established business with a proven history of success in a desirable location. Serious inquiries only. Financial statements are available upon request. This is a fantastic opportunity for a savvy investor looking for a strong return on investment.

Highlights

  • Retail smoke shop totaling 1,260 square feet.
  • Single-tenant occupancy.
  • Gross annual sales approximately $22,000 plus lottery and machine income.
  • Monthly rent is $2,500.
  • Business goodwill valued at $40,000.

Property Details for 2099 Palm Bay Rd

Property type
Retail properties
RSF (Rentable sq. ft)
3,780 SF

Unit(s) available at that property

Space
Size
1,260 SF
Rate per SF
$23.76

Location Insight

City
Palm Bay
County
Brevard
State
Florida
Latitude
28.0355243
Longitude
-80.6116985
2099 Palm Bay Rd, Palm Bay, Florida

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2099 Palm Bay Rd
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