12 SW 1ST AVE Active Save Request In-Person Tour Request Virtual Tour
Gainesville,FL 32601
Key Details
Property Type Commercial
Sub Type Restaurant
Listing Status Active
Purchase Type For Sale
Square Footage 4,620 sqft
Price per Sqft $20
MLS Listing ID GC523815
HOA Y/N No
Originating Board Stellar MLS
Year Built 1900
Annual Tax Amount $10,117
Lot Size 4,791 Sqft
Acres 0.11
Property Description
Paramount Grill presents an excellent opportunity for a new owner to take over a well-established restaurant with a solid reputation and strong financial performance. Whether you're an experienced restaurateur looking to expand your portfolio or an entrepreneur entering the hospitality industry, this turnkey operation offers a compelling investment in a sought-after location. Serious inquiries are encouraged to explore this rare chance to acquire Paramount Grill and continue its legacy of culinary excellence and profitability. For further details or to schedule a viewing, please contact us today.
Key Features:
Seating Capacity: Accommodates 78 guests comfortably.
Location: Enjoy a prominent position with a full sidewalk frontage, ideal for attracting foot traffic.
Liquor License: Fully licensed for wine and beer service, enhancing the dining experience.
Established Tenure: Successfully operated for 4 years under current ownership.
Lease Details: Monthly rent of $3,737 includes sales tax, with property taxes covered by the landlord.
Insurance Responsibilities: Interior insurance expenses managed by the chef, while building insurance is covered by the landlord.
Size: Spans 2,800 square feet, providing ample space for dining and kitchen operations.
Financial Performance: Boasts a robust gross annual sales figure of $1.4 million, translating to a net income of approximately $4,000 per month.
Location
State FL
County Alachua
Zoning CCD
Interior
Cooling Central Air
Exterior
Waterfront false
Building
Story 1
Foundation Block
Lot Size Range 0 to less than 1/4
New Construction false
Others
Ownership Other
Special Listing Condition None