Search

11 S Lake Street, Crescent City, FL 32112

$1,100,000
Property Type: Commercial Sale Square Footage: 4,420 Lot Size (sq. ft.): 531,301,320 Status: Closed
Current Price: $1,100,000 List Date: 9/23/2019 Last Modified: 9/28/2024

Description

Huge price reduction for quick Sale. A true Florida Beach Themed Restaurant & Marina located on Crescent Lake. Popular to ALL the locals and visitors this tum-key Restaurant/Bar INCLUDES all real estate and structures, a 16 Slip Marina, 200-foot dock extends over the water opening onto a large Island Tiiki Bar and deeded water lot. This business has been successfully established for 18 years and has a full liquor license. We have well established staff and long-term employee history. Our main building has indoor restaurant seating plus attached screened & covered wrap around porch that provides seating totaling 220+. The porch includes gas heating and fans. Island Tiiki bar out over water at end of the 200-foot dock has an additional 40+ seating.

Supplements: A large Banana boat bar, colorful picnic tables and large wood lawn chairs and a wood deck floor in the back yard adds ample additional seating. Island ambiance emanates from permanently installed gas Tiiki torches near the shoreline bulk head. 3-Bananas provides a beach(y) ambiance with a fun vibe on the shore of beautiful Lake Crescent (which is navigable to the ocean via the St. Johns River). Crescent Lake (aka Lake Crescent) is one of the largest Florida lakes and is themed "Bass Capital of the World". Our lake straddles Putnam and Flagler counties in the "real Floridan with an imposing over 15,960 acres. We are immersed in a lovely southern-charm small town atmosphere with big-city earnings. A "Spare no expense" attitude has been invested in extensive promotion and advertising through the years that has made this restaurant "the place to be" within a 50-mile radius of our town. We are the hub for this community and a "Must Visit" destination for vacationing snowbirds and those just simply desiring a day-trip from neighboring areas like St. Augustine, Palm Coast and Daytona Beach to name a few. The colorful whimsical 3-Bananas Logo is fully trademarked. QUICK DETAILED INFORMATION: INVENTORY and ALL REAL ESTATE INCLUDED IN THE SELLING PRICE. FACILITIES: Established staff, adequate parking, gas fire place, gas tiki torches, 3 AC units, Stainless Steel kitchen with all appliances in good condition. A very large walk in cooler located on the second parcel incorporates extra storage. The restaurant building includes an upstairs banquet area with lake view. Possible conversion into additional seating or owners/managers quarters. Separate private office, secure liquor room & inventory storage room. Trademarked Logo 3-Bananas, website, promotional materials included in sale. Also, comes with 2 parcels including 13 Lake St

More Information MLS# 1062496

General Property Information

Lot Size Acres: 12197 Association YN: No Water Body Access YN: No Waterfront YN: Yes Directions: SR 17 north to Central Ave take right until you hit the water. Public Remarks: Huge price reduction for quick Sale. A true Florida Beach Themed Restaurant & Marina located on Crescent Lake. Popular to ALL the locals and visitors this tum-key Restaurant/Bar INCLUDES all real estate and structures, a 16 Slip Marina, 200-foot dock extends over the water opening onto a large Island Tiiki Bar and deeded water lot. This business has been successfully established for 18 years and has a full liquor license. We have well established staff and long-term employee history. Our main building has indoor restaurant seating plus attached screened & covered wrap around porch that provides seating totaling 220+. The porch includes gas heating and fans. Island Tiiki bar out over water at end of the 200-foot dock has an additional 40+ seating. Building Area Total: 4420 List Price/SqFt: 294.12 Sold Price/SqFt: 248.87 Year Built: 1946

Location, Tax, and Legal

Country: US Parcel Number: 30-12-28-1750-0180-0010 Tax Annual Amount: 4919 Tax Year: 2018 Tax Legal Description: CRESCENT CITY MB2 P30 BLK 18, LOT 1 & N 2FT OF LOT 2 Zoning Description: Retail

Currently Not Used

Year Built: 1946

Status Change Information

Contingent Date: 2020-02-10 Major Change Timestamp: 2020-02-28T20:21:07Z Major Change Type: Status Change Price Change Timestamp: 2019-12-18T02:58:42Z Purchase Contract Date: 2020-02-10 Close Date: 2020-02-28 Close Price: 1100000

Construction Materials

Frame: 1

Cooling

Central Air: 1

Current Use

Retail: 1

Electric

200+ Amp Service: 1 220 Volts: 1

Heating

Central: 1

Listing Terms

Other: 1

Road Frontage Type

County Road: 1 State Road: 1

Roof

Metal: 1

Sewer

Public Sewer: 1

Utilities

Separate Electric Meters: 1 Separate Water Meters: 1

Water Source

Public: 1

Building Features

Ceiling Eve Height: 7 - 10 Feet High Kitchen Facilities: 1 Maximum Ceiling Height: 10

Business Type

Bar/Tavern/Lounge: 1 Commercial: 1 Professional/Office: 1 Restaurant: 1 Retail: 1

Sale Includes

Building & Land: 1

Historical Information

Public Historical Remarks 1: Zoning (Text): GC-1; Included in Sale: Business Name, Good Will, License, Signs - Leased; Meters: # Electric Meters: 1, # Water Meters: 1; Parking: Lighted; SqFt - Total: 4420.00; Site Improvements: Outbuilding, Waterview; Confidential Listing: Yes; % Occupancy: 100.00; Commercial Property Name: Waterfront/Restauran; Financial Package: Yes; Franchise Opt In: No; Current # Tenant: 1.0000

Contract Information

Current Price: $1,100,000 Sold Price: $1,100,000 Status: Closed Listing Contract Date: 2019-09-23 Property Sub Type: Business

Location Tax and Legal

Street Number: 11 Street Direction Prefix: S Street Name: Lake Street Suffix: Street County: Putnam State: FL Postal Code: 32112 MLS Area Major: 99 - Other

Property Features

Building Features: Kitchen Facilities Business Type: Bar/Tavern/Lounge; Commercial; Professional/Office; Restaurant; Retail Construction Materials: Frame Cooling: Central Air Current Use: Retail Electric: 200+ Amp Service; 220 Volts Heating: Central Listing Terms: Other Road Frontage Type: County Road; State Road Roof: Metal Sale Includes: Building & Land Sewer: Public Sewer Utilities: Separate Electric Meters; Separate Water Meters Water Source: Public
Listing Office: Adams, Cameron & Co., Realtors (Commercial)
Last Updated: September - 28 - 2024
Information deemed reliable but not guaranteed.

Compare listings

Compare