24646 State Road 40Astor, FL 32102

Property Details for 24646 State Road 40

Year built

1972

Construction

CONCRETE

Lot size

0.66 AC

Property size (Sq ft)

1,289 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

30-15-28-0100-003-00100

APU

301528010000300100

Description

This exceptional turn-key restaurant opportunity is located on State Road 40 in Astor, Florida. The 1,592 square foot building sits on a 0.66-acre lot, offering ample parking and an additional storage building. The interior comfortably seats 52 guests, with an enclosed patio capable of seating an additional 24. Strategically positioned midway between Interstate 75 and Interstate 95, this high-traffic location enjoys easy access for both locals and tourists, just a 30-minute drive from both the beaches and Ocala. Currently operating six days a week (closed Tuesdays) from 6 AM to 9 PM, the restaurant caters to a broad range of customers. The sale includes the property, building, and established business, complete with essential equipment such as a dishwasher, ice machine, grills, and a pizza oven. This is a rare chance to acquire a well-established restaurant in a desirable location with significant growth potential. The property's proximity to the scenic St. Johns River adds to its appeal. This is a ready-to-operate business, perfect for an experienced restaurateur or a savvy investor seeking a high-return opportunity in a thriving community. The asking price is $900,000.

• CAP approach

  CAP return

  Valuation

  6%

  $322,539

  6.5%

  $297,728

  7%

  $276,462

• Comparable approach

  Method

  Valuation

  Relative Method

  $362,606

  Geo Method

  $362,606

• Alternative Use

  Use

  Valuation

  Residential

  $251,145

  Hospitality

  $230,048

  Educational

  $191,397

  Medical

  $197,979

  Retail

  $297,728

Location Insight

City

Astor

County

Lake

State

Florida

Latitude

29.1623

Longitude

-81.5312

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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