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2nd Generation Restaurant w/ Real Estate


2ND GENERATION RESTAURANT @ THE BEACH

5% BUYER'S AGENT COMMISSION

This is an opportunity many restaurateurs wait for and never find... a 2nd Generation Restaurant with Real Estate for Sale at the Beach in Sunny St Pete Beach!!!  That's right, located on busy Gulf Boulevard just 3 blocks from what's known as Upham Beach, and only 2 blocks from downtown Corey Ave.

The building is 2 stories, with the restaurant downstairs and space upstairs for offices, dry storage and cold storage.  There is also the potential to add a 2nd story balcony with a bar upstairs, directly above the first story covered outdoor patio.  The Sellers have already had Zoning Dept officials onsite to give a verbal approval of the upper deck!  Now that's a big deal!

Currently the space is vacant, which makes the investment even easier for an owner/operator.  The previous tenant, Bella's Pizza, operated under an SRX/SFS license with full-liquor.  The plans that were submitted to the City and State to meet the seating requirements in on file with the Seller and the City.

The Kitchen has a 14 foot Hood with Fire-Suppression System installed.  Other miscellaneous equipment is still onsite and will convey with a sale.

The building had a new roof installed in 2022 with a warranty.  Other upgrades have also been made upstairs, and the downstairs has been cleared of debris and is awaiting a new owner to add some new color and textures.  

Other uses for the building include; Office, Retail and Medical.

IMPORTANT NOTE:  The Sellers are NOT interested in Developers looking to tie up the real estate with a contract while fishing for a tenant.  That's not going to happen!  If you want it... Buy It!  No games!

5% BUYER'S AGENT COMMISSION!!!



Listed By: Chris DiNeno

Background information

Reference:

CJ-7141

Year established:

1951

Reason selling:

Investment Property Sale

Operations

Employees:

N/A

Inventory:

N/A

Premises

Facility:

Free-Standing 2nd Generation Restaurant with Real Estate for Sale

Square footage:

1725 sf Ground Floor - 1405 sf 2nd Floor

Rent and lease terms:

N/A

Location:

St Pete Beach

Opportunities

Growth:

The Sky is the Limit!

Market:

St Pete Beach

Price and terms

Price:

$1,500,000

Down payment:

$1,500,000

Financing:

Some Seller Financing "MAY" Be Available to Qualified Buyer(s)

Training:

N/A