Property Listing No Longer Available for Sale

304 STATE RD 26, Melrose, FL

Retail for Sale - $899,000


Property Info

CIMLS#1111447
Location
  304 STATE RD 26
  Melrose FL 32666
UpdatedDecember 31st, 2022
TypeRetail
Price$899,000

Property Description

Multi Use 8191 square foot building with Incredible location and business opportunity in Melrose Florida.Property located on very busy SR 26 with high visibility. New owner has many options. IMMEDIATE ROI as this 8191 square foot property includes Gator Bait Sports Bar and Grill. Gator Bait is a turnkey thriving restaurant and bar with a wonderful menu, live alligators, outdoor seating, live music and beer and wine. Numerous upgrades to operating system including new computers and Point of Sale software with online ordering.12000 cars per day pass this location. The fabulous restaurant is only part of this opportunity. Above the restaurant is a 2013 sq. ft. completely renovated office suite or 4 BR 1.5 BA Air BNB opportunity. Behind the main building is an attached 2034 sq. ft warehouse and a 1702 sq. ft storage building. This extra space can be rented or converted to expand the restaurant and bar to a fabulous live music venue with pool tables, darts, or other video games. The opportunities are endless . Further ROI increases of $30-50K annually can be realized if a liquor license is obtained. This is a property that must be seen to be fully appreciated and to grasp the possibilities.


Financials



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