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Restaurant 104 S US Highway 41 3,266 SF Retail Building Inverness, FL 34450 $1,953,280 CAD ($598.06 CAD/SF) 3.86% Cap Rate



EXECUTIVE SUMMARY
This is your chance to own a thriving restaurant in the heart of historic Inverness, FL! Located on busy Highway 41, just one block from Courthouse Square, this well-established business has been a community staple for 17 years. Surrounded by the government center, courthouse, and numerous local businesses, this high-visibility location is perfect for attracting steady foot traffic. Key Features include: Spacious Seating: Accommodates up to 94 guests. Ample Parking: Convenient access for patrons. Fully Equipped Kitchen: Includes 3-door freezer, 3-door refrigerator, walk-in cooler, 6-burner stove, 2 deep fryers, double convection oven, and a 5' flat top grill and much more—ready for seamless operations. Functional Layout: Separate office, two bathrooms, front staff prep area, and lobby provide excellent workflow and customer experience. Unique Addition: Upstairs apartment with bathroom, currently accessible by ladder, offering potential for live-in staff or extra income. This property offers an excellent combination of character, functionality, and history, making it a rare gem in the bustling business district. Financial documents, including an asset list, balance sheets, and income statements, are available upon request. Seize this opportunity to make your mark on a restaurant that has been cherished by the Inverness, FL community. Contact us today for more details or to schedule a private showing.
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Building Size
3,266 SF
Building Class
B
Year Built/Renovated
1948/2016
Price
$1,953,280 CAD
Price Per SF
$598.06 CAD
Cap Rate
3.86%
NOI
$75,341 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.28
Lot Size
0.27 AC
Zoning
CBD - Commercial C1
Parking
48 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
125’ on S Highway 41
AMENITIES
- Corner Lot
- Pylon Sign
- Restaurant
- Smoke Detector
ABOUT 104 S US HIGHWAY 41 , INVERNESS, FL 34450
Completely Remodeled Updated Kitchen, Bathrooms,
Bike Score®
Very Bikeable (72)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 20E-19S-17-0050-01020-0130 | Improvements Assessment | $235,632 CAD (2024) |
| Land Assessment | $245,532 CAD (2024) | Total Assessment | $481,165 CAD (2024) |
PROPERTY TAXES
Parcel Number
20E-19S-17-0050-01020-0130
Land Assessment
$245,532 CAD (2024)
Improvements Assessment
$235,632 CAD (2024)
Total Assessment
$481,165 CAD (2024)
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Restaurant | 104 S US Highway 41
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