5437 Highway 358Steinhatchee, FL 32359

Property Details for 5437 Highway 358

Year built

1987

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.73 AC

Property size (Sq ft)

936 SF

Zone code

C-2

Property type

Retail properties

Property subtype

Retail space

APN

30-09-10-0334-0000-004.0

APU

300910033400000040

Description

This 1,320 square foot restaurant, built in 2020, is located at 5437 Hwy 358 in Steinhatchee, Florida (zip code 32359). Priced at $320,000, this property offers a unique opportunity for food and beverage entrepreneurs. Situated on approximately one acre (four lots), it benefits from high visibility due to its highway location and proximity to a boat ramp leading to the Gulf of Mexico. The restaurant boasts seating for 40 guests and a fully equipped kitchen, including an outdoor walk-in cooler, multiple freezers, ample refrigeration, a robust cooktop, substantial food storage, and a high-capacity ice machine. A key feature is its drive-through, the only one of its kind in town, ideal for a coffee shop, bakery, or similar concept. The property's location in the heart of Steinhatchee, a growing community, ensures high traffic, especially during peak tourist seasons like scallop season. This turnkey operation is ready for immediate occupancy and poised to capitalize on the area's thriving tourism and local demand. Legal descriptions include: LOTS 4-5-6 & 7 SANA ANN S/D OR BK 108 PG 734 & OR BK 111 PG 723 ORB 183 P 358 & 359 ORB 214 P 691 ORB 271 P 661 ORB 322 P 472 & 473 ORB 323 P 267(DC) ORB 338 P 565 ORB 535 P 140 ORB 538 P 359(NOC) ORB 539 P 508 ORB 540 P 350(NOC).

• CAP approach

  CAP return

  Valuation

  6%

  $259,094

  6.5%

  $239,163

  7%

  $222,080

• Comparable approach

  Method

  Valuation

  Relative Method

  $167,681

  Geo Method

  $167,681

• Alternative Use

  Use

  Valuation

  Residential

  $201,743

  Hospitality

  $184,796

  Educational

  $153,748

  Medical

  $159,036

  Retail

  $239,163

Location Insight

City

Steinhatchee

County

Dixie

State

Florida

Latitude

29.6628

Longitude

-83.3636

Property Tax & Assessments

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