111 W Ruby St - Restaurant FOR SALE


Tavares, FL 32778
$2,999,500 USD
321-276-2727
111 W Ruby St, Tavares, FL for Sale
$2,999,500 USD
Restaurant - FOR SALE
1/22
null | 6% Cap Rate

111 W Ruby St
Tavares, FL 32778


HIGHLIGHTS

  • Prominent address in Downtown Tavares fronting Lake Dora waterfront.
  • Built in 2010 class A with modern construction and full-service restaurant design.
  • Large parcel with easy access and on-site parking options.

OVERVIEW

Freestanding commercial building and established waterfront restaurant located in Downtown Tavares on the north shore of beautiful Lake Dora. The downtown district is a bustling area which is very walkable and easily reachable by car approximately halfway between the City of Orlando and The Villages, the largest retirement community in the country. The restaurant occupies a coveted spot across the street from the lake, a large community park, and the Tavares Seaport, the seaplane base and recreational boating marina which inspired the restaurant’s concept and name. The restaurant is an expansive, two-story facility with an elevator encompassing over 6,470 square feet under air with an additional 2,082 square feet of covered patio space. Both levels feature separate kitchens, bars and dining areas, while the second floor also features a full banquet facility which is popular for family celebrations like birthdays, bridal showers, and weddings, as well as business events and fundraisers. The building exterior is a mixture of CBS with brick columns, metal roofs and canvas awnings.

FOR SALE DETAILS

PRICE

$2,999,500 USD

PRICE/SF

$350 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

33

LAND DETAILS

LAND ACRES

0.97 AC

LAND SF

42,202 SF

ZONING

PD

APN/PARCEL ID

29-19-26-0500-002-00A00

ASK ABOUT THIS PROPERTY

Frank FrisuauraCii AdvisorsMore Info
321-276-2727

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Frank FrisuauraCii AdvisorsMore Info
321-276-2727

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.