Remarks

EXTRAORDINARY RENOVATED RESTAURANT & BAR OPPORTUNITY! This historic and uniquely Key West indoor/outdoor restaurant and bar is in an ideal location in the heart of world-famous Duval Street. OWNERS NOW willing to negotiate a Lease/Purchase alternative (min 5 years) with only 20% key-money up front plus market rent for turn-key use of fully equipped kitchen and all restaurant/bar FF&E! The current owners, sadly forced to sell due to personal health issues, have renovated the entire space and completed the long and grueling approval process that increased seating capacity and added significant value. The property, 2,695 SF of air-conditioned interior space with an additional 2,697 SF of usable shaded outdoor space, much of it covered, sits on a 4,470 SF tropically landscaped lot. The building has been transformed from the previous iconic French bakery, which was authorized for 71 seats and with only a beer and wine license, to a full service, all on one level, 128-seat destination restaurant, now with a 5COP Liquor License and full bar overlooking the electric energy of Duval Street. The renovation, led by one of Key West's top architects and accomplished by one of Key West's finest contractors, addressed all the major structural and maintenance issues and the result is simply stunning. The huge commercial kitchen is fully equipped and can easily service the 128 seats plus additional catering. All of the new tables, chairs, fixtures, equipment, professional landscaping, and lighting will convey with the sale. The current business and ''Bangkok Happy Bowl'' name, however, will NOT convey. This is an incredible 'turn-key' opportunity as a new owner could begin serving cocktails and food the moment they walk away from the closing table! A full inventory and equipment list will be provided to qualified buyers.

Details

MLS#: 612534
Price: $5,199,000

Style: Restaurant,Bar
Bedrooms: 0
Baths Full: 1
Baths Half: 2
Year Built: 1928

County: Monroe
Subdivision: Old Town - Unlisted (1.0)
Lot Size: 47x90
Tax Fee: 12866.23