724 S Patrick Drive, Satellite Beach, FL 32937
$1,300,000
Property Type:
Commercial Sale
Baths:
2
Square Footage:
3,725
Status:
Closed
Current Price:
$1,300,000
List Date:
6/04/2024
Last Modified:
11/02/2024
Description
Second Generation beachside restaurant in the heart of Satellite Beach. This highly visible, free standing building has been home to a beloved local eatery for decades, known for its outstanding food, lively atmosphere, and old Florida charm. The spacious indoor dining room seats approximately 150.
This area draws consistent crowds of locals and tourists alike, with average annual household incomes over $126K. The median age is 48 years old in this community filled with young families and active, affluent retirees.
The location is 1.3 miles from the South Gate of Patrick Space Force Base, with averages over 17,000 vehicles daily on South Patrick Drive. With the beach, parks, and schools blocks away, this restaurant benefits tremendously not only from the immense amount of drive-by and foot traffic out front, but also from the countless events hosted year-round in the neighborhood.
The large, fully operational kitchen is equipped to handle high volume with plentiful storage
More Information MLS# 1003335
Location, Tax, and Legal
Tax Account: 2609030
Parcel Number: 26-37-27-00-00008.0-0000.00
Tax Annual Amount: 12088
Tax Year: 2023
Tax Legal Description: WEST 303.05 FT OF E 353.05 OF S 150 FT OF SE 1/4 OF NE 1/4 AS DESC IN ORB 4019 PG 1086 PAR 15
Directions: South Patrick north to 724. 1.3 miles south of Pineda.
General Property Information
Number Of Units Total: 1
Building Area Total: 3725
Water Body Access YN: No
List Price/SqFt: 348.99
Sold Price/SqFt: 348.99
Bathrooms Total: 2
Year Built: 2006
Remarks and Miscellaneous
Public Remarks: Second Generation beachside restaurant in the heart of Satellite Beach. This highly visible, free standing building has been home to a beloved local eatery for decades, known for its outstanding food, lively atmosphere, and old Florida charm. The spacious indoor dining room seats approximately 150.
This area draws consistent crowds of locals and tourists alike, with average annual household incomes over $126K. The median age is 48 years old in this community filled with young families and active, affluent retirees.
The location is 1.3 miles from the South Gate of Patrick Space Force Base, with averages over 17,000 vehicles daily on South Patrick Drive. With the beach, parks, and schools blocks away, this restaurant benefits tremendously not only from the immense amount of drive-by and foot traffic out front, but also from the countless events hosted year-round in the neighborhood.
The large, fully operational kitchen is equipped to handle high volume with plentiful storage
Construction Materials
Concrete: 1
Lot Features
Other: 1
Parking Features
Parking Lot: 1
Sewer
Public Sewer: 1
Unit 1 Details
Unit ID: 0
Annual Rent: 0
Unit SqFt: 4830
# Units (This Type): 1
Baths Total: 2
Furnished: Furnished
Unit Remarks: None
Water Source
Public: 1
Sale Includes
Building & Land: 1
Business with Real Estate: 1
Contract Information
Current Price: $1,300,000
Original List Price: 1995000
Sold Price: $1,300,000
Status: Closed
Listing Contract Date: 2024-01-29
Property Sub Type: Retail
Location Tax and Legal
Street Number: 724
Street Direction Prefix: S
Street Name: Patrick
Street Suffix: Drive
County: Brevard
State: FL
Postal Code: 32937
MLS Area Major: 381 - N Satellite Beach
Status Change Information
Major Change Timestamp: 2024-10-15T20:03:38Z
Major Change Type: Status Change
Price Change Timestamp: 2024-06-04T00:43:51Z
Status Change Timestamp: 2024-10-15
Purchase Contract Date: 2024-07-15
Close Date: 2024-10-04
Close Price: 1300000
Property Features
Construction Materials: Concrete
Lot Features: Other
Parking Features: Parking Lot
Sale Includes: Building & Land; Business with Real Estate
Sewer: Public Sewer
Water Source: Public
Listing Office:
Reach Commercial Real Estate
Last Updated: November - 02 - 2024
Information is deemed to be reliable, but is not guaranteed.