Fishermans Restaurant on Withlacoochee River For Sale!

Retail-Commercial for Sale
Catylist Listing ID: 30718018
Property Subtypes: Restaurant
Building Size (RSF): 3,350 SF
Gross Land Area: 1.61 Acres
Sale Price: $445,000
Unit Price: $132.84 PSF
Property Use Type: Business
Building Name: Fishermans Restarant
Usable Size (USF): 3,350 SF
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 4/16/2021

Overview / Comments

Fisherman's Cove Restaurant is rooted in an optimal location on Highway 44 East with 1.61 acres on the beautiful Withlacoochee River. The cozy restaurant was established in 1994 and offers unique opportunity with multiple sources of income and profitable business that includes FF&E to convey with the sale. Fisherman's Restaurant has 209' of highway frontage and spacious gravel parking lot. The interior offers table and bar seating for 55 patrons inside and additional seating outside, 2 ADA restrooms, and a large kitchen with hood and ansul system, refrigeration, freezers and much more. Outdoors behind the restaurant, you will find scenic outdoor seating that provides a picturesque views of the the direct canal just 5 mins to the 141-mile Withlacoochee River, with a single family residence, and the possibility for 4 additional efficiency units with the expansion of the septic system. Within a 12-mile radius major arterial roadways include Interstate 75 in Wildwood, South Highway 475, and US Highway 41. Downtown Inverness is less than 10 miles away and just 13 miles from the newly developed Villages Community "Brownwood" and just 8 miles from future development as they expand over E Gulf To Lake Highway. Citrus County will be dramatically impacted once the construction of the $135 million Suncoast Parkway extension is to be completed in early 2022. This investment is only going to thrive with the growing community economy, contact us today!

Additional Details

Nearest MSA: Homosassa Springs
County: Citrus
Taxing Authority: Citrus County Tax Collector
Tax ID/APN: 21E19S08 4A000 0240
Zoning: CLRMH
Retail Clientele: General, Family, Business, Tourist
Property Located Between: S. Crabtree PT./S. Redbud TER
Property Visibility: Excellent
Largest Nearby Street: E. Gulf to Lake Hwy
Traffic/Vehicle Count: 14,000
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 1959
Roof Type: Flat
Construction/Siding: Concrete
Parking Type: Surface
Parking Description: Storefront unpaved parking
Air Conditioning: Evaporative Cooler
Zoning Description: Coastal Lakes Residential- Mobile Home Allowed
In Flood Plain?: Yes
Lot Frontage: 209'
Water Service: Municipal
Sewer Type: Municipal
Legal Description: COM AT SW COR OF RUTLAND ESTS UNIT 1, TH S 88 DEG 53M 10S W AL N R/W LN OF SR 44 295.4 FT, TH N 1 DEG 44M 50S E 238.07 F T TO POB, TH S 1 DEG 44M 50S W 238.07 FT TO SD LN, TH S

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 4,583 9,748
Median Age: 52.83 54.99
Households: 2,052 4,491


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