685 US Highway 1
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685 US Highway 1
3,474 SF Retail Building Vero Beach, FL 32962 $1,685,616 CAD ($485 CAD/SF)
Executive Summary
The building is 3,474 SF on US HWY 1, Vero Beach, FL, with a Traffic Volume 30,000 per day. Lessee Terms: 5 years with an option of 5 Years. With a 4% increase each year.
Situated at 685 US Highway #1 in Vero Beach, this renowned restaurant has been a culinary beacon for over fifty years. Established in 1973 as part of the "Fat Boys BBQ" chain, it has upheld a legacy of culinary distinction throughout the years. In 2007, with a change in ownership, it transitioned to "Smokehouse BBQ," preserving its dedication to being both family-friendly and a hub for business gatherings. Now known as "Caffe 66", it thrives under the guidance of an experienced operator.
Situated at 685 US Highway #1 in Vero Beach, this renowned restaurant has been a culinary beacon for over fifty years. Established in 1973 as part of the "Fat Boys BBQ" chain, it has upheld a legacy of culinary distinction throughout the years. In 2007, with a change in ownership, it transitioned to "Smokehouse BBQ," preserving its dedication to being both family-friendly and a hub for business gatherings. Now known as "Caffe 66", it thrives under the guidance of an experienced operator.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,474 SF
Building Class
C
Year Built
1974
Price
$1,685,616 CAD
Price Per SF
$485 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Land Acres
0.45 AC
Zoning
CH - Heavy Commercial
Frontage
182 ft on US HWY 1
Amenities
- Restaurant
PROPERTY TAXES
Parcel Number | 33-39-13-00000-1000-00035.0 | Improvements Assessment | $431,991 CAD |
Land Assessment | $219,760 CAD | Total Assessment | $651,751 CAD |
PROPERTY TAXES
Parcel Number
33-39-13-00000-1000-00035.0
Land Assessment
$219,760 CAD
Improvements Assessment
$431,991 CAD
Total Assessment
$651,751 CAD
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685 US Highway 1
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