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    163 E Gulf Beach Dr

    ST. GEORGE ISLAND, FL 32328
    • $795,000
    • STATUS: Active
    • ON SITE: 41 days
    • MLS #: 307049
    UPDATED: 41 min ago
    $795,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,140
      SQFT
    • $192
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    2001

    School Ratings & Info

    Description

    This building combines both residential condo upstairs, and SUBWAY restaurant downstairs. Each floor is 2080 sq. ft.. Seller is the SUBWAY franchisee and RE agent. I bought the building, because the first LL was trying to sell the building to a person who wanted to force SUBWAY out. This sale will feature an indefinite SUBWAY lease with monthly rent designed to pay off a 20 year mortgage, assuming 20% down payment. We decided to rent the upstairs condo as a VRBO and are making a lot of money. Our first year of business was 2020 and we skipped 3 months due to start-up and Covid, but still grossed $24,000 for our first year. We started with low prices to attract a lot of customers, hopefully repeat customers. Our rating is a 4.9/5.0 with many saying they would come back. Our prices are higher and we are budgeting for $35,000 gross.

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    © 2021 Realtors Association of Franklin and Gulf Counties. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Anchor Realty Florida. Data last updated: 2021-04-12T21:42:32.373.
    www.stgeorgeislandanchor.com/homes/114611199
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    163 E Gulf Beach Dr ST. GEORGE ISLAND, FL 32328

    • Price: $795,000
    • Status: Active
    • Updated: 41 min ago
    • MLS #: 307049
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    4,140
    SQFT
    $192
    $/SQFT
    2001
    Built
    Neighborhood:
    No Named Subdivision
    Area:
    St. George Island
    Property Description
    This building combines both residential condo upstairs, and SUBWAY restaurant downstairs. Each floor is 2080 sq. ft.. Seller is the SUBWAY franchisee and RE agent. I bought the building, because the first LL was trying to sell the building to a person who wanted to force SUBWAY out. This sale will feature an indefinite SUBWAY lease with monthly rent designed to pay off a 20 year mortgage, assuming 20% down payment. We decided to rent the upstairs condo as a VRBO and are making a lot of money. Our first year of business was 2020 and we skipped 3 months due to start-up and Covid, but still grossed $24,000 for our first year. We started with low prices to attract a lot of customers, hopefully repeat customers. Our rating is a 4.9/5.0 with many saying they would come back. Our prices are higher and we are budgeting for $35,000 gross.
    Exterior Features

    Construction Vinyl Siding

    Interior Features

    Cooling Hvac Exclusions The Subway Business is Owned Separately. Floor Tile Furnished Negotiable Inclusions All Condo Furniture is Negotiable. Sqft Heated Cooled 4140 Sqft Office 70 Sqft Work Area 2000

    Property Features

    Agent Owned Yes Association Fee No Bus Property Kitchen AreaSeating Up To 199Freestanding Building Construction Status Construction Complete Energy Ceiling Fan Financing Terms Lease Back Flood Insurance Required No Fractional Ownership No List Class CommercialAttached Single FamilyCommercial CondominiumBar/RestaurantResidential IncomeCondominium Property Type Real Estate & Business Sale Subject To Lease No Sale Type See Remarks Sewer Aerobic Septic Site Features Corner Location Trade Considered No Utilities Electricity AvailablePhone AvailableWater AvailableElectricity ConnectedPhone ConnectedWater ConnectedSewer Not AvailableInternet Available Water Private Water Front YN No Water View YN No Zoning Type Mixed Use

    Listing information © 2021 Realtors Association of Franklin and Gulf Counties.
    Listing provided courtesy of Reciprocal Office.


    © 2021 Realtors Association of Franklin and Gulf Counties. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Anchor Realty Florida. Data last updated: 2021-04-12T21:42:32.373.
     
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    Anchor Realty Florida
    P.O. Box 250
    Apalachicola FL, 32329