213 10Th StSteinhatchee, FL 32359

Property Details for 213 10Th St

Year built

1930

Construction

WOOD

Lot size

0.42 AC

Property size (Sq ft)

1,676 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

25-09-09-09841-000

APU

25090909841000

Description

McDavid's Cafe, a well-established Steinhatchee restaurant, is available for purchase. This turnkey operation boasts a loyal customer base, consistently high online reviews, and significant income potential. Currently serving breakfast and lunch, the restaurant comfortably seats 45 indoors, with ample outdoor space accommodating an additional 90+ patrons. The sale includes all equipment and inventory, minimizing disruption for the new owner. Opportunities abound to expand the business, such as adding a dinner menu, fully utilizing the outdoor seating area, or implementing new business strategies to capitalize on the busy scallop season and maintain consistent clientele year-round. The 1,676 square foot building sits on a 0.42-acre lot and benefits from all community utilities, including two RV hookups in the rear. Recent upgrades include a new HVAC system and fire suppression system, ensuring smooth operation. The asking price of $395,000 reflects a compelling opportunity in the thriving Steinhatchee market. This is a rare chance to acquire a profitable, established business with significant growth potential in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $463,915

  6.5%

  $428,229

  7%

  $397,641

• Comparable approach

  Method

  Valuation

  Relative Method

  $300,250

  Geo Method

  $300,250

• Alternative Use

  Use

  Valuation

  Residential

  $361,227

  Hospitality

  $330,882

  Educational

  $275,290

  Medical

  $284,758

  Retail

  $428,229

Location Insight

City

Steinhatchee

County

Taylor

State

Florida

Latitude

29.6702

Longitude

-83.3787

Property Tax & Assessments

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