Fully Built Second (2nd Generation) Restaurant with full Service Bar - With 4 Apartments - Major Renovations in 2024-2025 - Steakhouse business is included in the sale.

Gandhi Commercial is proud to present a fully renovated, three-level landmark mixed-use asset located on Montrose Street in the heart of downtown Clermont. The property offers approximately 11,101 SF of gross building area on 0.51 acres, with an on-site parking lot accommodating ±19 vehicles. Major renovations were completed between 2024 and 2025, delivering a turnkey investment with multiple income streams.

The asset is anchored by a full-service restaurant and bar concept operating across two levels, including a premium steakhouse and a speakeasy-style lounge. The basement (1,911 SF) features “The Club at Crafted,” a 40-seat speakeasy-style bar, while the first floor (4,318 SF) houses “Crafted,” a 120-seat steakhouse with a full-service bar and an additional 24-seat outdoor patio. The second floor (2,940 SF) consists of four fully renovated 1-bedroom, 1-bath residential units, providing consistent supplemental rental income.

The business is currently generating approximately $80,000 per month in gross revenue, complemented by $5,920 per month in residential rental income, offering diversified cash flow. The property supports beer, wine, and liquor sales, making it well-positioned for continued restaurant operations or repositioning under a new concept.

Extensive recent improvements include full interior renovations across all residential units, a redesign of the restaurant and bar areas with upgraded finishes and fixtures, and a total buildout of the speakeasy lounge. The commercial kitchen has been upgraded with new plumbing, electrical systems, and equipment, and has successfully passed multiple health inspections. Additionally, the building has undergone major system upgrades, including new HVAC systems, updated electrical and plumbing infrastructure, and a professionally sealed roof with a five-year warranty.

Offered at $4,000,000, this is a rare opportunity to acquire a stabilized, income-producing mixed-use property in one of Central Florida’s fastest-growing downtown markets. The asset is ideal for an owner-operator seeking an established restaurant business or an investor looking to capitalize on a well-located property with in-place income and future upside. *Gross revenue is estimated for this ad.

Highlights:
- Prime location in Clermont Downtown Business District
- W Montrose Street, central hub for community events - Year-round events bring consistent foot traffic. 
- Established Fine Dining Steak House with a Speak Easy Lounge and 4 fully leased apartments
- Over 1,000 free public parking spaces & 19 Private Parking Spots 
- Walking distance to City Hall, Lake Minneola, and Jenkins Auditorium. 
- Extensively renovated in 2025, offering a turnkey opportunity