REAL ESTATE / Growing & Profitable BUSINESS FOR SALE

Retail-Commercial for Sale
Catylist Listing ID: 30401071
Property Subtypes: Free-Standing Building, Restaurant
Building Size (RSF): 2,663 SF
Gross Building Area: 3,693 SF
Gross Land Area: 1.48 Acres
Sale Price: $405,000
Unit Price: $152.08 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Business
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 3/27/2020

Overview / Comments

SALE INCLUDES:
Real Estate - All furniture, fixtures & equipment included
Financials available upon request - Growing and Profitable, Make $ day 1 - Sellers are Retiring, this is a great opportunity
Full-Service Restaurant & Catering (Since 2005) 11+ corp. annual catering contracts in place for 2020 (7 more coming) and 5 weddings for 2020
Terrific upside for both catering and the restaurant.
Walk Around Porches 1,030 SF, 2 Outbuildings & Gazebo
The Mays House is a classic Southern Home built in 1922 by D.H. Mays. It was completely renovated and converted into a restaurant in 2005. The main building contains 2663 SF with 1030 SF of finished porches that can utilized for outdoor dining. New HVAC in 2019.
The 1.48 acre property is extensively landscaped and includes 2 out buildings, a pergola entrance, a charming gazebo & fire for outside catering events, and plenty of parking.

Additional Details

Nearest MSA: Tallahassee
County: Jefferson
Taxing Authority: JEFFERSON
Tax ID/APN: Jefferson County
Retail Clientele: General, Family, Business
Property Visibility: Excellent
Largest Nearby Street: East Washington St (Hwy 90)
Feet of Frontage: 243
Highway Access: On highway 90
Site Description: 1/4 mile east of Monticello's town square
Tenancy: Single Tenant
Property Condition: Excellent
Year Built: 1922
Year Renovated: 2005
Roof Type: Gable
Parking Type: Surface
Parking Description: surface
Zoning Description: current use Restaurant
Water Service: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 4,992 8,658
Median Age: 42.06 44.02
Households: 1,605 3,088

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