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23525 State Road 40, Astor, FL 32102
$1,400,000
23525 State Road 40, Astor, FL 32102View this property at 23525 State Road 40, Astor, FL 32102
23525 State Road 40AstorFL32102
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Property Description
Welcome to the Castaways Bar and Grill where locals come to dine from 11-9 daily and on the weekends are known for their fantastic brunches with mimosas and fantastic food that is known for their "home cooking" and "personal touch"! This restaurant sits on 2.5 acres and has plenty of grassy area on top of their paved parking which enables them to do multiple things from events to storage to you name it. This restaurant has been owned and operated by the same owner for the last decade and is minutes from the local river so locals drop in before and after their day trips enjoying all Florida has to offer. The place has seating for 172 inside and also has some seating outside in the front and in the back. Out back has a covered bar area as well. There is also a party room inside that many local clubs reserve for functions and often times the kitchen will supply a buffet for those reservations. The roof was replaced 4 years ago with a metal roof and will last the test of time and there are 4 A/C's that are each 5 tons. They have 32 employees that all love where they work from waitstaff to cooks, to managers and dishwashers and they all would like to stay and keep their jobs. They have a SRX Liquor License which enables them to have a full liquor bar to serve their customers along with the homemade hand cooked and prepped entrees and appetizers. The kitchen makes up around 8-900 square feet of the a/c'd interior and the dining and customer area is a little larger than 2,000 square. In the kitchen we have walk-in coolers and a freezer, five deep fryers, a 36" flat top with two burners, a 30" charbroiler, a salamander to melt cheese etc, a salad bar cooler, inventory on hand is equal to about 100k, and about 30k in liquor. They use a Point of Sale System by the name of HARBOR TOUCH with 5 places to enter throughout the restaurant for ease of the employees and traffic.
Full Property Details
Full Property Details for 23525 State Road 40
General
- Price: $1,400,000
- Taxes: $4,056 (2023)
- Status: Active
- Type: Commercial
- MLS ID: W7863250
- Updated: 3/23/2024
- Added to Site: 36 day(s) ago
Interior
- Flooring: Ceramic Tile, Luxury Vinyl
Parking
- Parking Features: Over 30 Spaces
Location
- Area: 32102 - Astor
- County: Lake
- Development Name: 32102 - Astor
- Subdivision: MANHATTAN SEC 01
- Driving Directions: Take 75N towards Ocala and Turn Right onto SR-40 and follow it down until you find on your left hand side of the road before you get to 17.
- Direction Faces: North
Community
- Community Name: 32102 - Astor
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Well
- Utility Description: Private, Water Connected
Structural Information
- # Buildings: 1
- Exterior Const.: Block, Wood Frame
- Roof: Metal
- Square Feet: 2,800
- Sq. Ft. Source: Owner
- Year Built: 1987
Lot Features
- Lot Size (Acres): 2.44
- Lot Size (Sq. Ft.): 106,286
- Lot Size: 2.44
- Lot Dimensions: 165 x 650
- Frontage: County Road
- Street/Road Desc.: Paved
Financial Considerations
- Tax Amount: $4,056.77
- Tax Year: 2023
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
- Ownership: Sole Proprietor
- Special Conditions: None
- Legal Description: MANHATTAN SEC 1 E 450 FT OF S 1/2 OF LOT 25--LESS HWY & LESS FROM SE COR OF LOT 25 RUN N 0-03-27 W 47.08 FT TO THE INTERSECTION WITH N'LY R/W LINE OF SR 40 FOR POB CONT N 0-03-27 W ALONG SAID E LINE OF LOT 25 A DIST OF 611.16 FT S 89-59-17 W 284.14 FT S 0-01-40 W 640 FT N 89-59-17 E 48.58 FT TO THE INTERSECTION WITH N'LY R/W LINE OF SR 40 SAID PIONT BEING ON A CURVE CONCAVE S'LY & HAVING AS ITS ELEMENTS A CENTRAL ANGLE OF 06-58-06 & A RADIUS OF 1960.08 FT THENCE E'LY ALONG THE ARC OF SAID CURVE & SAID R/W LINE A DIST OF 238.33 FT TO POB--PB 2 PG 13 ORB 5389 PG 1465
- Flood Zone Info: AE
- APN: 71527010000002501
- Property ID: 71527010000002501
Listed by McCullough & Assoc Realty Inc
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Schools
Schools serving 23525 State Road 40
School District:Lake County School District
Rating | Name | Grades | Distance |
---|---|---|---|
44440 Spring Creek Rd, Paisley, FL 32767 | PK-8 | 11.5 mi | |
401 Lake St, Umatilla, FL 32784 | PK-5 | 17.2 mi | |
305 E Lake St, Umatilla, FL 32784 | 6-8 | 17.4 mi | |
320 N Trowell Ave, Umatilla, FL 32784 | 9-12 | 17.5 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 23525 State Road 40
Date
Details
Price
Change
Source
3/23/2024
Listed
$1,400,000
851.73%
MLS
10/23/2019
Sold
$147,100
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 23525 State Road 40
Year
Property Taxes
Change
Tax Assessment
Change
2023
$4,057
3%
$255,308
5%
2022
$3,924
8%
$243,531
9%
2021
$3,618
-2%
$223,138
7%
2019
$3,687
24%
$209,280
25%
2018
$2,977
2%
$166,792
—
2017
$2,921
5%
$166,792
8%
2016
$2,776
6%
$154,592
12%
2015
$2,625
4%
$138,596
5%
2014
$2,530
5%
$132,287
—
2013
$2,410
—
$132,287
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 23525 State Road 40
23525 State Road 40, Astor, FL 32102 (MLS# W7863250) is a Commercial property. 23525 State Road 40 is currently listed for $1,400,000 and was received on March 23, 2024. Want to learn more about 23525 State Road 40? Do you have questions about finding other Commercial real estate for sale in Astor? You can browse all Astor real estate or contact a Coldwell Banker agent to request more information.