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Property Address

4475 MADISON STREET, New Port Richey, FL  34652

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Property Details

Status
Active
Type
Commercial
Year Built
2010
Heating
Central
Cooling
Central Air
Approx Sq. Feet
2,655
Lot Size
208 X 147
Acreage
0.6
Est. Taxes
$4,954
Property Type
Business
Zoning
C2
Parking
Over 30 Spaces
Construction
Block, Stone, Stucco
Utilities
Electricity Available, Gas, Phone Available, Public
Days on Market
415 days
MLS#
W7801007

Price History

6/22/2018 - $1,199,000
5/7/2018 - $1,400,000

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Robert Reade
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Reduced Price!

Original: $1,400,000

Reduction: 14.36%

$1,199,000

4475 MADISON STREET, New Port Richey, FL, Florida 34652. "Exceptional Destination Restaurant" and Real-estate for Sale:
This beautifully designed upscale Breakfast and lunch destination restaurant is located in the up-and-coming Tampa Bay Market. The stand alone building is nestled in a wonderful community which supports local businesses. Surrounded by retail, legal, medical offices, residential communities and churches. Your customer base is solid and a 216 acre track just blocks away is slated for new home development. The Restaurant was constructed in 2009, with an immaculate large kitchen. The original/current owners and operators of this successful, turn-key restaurant, have kept this gem extremely profitable for the past eight (8) years.
With capacity for 104 guests, this establishment has the opportunity to expand from breakfast and lunch to easily support a dinner service for a phenomenal return on investment. Annual gross sales over $600K (with a potential of greater than $1.2M) Cash flow over $200k (with a potential of greater than $400k) Only pre-approved buyers with proof of funds to set up showings of this profitable establishment at $1.4M for the business, contents, property and building.

 
 

Listing courtesy of RE/MAX ADVANTAGE REALTY