110 Good Morning StPort St. Joe, FL 32456

Property Details for 110 Good Morning St

Year built

2008

Construction

CONCRETE

Lot size

0.40 AC

Property size (Sq ft)

2,556 SF

Property type

Retail properties

Property subtype

Retail space

APN

04259-255R

APU

04259255R

Description

This 1,500 square foot cafe in Port St. Joe, Florida, presents a unique investment opportunity. Located in the busy Windmark Village by the Beach, this established business boasts a contemporary design with floor-to-ceiling windows offering scenic views. Completely renovated in 2023, the cafe features both indoor and outdoor seating, providing versatility for various events, from casual dining to private functions. Currently operating at 100% occupancy since June 1, 2023, the cafe benefits from a transferable lease with a remaining term of two years (expiring June 1, 2026), at a monthly cost of $2,077, inclusive of water service. There are no HOA fees. The property is situated in a Commercial and Mixed Zone, built in 2006, and consists of a single, one-story building. Financial details are available upon request for qualified buyers. This sale includes the business only

• CAP approach

  CAP return

  Valuation

  6%

  $777,787

  6.5%

  $717,957

  7%

  $666,674

• Comparable approach

  Method

  Valuation

  Relative Method

  $457,899

  Geo Method

  $457,899

• Alternative Use

  Use

  Valuation

  Residential

  $605,623

  Hospitality

  $554,748

  Educational

  $461,544

  Medical

  $477,417

  Retail

  $717,957

Location Insight

City

Port St Joe

County

Gulf

State

Florida

Latitude

29.8615

Longitude

-85.3406

Property Tax & Assessments

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