1391 Citrus Tower BlvdClermont, FL 34711

Property Details for 1391 Citrus Tower Blvd

Year built

2006

Construction

CONCRETE

Lot size

0.99 AC

Property size (Sq ft)

2,842 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

28-22-26-0300-000-00400

APU

282226030000000400

Description

This exceptional 2,863-square-foot restaurant property, located at 1391 Citrus Tower Blvd in Clermont, Florida, presents a unique investment opportunity. Built in 2006 and extensively renovated in 2019, the building was originally a bank branch and has been successfully converted into a restaurant, complete with a drive-thru. The property is being offered vacant, including all existing restaurant furniture, fixtures, and equipment (FF&E). The strategic location offers significant advantages. Situated next to Orlando Health's South Lake Hospital, a substantial 180-acre facility with 170 beds and over 1,600 employees, ensures a consistent flow of potential customers. Clermont's thriving retail market further enhances the property's appeal, making it a prime location within Central Florida's strongest retail trade areas. The property boasts 25 dedicated parking spaces and a prominent monument sign on Citrus Tower Blvd, ensuring high visibility and accessibility. The asking price for this turnkey restaurant opportunity is $2,100,000. Showings are by appointment only. This property is zoned for restaurant use and is ready for immediate occupancy. The zip code is 34711, and the property is located in Lake County.

• CAP approach

  CAP return

  Valuation

  6%

  $911,793

  6.5%

  $841,655

  7%

  $781,537

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,192,102

  Geo Method

  $1,124,624

• Alternative Use

  Use

  Valuation

  Residential

  $709,968

  Hospitality

  $650,326

  Educational

  $541,064

  Medical

  $559,672

  Retail

  $841,655

Location Insight

City

Clermont

County

Lake

State

Florida

Latitude

28.5483

Longitude

-81.7229

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].