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10916 Atlantic Blvd , #24

Jacksonville, FL 32225
  • $159,900
  • STATUS: Active
  • ON SITE: 73 Days
  • MLS #: 1218782
UPDATED: 34 min ago
$159,900
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,276
    SQFT
  • $49
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1988
County:
Area:

School Ratings & Info

Description

Very well established Thai food full service restaurant. Priced at LESS THAN A 2 YEAR NET EARNINGS MULTIPLE or a double digit CAP RATE!!! Owner has to return home to care for family and, with great regret, must sell her prized restaurant. Over 3200 sf with fully equipped kitchen, dining room with booths and tables, a full service bar, and great clientele. New owner could add other menu items, catering, even bbq by retrofitting an unused brick fire pit. Owners loss is your gain. Lease on space was renewed for five years last March. New owners must qualify to take over existing lease or re-negotiate new terms. See documents for FFE list and other information. Possible transfer of beer and wine license but this must be verified by buyer.

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© 2023 Northeast Florida Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Northeast Florida Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than Ponte Vedra Club Realty are marked with the listing broker’s name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed. Data last updated 2023-06-06T19:33:33.087.

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10916 Atlantic Blvd , #24 Jacksonville, FL 32225

  • Price: $159,900
  • Status: Active
  • On Site: 73 Days
  • Updated: 34 min ago
  • MLS #: 1218782
0
Beds
0
Baths
0
½ Baths
N/A
Acres
3,276
SQFT
$49
$/SQFT
1988
Built
Neighborhood:
02-Southside
County:
Duval
Area:
02-Southside
Property Description
Very well established Thai food full service restaurant. Priced at LESS THAN A 2 YEAR NET EARNINGS MULTIPLE or a double digit CAP RATE!!! Owner has to return home to care for family and, with great regret, must sell her prized restaurant. Over 3200 sf with fully equipped kitchen, dining room with booths and tables, a full service bar, and great clientele. New owner could add other menu items, catering, even bbq by retrofitting an unused brick fire pit. Owners loss is your gain. Lease on space was renewed for five years last March. New owners must qualify to take over existing lease or re-negotiate new terms. See documents for FFE list and other information. Possible transfer of beer and wine license but this must be verified by buyer.
Exterior Features

Construction Materials Concrete Lot Features Shopping Center Road Frontage Type HighwayCounty Road Road Surface Type Asphalt Roof Built-UpMetal

Property Features

Building Features Security Lighting Building Name Justin Plaza Business Type RetailBusinessNet Lease Cash Yes Conventional Yes Development Status Recorded Plat Listing Terms ConventionalWrap AroundCash Possession Owner Occp To Vacate Utilities Water - PublicSewer - PublicGas - Piped

Listing courtesy of Coldwell Banker Vanguard Realty: (904) 285-5000.


© 2023 Northeast Florida Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Northeast Florida Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than Ponte Vedra Club Realty are marked with the listing broker’s name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed. Data last updated 2023-06-06T19:33:33.087.

Digital Millennium Copyright Act
 
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Ponte Vedra Club Realty
13569 Pachuco Ct.
Jacksonville FL, 32225