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3985 RAVENSWOODS ROAD

Commercial Recently Sold
$1,842,750

BTC: 29.24611444

ETH: 597.41097596

Sold on: 2022-12-09
74 days
0 room(s)
7,330 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

BACK ON THE MARKET! Owner Financing is available up to 50% with 2 years of interest only. Rentals will pay for the mortgage. DON'T MISS THIS OPPORTUNITY! For sale Real Estate and Business included. Zoning: 12 - Mixed use - store / office / residential combination / Retail / Bar / Restaurant. Ideal location is right on I-95, where Key West meets Ft. Lauderdale. Excellent opportunity to continue the Iconic 47 years long -second generation- operated and established landmark "Flossie” business (since 1982). The previous owners just retired, making thousands of customers excited to continue the adventure with new ownership. This turnkey business, "Flossie’s Bar & Grill,” has always been a thriving operation with gross yearly revenue of above $1,000,000.00 on operation only. Additionally, the second floor has 3 vast apartments, all leased. Please call the listing agent for details. The first floor for commercial use is now vacant, but a long-term commercial lease is possible with potential prospects desiring to extend Flossie’s legacy. This floor includes the bar/restaurant space, the kitchen, an office room, 3 bathrooms, an indoor big storage room with coolers and a cooling room, and an outside storage unit. For owner users, large uses are available from Retail to Bar/Restaurant opening a wide range of business opportunities. You can create your new concept or decide to use the “Flossie’s Bar & Grill” trademark. Available Facebook page with about 10,000 fans, many being past customers. For investors, this place is ideally placed nearby the marina, in front of the airport. Ideal investment for long-term commercial lease on floor 1 and residential rents on the second floor with great cap rate. This 7,330 Sqft building is in good condition, enjoying a patio of above 1,000 sqft. The capacity for the restaurant is 120 persons; 2 Cop Licence Beer and Wine is possible. The roof is new and insured. The big parking 35 (minimum) space sits inside an 18,899 sqft lot. This vast building is connected to City water, close to I95, several Marinas, and right in front of Ft Lauderdale airport, storage facilities, and nearby famous seafood restaurants. All equipment, coolers, tables, game chairs, websites, brands, and fixtures convey.

Location

Facts and features

Type:
Commercial Sale
Parking:
No Data
Year Built:
1978
Lot:
0.43 Acres
Heating:
Central
Price/sqft:
$258
Cooling:
Central Air
HOA:
No Data
All facts and features
  • Flooring

    • Concrete

    • Linoleum

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Dryer

    • Microwave

    • Refrigerator

    • Washer

  • Property

    • Levels: Two

    Lot

    • Lot: 0.43 Acres

    Other Property Information

    • Parcel Number: 504229110030

    • Zoning: 21

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Retail

  • Utility

    • BB/HS Internet Capable

    • Electricity Available

    • Emergency Power

    • Phone Available

    • Public

    • Water Connected

  • Other financial information

    • Annual tax amount: $21,597

  • Source details

    • MLS ID: O6052868

    Other facts

    • Construction Materials: Block / Cement Siding / Concrete / Stone / Stucco

    • Foundation Details: Stem Wall

    • Lot Features: Central Business District / City Lot / Industrial Park / Interior Lot / Near Railroad Siding / Oversized Lot / Street Lights

    • Direction Faces: East

    • Other Structures: Containers / Maintenance / Storage

    • Living Area: 7330

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: EXP REALTY LLC