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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