This thriving restaurant, located at 299 E Broad Street in Groveland, Florida, presents a unique investment opportunity. Boasting 1,320 square feet on a 0.65-acre lot, the property enjoys a prime position on Highway 50, benefiting from high traffic volume. The restaurant features both drive-through and eat-in options, including a buffet and ample seating for patrons. Its current configuration is well-suited to its existing use, but the versatile space also lends itself to a variety of other commercial applications. The property's strategic location is further enhanced by the planned bypass connecting Highway 33 and SR 19, with a park and ride situated nearby, promising increased future traffic. Neighboring businesses include an auto parts store and a gas/convenience station, creating a synergistic commercial environment. The property benefits from a new roof installed at the end of 2023. Financial information is available upon execution of a confidentiality agreement. Seller financing may be available. The asking price of $1,000,000 does not include the business name or the chicken recipe
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$408,793
6.5%
$377,347
7%
$350,394
Comparable approach
Method
Valuation
Relative Method
$268,156
Geo Method
$215,571
Alternative Use
Use
Valuation
Industrial / Distribution
$727,524
Mixed-Use / Specialty
$379,372
Hospitality / Lodging
$282,721
Office
$380,628
Institutional / Educational
$395,598
Residential Income
$462,850
Multifamily
$536,435
Automotive / Energy
$339,084
Parking / Income-Based Land
$113,684
Restaurant / Food Service
$204,506
Healthcare / Senior Housing
$385,583
Location Insight
City
Groveland
County
Lake
State
Florida
Latitude
28.5592
Longitude
-81.8528
CBSA code
36740
CBSA name
ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA
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Broad St Groveland, FL 34736
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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