Victory Lane Cafe

Fort Myers, FL (Lee County)

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Asking Price: $985,000

Gross Revenue: $105,875

Price/Sq. Ft.: $237.78

NOI: $87,866

Building SF: 4,160

FF&E: N/A

Year Built: 1985

Victory Lane Cafe

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Property Description

Popular Family Restaurant with 18 year history of stable management. This high-visibility free-standing establishment is Profitable year-over-year, with full-time regulars and, and seasonal 'snow-birds' alike. Dedicated staff with years of steady employment. A full service Point-of-Sale system is in place and completely up to date. A proper bandstand (stage, actually) is perfectly suited for karaoke, DJ and/or live bands. Ample parking on-site with overflow in adjacent (deeded) shared shopping plaza. Owners seek to retire and exercise a 1031 like-kind exchange if at all possible.

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Detailed Information

Location:
Fort Myers, FL
Type:
Retail
Building SF:
4,160
Building Status:
Established
Facilities:
Victory Lane Cafe is offered as a Going Concern, and can be acquired with no interruption in business. Seller will stay on at no charge to ensure that new owner can make a smooth transition. Walk-in Cooler and Walk-in Freezer along with the upstairs office suite add approximately 1,000 s.f. to usable floor area.
Current Property Expenses:
18000
Location Description:
one lot West of the busy Hancock Bridge Parkway / Orange Grove Blvd. signalized intersection with over 27,000 trips per day. Property extends to Orange Grove Boulevard (with curb-cut access) where revenue producing billboard is situated.
Current and Prior Use:
While currently a farm themed full service restaurant and bar, the building was originally a Firestone automotive service center. It is of robust construction and attractively designed. The conversion to its current use was thoughtfully engineered and the result is a most pleasing (and popular) dining spot.
Business Website:
http://www.victorylanecafe.com/
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Ronald J. Welebny, CCIM

Property Listed By:
Ron Welebny

Commercial Realty Associates

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