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12XXX W Atlantic Boulevard, Coral Springs, FL 33071

$165,000

Virtual Tour

https://www.propertypanorama.com/instaview/mia/A11535142

Property Type: Business Opportunity Square Footage: 10,714 Status: Active

Current Price: $165,000 List Date: 2/18/2024 Last Modified: 5/04/2026

Overview

Description

Step inside to a turn key restaurant opportunity! Hood, grease trap included in the sale. Restaurant has been open for the past 6 years, grosses close to 490k per year, only operating from 8-4pm, plenty of room for expansion! Nets over 75k per year with minimal over head costs, lease is only $3,200, 1,300 sq ft. 2COP can be placed. Willing to provide financials upon proof of funds and NDA. Perfect for an EB2 visa/foreign investors. Over 500+ residences coming to the area with Modera’s new housing development, grab this price while you can. Sister restaurant is also for sale with very similar financials/gross revenue. Showings can be any day, after 4:30pm. Currently open, please respect employees and do not discuss sale of establishment.

Listing Details MLS# A11535142

General Property Information

Building Area Main: 10714
Occupied Area: 1300
Year Built: 2005

Property Features

Business Type: Bar/Tavern/Lounge; Food & Beverage; Restaurant; Retail Lease Term Remaining: Month To Month; Options Available Sale Includes: Business; Other Special Licenses: City License; Professional; Other Source Of Expenses: Books Listing Terms: Cash; Cryptocurrency; Owner Will Carry Structure Type: Retail

Contract Information

Comp Sale YN: No
Original List Price: 199999

Location and Legal

Country: United States
County Or Parish: Broward
County Parish Name: Broward
Street Number: 12XXX
Street Direction Prefix: W
Street Name: Atlantic
Street Suffix: Boulevard
City Name: Coral Springs
State Or Province: FL
Postal Code: 33071
Postal Code +4: 4086
Area: 3628
Geographic Area: NW41 - North Broward 441 To Everglades (3611-3642)
Parcel Number: 484131040010
Subdivision Number: 4
Zoning: B-2
Flood Zone: X
Directions: Please text listing agents for the name of the establishment/location in plaza.

Financial Information

Tax Annual Amount: 4000
Tax Year: 2020
Tax Legal Description: WEST GLEN SQUARE 132-3 B PORTION PARCEL A DESC AS COMM AT SE COR PAR A,N 328.65,NLY ARC DIST 191.93 TO POB,NW 230,NE 215.35,SE 41.56,ELY ARC

Status Change Information

Major Change Timestamp: 2024-04-26T22:56:52Z
Major Change Type: Price Reduced
Price Change Timestamp: 2024-04-26T22:56:52Z
Status Change Date: 2024-02-17

More Information

Building and Property Details

% Air Conditioned: Yes
Maximum Occupancy: 35

Business Details

Total Employees: 4
Year Established: 2020
Years Current Owner: 4

Income and Expenses

Gross Income: 430000
Gross Rent: 3200
Inc/Exp Statement Period: Yes
Insurance Expense: 233
Inventory Value: 90000
Net Operating Income: 75000

Section Details

Parcel Number MLX: 0010

Originating Details

Originating System Key: 392081233
Originating System ID: M00000151

Currently Not Used

Year Built: 2005

Office/Member Information

DXORIGMLSID: SEF

Structure Type

Retail: Yes

Business Type

Bar/Tavern/Lounge: Yes
Food & Beverage: Yes
Restaurant: Yes
Retail: Yes

Sale Includes

Business: Yes
Other: Yes

Special Licenses

City License: Yes
Professional: Yes
Other: Yes

Listing Terms

Cash: Yes
Cryptocurrency: Yes
Owner Will Carry: Yes

Lease Term Remaining

Month To Month: Yes
Options Available: Yes

Source Of Expenses

Books: Yes

Listing Office: Real Estate Sales Force

Last Updated: May - 04 - 2026

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