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4531 Griffin Road

Davie, FL 33314
  • $1,200,000
  • STATUS: Active
  • ON SITE: 429 Days
  • MLS #: RX-10748532
UPDATED: 66 min ago
$1,200,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,838
    SQFT
  • $653
    $/SQFT

School Ratings & Info

Description

FOR SALE ONLY! Building and Parcel included in sale. Furnishings and Business may be sold separately. Current tenant in place non-renewable lease. In business for almost 50 years, the current diner enjoys a large loyal following. Recent additions of Wawa next door and expanded Hard Rock Hotel around the corner has boosted traffic tremendously. New hotel property build out on the adjacent property promising additional foot traffic. Keep as an eatery or re-purpose to suit your needs. Buyer to verify all information, desired use feasibility prior to offering. Call Broker with questions. NO SITE VISITS during business hours and please do NOT approach current tenant or staff at the owner's request. Liquor store is separate parcel and NOT included in sale nor does the owner wish to sell aIncredibly, the shared parking lot with limited space has not hinder the business growth as it continues to increase month after month in the past year. The building has been impeccably maintained and all plumbing, electrical and major systems have been updated within the past few years. An extensive remodel was done in 2019 including new flooring and renovations to make the interior and parking lot ADA compliant. The restaurant equipment is in excellent working condition with the exception of the walk-in freezer which had new compressors installed a couple of years ago but is still used for dry storage. The parking lot is expected to be re-graded and paved next year around both buildings and the new easement granted to Wawa which has eased congestion and improved parking. The diner enjoys a faithful clientele with some regularly dining there since opening in 1974. It is a regular sight to see people lined up outside in all weather waiting for a table. The Hard Rock Hotel and Wawa now bring additional clientele who leave 4.7-5 Star reviews on Google for food and service. The family would love to see someone else continue the diner's tradition, but welcome whatever alternative future the new owners propose. The family is willing to stay on post-sale to transition the new owners into the current business and regular customers. In addition, there are several long-term key staff who would like to remain full-time and help the new owners continue the tradition or start a new one. This sale price includes the business and real property. However, the sale does NOT include the liquor store next door which has a recent long-term tenant installed who has a 1st right of refusal on purchasing that real property which is still owned by another family member. Make offers contingent upon a review of the business's financial statements if that is desired as they will only be provided upon acceptance of a valid and binding contract. All information provided in listing, documents and photos deemed accurate but not guaranteed. Buyer to verify all information prior to closing of the sale.

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www.bettersouthfloridahomes.com/homes/121893215
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4531 Griffin Road Davie, FL 33314

  • Price: $1,200,000
  • Status: Active
  • On Site: 429 Days
  • Updated: 66 min ago
  • MLS #: RX-10748532
0
Beds
0
Baths
0
½ Baths
0.15
Acres
1,838
SQFT
$653
$/SQFT
1974
Built
Neighborhood:
Newmans Survey 2-26 D 25-50-41 Pt Tr 29 Desc As Beg Intersec E R/W St Rd 7 & N R/W Griffin Rd,Ely Al
County:
Broward
Area:
Davie
Property Description
FOR SALE ONLY! Building and Parcel included in sale. Furnishings and Business may be sold separately. Current tenant in place non-renewable lease. In business for almost 50 years, the current diner enjoys a large loyal following. Recent additions of Wawa next door and expanded Hard Rock Hotel around the corner has boosted traffic tremendously. New hotel property build out on the adjacent property promising additional foot traffic. Keep as an eatery or re-purpose to suit your needs. Buyer to verify all information, desired use feasibility prior to offering. Call Broker with questions. NO SITE VISITS during business hours and please do NOT approach current tenant or staff at the owner's request. Liquor store is separate parcel and NOT included in sale nor does the owner wish to sell aIncredibly, the shared parking lot with limited space has not hinder the business growth as it continues to increase month after month in the past year. The building has been impeccably maintained and all plumbing, electrical and major systems have been updated within the past few years. An extensive remodel was done in 2019 including new flooring and renovations to make the interior and parking lot ADA compliant. The restaurant equipment is in excellent working condition with the exception of the walk-in freezer which had new compressors installed a couple of years ago but is still used for dry storage. The parking lot is expected to be re-graded and paved next year around both buildings and the new easement granted to Wawa which has eased congestion and improved parking. The diner enjoys a faithful clientele with some regularly dining there since opening in 1974. It is a regular sight to see people lined up outside in all weather waiting for a table. The Hard Rock Hotel and Wawa now bring additional clientele who leave 4.7-5 Star reviews on Google for food and service. The family would love to see someone else continue the diner's tradition, but welcome whatever alternative future the new owners propose. The family is willing to stay on post-sale to transition the new owners into the current business and regular customers. In addition, there are several long-term key staff who would like to remain full-time and help the new owners continue the tradition or start a new one. This sale price includes the business and real property. However, the sale does NOT include the liquor store next door which has a recent long-term tenant installed who has a 1st right of refusal on purchasing that real property which is still owned by another family member. Make offers contingent upon a review of the business's financial statements if that is desired as they will only be provided upon acceptance of a valid and binding contract. All information provided in listing, documents and photos deemed accurate but not guaranteed. Buyer to verify all information prior to closing of the sale.
Exterior Features

Construction BlockConcrete Miles To Beach 65 Miles To Expressway 2 Roof Other

Interior Features

Bath Toilets 3.00 Ceiling Acoustic Cooling CentralElectric Flooring Ceramic Tile Heating CentralElectric Miscellaneous1 HandicappedKitchen Facilities Miscellaneous2 Private RestroomPublic RestroomRestaurantStorageTraffic Heavy Percent Air Conditioned 100.00 Seating Capacity 50

Property Features

Auction No Available Docs Deed Restrictions Available Info Owner Managed Built Desc Resale Fire Protection Smoke AlarmSprinkler For Lease No For Sale Yes Lease None List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Location Airport AccessCentral Business DstCityCountyInvestment Monetary Info Gross Sched Income 535000.00 Sale Includes Building And LandEquipmentFixturesFurnitureInventorySignsTrade Name Security Burglar Alarm Special Info Easement(S) Tax Amount Real Estate Taxes 8176.79 Tax Year 2020 Tenant Pays None Terms Considered Cash Type Of Building CommercialFree StandingRestaurant Use Other Utilities Other Zoning Commercial

Listing provided courtesy of Virgon Real Estate: (561) 240-4800. Listing information © 2022 BeachesMLS
 
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