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Turnkey Restaurant Opportunity in Growing Edgewater, Florida - This is your chance to lease and operate a beautifully designed restaurant located directly on US Highway 1 in the vibrant and fast-growing community of Edgewater, Florida. With over 15, 500 annual average daily trips passing by this 2-acre property offers unmatched visibility in one of the area’s commercial corridors. The restaurant boasts a warm Florida-themed décor that creates a welcoming and relaxed atmosphere. It offers seating for over 300 guests, making it ideal for high-volume service. The interior includes a spacious dining area, a large central bar perfect for social gatherings and happy hours, and a private banquet room suitable for events, meetings, or large parties. Guests can also enjoy a serene outdoor dining area complete with a tranquil waterfall backdrop—perfect for elevating the dining experience. The property includes an equipped commercial kitchen with a variety of appliances, utensils and dishware making it ready for immediate operation. Large parking lot with 85 on-site parking spaces, customer convenience is built-in or room for larger outdoor events as well—a rare opportunity for such a prominent location. Directly across the street is one of the region’s most well-known boat manufacturers, which employs over 1, 000 people and generates consistent daytime traffic ideal for lunch and after-work crowds. Edgewater is a community on the rise, with over 5, 500 new residential units already approved or in planning stages. This restaurant is perfectly positioned to serve both the current population and the wave of new residents soon to arrive. The location is just 45-minutes from Kennedy Space Center and Port Canaveral Cruise Terminal generating a lot of traffic exposure for work commuters and tourist alike. Whether you’re looking to expand your brand or start a new venture in a high-growth area, this turnkey property offers the space, style, and strategic location to succeed. Don’t miss this exceptional opportunity to secure one of Edgewater’s premier hospitality properties.
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Our Executive Mortgage Banker:
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$144,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $115,200 | $115,200 | $115,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 5.875% | 5.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.112% | 6.520% | 5.415% |
| Monthly Tax Payment | $1,663 | $1,663 | $1,663 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $636 | $681 | $919 |
| Total Monthly Payment | $2,374 | $2,419 | $2,657 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.