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685 US Highway 1 3,474 SF Retail Building Vero Beach, FL 32962 $1,659,000 CAD ($477.55 CAD/SF)
EXECUTIVE SUMMARY
The building is 3,474 SF on US HWY 1, Vero Beach, FL, with a Traffic Volume 30,000 per day. Lessee Terms: 5 years with an option of 5 Years. With a 4% increase each year.
Situated at 685 US Highway #1 in Vero Beach, this renowned restaurant has been a culinary beacon for over fifty years. Established in 1973 as part of the "Fat Boys BBQ" chain, it has upheld a legacy of culinary distinction throughout the years. In 2007, with a change in ownership, it transitioned to "Smokehouse BBQ," preserving its dedication to being both family-friendly and a hub for business gatherings. Now known as "Caffe 66", it thrives under the guidance of an experienced operator.
Situated at 685 US Highway #1 in Vero Beach, this renowned restaurant has been a culinary beacon for over fifty years. Established in 1973 as part of the "Fat Boys BBQ" chain, it has upheld a legacy of culinary distinction throughout the years. In 2007, with a change in ownership, it transitioned to "Smokehouse BBQ," preserving its dedication to being both family-friendly and a hub for business gatherings. Now known as "Caffe 66", it thrives under the guidance of an experienced operator.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,474 SF
Building Class
C
Year Built
1974
Price
$1,659,000 CAD
Price Per SF
$477.55 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.45 AC
Zoning
CH - Heavy Commercial
Frontage
182’ on US HWY 1
AMENITIES
- Restaurant
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 33-39-13-00000-1000-00035.0 | Improvements Assessment | $405,197 CAD |
| Land Assessment | $218,699 CAD | Total Assessment | $623,895 CAD |
PROPERTY TAXES
Parcel Number
33-39-13-00000-1000-00035.0
Land Assessment
$218,699 CAD
Improvements Assessment
$405,197 CAD
Total Assessment
$623,895 CAD
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685 US Highway 1
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