0West Palm Beach, FL 33403

Property Details

Year built

1978

Lot size

0.54 AC

Property size (Sq ft)

3,600 SF

Property type

Other commercial real estate

Property subtype

Other retail properties

Description

This exceptional turnkey opportunity presents a flourishing sports bar and grill, ideally situated on a major Palm Beach County highway at 9477 FL A1A Alt in Lake Park, FL 33403. The 3,600 square foot, single-story building sits on a 0.541-acre lot and boasts 55 parking spaces, ensuring ample room for patrons. Built in 1978 and renovated in 2019, this Class A property is zoned CG—GENERAL COMMERCIAL (00-UNINCORPORATED) and offers a spacious, air-conditioned interior capable of accommodating over 150 guests. The business itself is a well-established neighborhood favorite, enjoying impressive annual gross sales of $2,400,000 in 2023, with projections nearing $3,000,000 for 2024. This turnkey operation includes vital existing staff, maintaining a clean and inviting atmosphere with classic sports-themed décor. The property's strategic location near a high-traffic intersection on Northlake Blvd and A1A, experiencing approximately 65,000 vehicles daily, ensures exceptional visibility and accessibility. The surrounding area boasts a robust demographic profile, with over 114,000 residents within a 3-mile radius and an average annual household income exceeding $73,700 within a 1-mile radius. This presents a unique investment opportunity, combining a profitable, established business with a valuable piece of real estate in a prime location. The asking price is $2,800,000. The property alone is valued at $2,000,000+, with the business valued at an additional $750,000 based on owner's net EBITDA.

Location Insight

City

West Palm Beach

County

Palm Beach

State

Florida

Latitude

26.8147

Longitude

-80.0798

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