3415 County Road 542Lakeland, FL 33801

Property Details for 3415 County Road 542

Year built

1978

Lot size

0.77 AC

Property size (Sq ft)

1,853 SF

Zone code

C-3

Property type

Retail properties

Property subtype

Bars

APN

242814000000044040

APU

242814000000044040

Description

This exceptional Lakeland restaurant presents a unique sale-leaseback opportunity. Located at 3415 E County Rd 542, Polk County, Florida (zip code 33801), this fully renovated establishment boasts 4,253 square feet on a 0.77-acre lot. The property is zoned Commercial/Industrial and features new equipment, ensuring a smooth transition for the new owner. With over 100 seats and a consistent clientele, this restaurant generates a strong cash flow, offering a compelling 10% capitalization rate. The asking price is $1,000,000. The property's Assessed Parcel Number (APN) is 24-28-14-000000-044040. This turnkey operation is ready for immediate occupancy, available July 6th, 2023. The sale includes both the real estate and the established business, providing a complete and lucrative investment package. This is an ideal opportunity for an experienced restaurateur seeking a profitable venture with significant growth potential in a thriving Lakeland location. The property's prime location and established reputation make this a truly exceptional investment opportunity. Don't miss out on this chance to acquire a successful, high-cash-flow restaurant with significant upside.

• CAP approach

  CAP return

  Valuation

  6%

  $796,104

  6.5%

  $734,865

  7%

  $682,375

• Comparable approach

  Method

  Valuation

  Relative Method

  $957,274

  Geo Method

  $852,802

• Alternative Use

  Use

  Valuation

  Residential

  $619,886

  Hospitality

  $567,812

  Educational

  $472,413

  Medical

  $488,660

  Retail

  $734,865

Location Insight

City

Lakeland

County

Polk

State

Florida

Latitude

28.0439

Longitude

-81.8907

CBSA code

29460

CBSA name

LAKELAND, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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