1001 Cocoanut Avenue
SARASOTA, FL 34236

Description

EL MANDILON. THE STARLITE ROOM reopened as EL Mandilon. The downtown Sarasota restaurant with deep ties to the local theater scene has undergone a major makeover. Billed as a "Craft Mexican Kitchen & Tequila Bar" will be featured on new reality TV show 'Restaurant Flip'. The building and land are offered as a separate purchase option or in combination of both for $2,200,000. Foreign investors are welcome. Business including real estate qualify for the Green Card. El Mandilon is located in near proximity to the Van Wezel Performing Arts Hall. The first floor serves as the main restaurant. There are 60 seats available and can be extended. The bar is located partially out of sight form the restaurant. The fully equipped commercial kitchen is located on the first floor. There are 36 private parking spaces. The second floor is utilized for private parties and events. Large glass doors lead to the outside terrace with plenty of comfortable seating. The third floor can be reached by the elevator with owners key only. It is home to the office, storage rooms AND the Penthouse Studio. The studio can be expanded to a one or two-bedroom apartment. Glass doors lead form the studio to a vast terrace with breathtaking views of the Sarasota Bay and the downtown. The Penthouse is in the monthly lease included. A five-year lease is in place with option for extension. The current monthly rent is $7,333. The owner of the business will train and provide consulting. Inventory, FF&E, all liquor license 8COP, are included.

Details

MLS#A4408470
StyleIndustrial
Sub-TypeResale
StatusActive
Year2008
Days On Site315

Features

SQ Feet11,718
Story(s)1
ZoningCRD

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Area Information

StateFL
CountySarasota
CitySARASOTA
Zip Code34236
Area34236 - Sarasota
Listing VS Median (in 34236)
Price:
$400,000
low | high
Med:
$573,500
6.625% of Average
SqFt:
11,718
low | high
Med:
1,538
100% of Average
$ / SqFt:
$34
low | high
Med:
$376
100% of Average
On Site:
315
low | high
Med:
478.5
65.830721003135% of Average
Listing Updated: 05/25/2019
MLS Number: A4408470
Listing Provided By:
Martin Sochor  of  FINE PROPERTIES

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