The Fat Snook 2464 S Atlantic Ave 1,972 SF Retail Building Cocoa Beach, FL 32931 $850,000 ($431.03/SF) 6.20% Cap Rate
INVESTMENT HIGHLIGHTS
- Located on high traffic road
- Close to downtown Cocoa Beach
- Well established restaurant business in place
EXECUTIVE SUMMARY
Investor Alert! Truly one of the most successful restaurant locations on the Space Coast of Brevard County, this has a long-term, very well-established tenant in place. Located in the convenient beachside area of South Cocoa Beach, the Fat Snook building is not only a local favorite but also renowned in the restaurant community for casual elegance with fresh Florida cuisine, an outstanding wine list, thoughtful ambiance, and exceptional service. Please inquire for more details and a private showing for qualified buyers. REAL ESTATE SALE ONLY, BUSINESS IS NOT FOR SALE.
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,972 SF
Building Class
C
Year Built
1958
Price
$850,000
Price Per SF
$431.03
Cap Rate
6.20%
NOI
$52,700
Tenancy
Single
Building Height
1 Story
Building FAR
0.38
Lot Size
0.12 AC
Zoning
BU-1-A - Restricted Neighborhood Retail Commercial
Parking
11 Spaces (5.58 Spaces per 1,000 SF Leased)
Frontage
96’ on South Atlantic Ave
AMENITIES
- Freeway Visibility
- Restaurant
- Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 25-37-26-50-0000B.0-0027.00 | Improvements Assessment | $528,640 |
| Land Assessment | $66,000 | Total Assessment | $594,640 |
