2031 Wilton DrWilton Manors, FL 33305

Property Details for 2031 Wilton Dr

Year built

1956

Construction

CONCRETE

Lot size

0.34 AC

Property size (Sq ft)

6,652 SF

Zone code

A & E DISTRICT

Property type

Retail properties

Property subtype

Retail space

APN

49-42-27-05-0050

APU

494227050050

Description

This exceptional restaurant opportunity is located at 2031 Wilton Dr, Unit 1, Wilton Manors, FL 33305. The 1,940 square foot space boasts a newly built-out interior, complete with a fully equipped kitchen featuring a grease trap, hood system, and ample refrigeration. All existing equipment and furniture are included in the $200,000 asking price, making this a truly turnkey operation. The current beer and wine license is in place, and there's potential to expand outdoor seating to qualify for a Special Food Service (SFS) liquor license. The lease, currently at approximately $6100 per month all-inclusive, runs through 2025 with two five-year renewal options extending to 2035. This prime location on high-traffic Wilton Drive offers exceptional visibility and foot traffic, making it an ideal spot for a thriving restaurant business. The property is situated in Broward County and presents a rare chance to establish or relocate a restaurant in a vibrant and established commercial area. This is a fantastic opportunity for an entrepreneur seeking a well-equipped, established space with significant growth potential. Don't miss out on this chance to own a successful restaurant in a prime Wilton Manors location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,907,163

  6.5%

  $2,683,535

  7%

  $2,491,854

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,952,138

  Geo Method

  $4,952,138

• Alternative Use

  Use

  Valuation

  Residential

  $2,263,662

  Hospitality

  $2,073,502

  Educational

  $1,725,130

  Medical

  $1,784,460

  Retail

  $2,683,535

Location Insight

City

Wilton Manors

County

Broward

State

Florida

Latitude

26.1532

Longitude

-80.1408

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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