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28

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$1,199,999
● Commercial - For Sale

Undisclosed Address

bedrooms
Studio
bathrooms
0 Bath
square feet
3,582 Ft²
$6,227
Est. Monthly

About This Property

Well-established Italian Restaurant a local landmark, since 1987. The owner is retiring due to health reasons, and the sale includes the business, equipment, inventory, and real estate. The restaurant offers seating for 65 {indoor & outdoor dining}, along with parking for 30 cars. The 3,582 square feet standalone building includes approximately 1,200 square feet of living area on the second floor that can be used for extra income or storage. Recently remodeled with new roof, two new a/cs, new paint (inside & outside), and more. Located on a busy State Highway, a major travel route between Gainesville and Jacksonville, the site offers great visibility and lots of opportunity. Additional details available upon request.
Unit Size
3,582 Ft²
Days on Market
149 days
Land Size
0.53 acres
Price per sqft
$335
Property Type
Commercial
Property Taxes
$334
HOA Dues
-
Year Built
-

Listed By

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 5 months ago (Stellar MLS #GC539988)

Price History

Date / Event Date Event Price
May 1, 2026 Listed by CB ISAAC REALTY $1,199,999
Listed by CB ISAAC REALTY

Property Highlights

Air Conditioning
Exterior Details
Square Footage: 3582
Square Footage Source: $0
Property Condition: Completed
Year Built: 1950
Building Area Total: 3582
Building Area Units: Square Feet
Construction Materials: Other
Lot Size Area: 23087
Lot Size Units: Square Feet
Lot Size Acres: 0.53
Lot Size Square Feet: 23087
Financial Details
Tax Annual Amount: $4,007
Utilities Details
Cooling Type: Central Air

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By

Similar Homes for Sale

Currently no similar homes around
STELLAR

Listed by: Ronald Blake
CB ISAAC REALTY
Last Updated: 5 months ago
Data Source: Stellar MLS, MLS# GC539988
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
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