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Turn-key Restaurant with Real Estate 49XX Babcock St NE 5,202 SF Retail Building Palm Bay, FL 32905 $2,086,900 CAD ($401.17 CAD/SF)

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INVESTMENT HIGHLIGHTS

  • Turn-key restaurant & catering business
  • Frontage on major traffic corridor - 33,000+ vehicles per day
  • Long-term, reliable staff
  • Includes Real Estate - 5202 SF building on 1.2 acres
  • 12-year history at this location
  • Includes all equipment and furnishings

EXECUTIVE SUMMARY

5202 SF operational restaurant on 1.2 acres. 250 feet of frontage on a major traffic corridor with 33,000+ vehicles per day. 76 parking spaces with easy access in and out. Seating capacity of 194 in the main dining room, plus an additional 60 in a separate banquet room. Very reliable and loyal staff. Fully furnished with all cooking equipment, coolers, catering trucks, smoker trailer, restaurant furniture, and fixtures.
This is a very strong retail corridor, with 50,000 people who live within a 3 mile radius.
Palm Bay is perfectly located on Florida's east central coast, midway between Jacksonville and Miami. Off of I-95 take exits 173 and 176. Palm Bay is close to Melbourne and Orlando International Airports and Port Canaveral.
Many quality of life choices including employment opportunities from entrepreneurial family owned enterprises through a growing base of mid and large size technology and manufacturing companies.
Education opportunities include 18 public and private K through Grade 12 schools. Eastern Florida State College's four campuses are spread across Brevard County's more than 70-mile-long expanse on Florida's east coast, offering convenient access to higher education for all. Palm Bay Campus is situated on attractive Lake Titan in the fastest growing and most culturally diverse community in Brevard County.
Recreational activities include 29 city parks which include paintball and skateboarding, an aquatic center, a 200 acre regional park, two public / private golf courses, Turkey Creek Sanctuary, and nearby are the beaches!
Please contact broker for access to confidential information.

DATA ROOM Click Here to Access

PROPERTY FACTS

Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,202 SF
Building Class
C
Year Built
1982
Price
$2,086,900 CAD
Price Per SF
$401.17 CAD
Business Value
$593,266 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.21 AC
Zoning
CC - Community Commercial (Palm Bay)
Parking
76 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
237’ on Babcock Street Northeast

AMENITIES

  • Restaurant
  • Security System
  • Monument Signage

ABOUT 49XX BABCOCK ST NE , PALM BAY, FL 32905

1.21 acres of prime retail property in Palm Bay, FL, with 250 feet of direct frontage on a major corridor, carrying over 33,000 vehicles per day. Easy access in and out. Over 50,000 people live within a 3 mile radius. Palm Bay is perfectly located on Florida's east central coast, midway between Jacksonville and Miami. Off of I-95 take exits 173 and 176. Palm Bay is close to Melbourne and Orlando International Airports and Port Canaveral. Many quality of life choices including employment opportunities from entrepreneurial family owned enterprises through a growing base of mid and large size technology and manufacturing companies. Education opportunities include 18 public and private K through Grade 12 schools. Eastern Florida State College's four campuses are spread across Brevard County's more than 70-mile-long expanse on Florida's east coast, offering convenient access to higher education for all. Palm Bay Campus is situated on attractive Lake Titan in the fastest growing and most culturally diverse community in Brevard County. Recreational activities include 29 city parks which include paintball and skateboarding, an aquatic center, a 200 acre regional park, two public / private golf courses, Turkey Creek Sanctuary, and nearby are the beaches!

NEARBY MAJOR RETAILERS

Checkers
Bank of America
Truist Bank
Club Pilates
Publix
Bubbakoo's Burritos
Chili's Grill & Bar
Applebee's
Carrabba's Italian Grill
Rent-a-center

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
28-37-21-75-01694.0-0010.00
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,103,826 CAD
  • Listing ID: 21886886

  • Date on Market: 2021-01-03

  • Last Updated:

  • Address: 49XX Babcock St NE, Palm Bay, FL 32905

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