724 S Patrick Drive, Satellite Beach, FL 32937

$1,300,000

Virtual Tour

https://www.propertypanorama.com/instaview/spc/1003335

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

Overview

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

Listing Details MLS# 1003335

General Property Information

Number Of Units Total: Yes
Bathrooms Total: 2
Building Area Total: 3725
Year Built: 2006
Water Body Access YN: No
List Price/SqFt: 348.99
Sold Price/SqFt: 348.99

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

Contract Information

Original List Price: 1995000
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

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

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

More Information

Unit 1 Details

Unit SqFt: 4830
# Units (This Type): Yes
Furnished: Furnished
Unit Remarks: None

Listing Office: Reach Commercial Real Estate

Last Updated: November - 02 - 2024

Information is deemed to be reliable, but is not guaranteed.