Redington Shores Restaurant & Real Estate for Sale

Retail-Commercial for Sale
Catylist Listing ID: 30139100
Property Subtypes: Restaurant
Building Size (RSF): 3,889 SF
Gross Land Area: 17,623 SF
Sale Price: $1,800,000
Unit Price: $462.84 PSF
Property Use Type: Vacant/Owner-User, Business
Usable Size (USF): 3,889 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/19/2017

Overview / Comments

Fully operational restaurant steps from public beach access, in a thriving beach community.
This is the former Lobster Pot property with a 41-year history of success!
The restaurant has 150 seats inside plus a 60-seat outdoor patio dining area (perfect configuration for inexpensive SRX liquor license).
Located between Clearwater and Saint Pete Beach, Redington Shores is a community well known by locals and vacationers as a place to enjoy the beautiful Gulf beach.
Surrounded by water and modern residential/tourist dwelling - this is a great location for a restaurant to service the local population and tourists alike.
Zoning will permit Hotel/Motel/Bed/Breakfast/and other commercial uses, a future redevelopment opportunity exists here, but in the near term, this is a very attractive restaurant facility with parking to support it.
Because this is a fully equipped facility, and given the property value, this would be a candidate for an entrepreneur seeking an EB-5 Visa!

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pinellas
Taxing Authority: Redington Shores
Tax ID/APN: 31-30-15-36324-000-0560 , 31-30-15-36324-000-0840 , 31-30-15-36324-000-0850 , 31-30-15-36324-000-0860
Zoning: CTF - COMMERCIAL TOURIST FACILITY - CITY OF REDINGTON SHORES
Retail Clientele: General, Family, Business, Traveler, Tourist
Property Visibility: Good
Largest Nearby Street: Gulf Boulevard
Feet of Frontage: 199
Traffic/Vehicle Count: 20,400
Highway Access: Head North on Gulf Boulevard. Continue to Tom Stuart Causeway and then turn East. Continue on this Road to I275 East Towards Tampa
Airports: St. Pete Clearwater International Airport - 30 minutes away | Tampa International Airport - 37 minutes away
Site Description: Property lies with almost 200 feet of frontage on Gulf Boulevard. Public Beach access is steps away. Paved parking.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 3,889 SF
Year Built: 1955
Year Renovated: 2015
Roof Type: Gable
Construction/Siding: Block
Parking Type: Surface, Other
Parking Description: Property has parking on main property as well as parking in a vacant lot.
Zoning Description: Permitted uses shall be as follows: (1) Hotels and motels. (2)Lodging and guest houses. (3) General commercial uses permitted in the C-NR district. (4) Accessory uses and structures for all permitted uses. (5) Single-family dwellings. (6) Duplexes.
In Flood Plain?: Yes
Lot Frontage: 199
Lot Depth: 60
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Owned

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,860 54,429 131,701
Median Age: 53.95 51.66 50.52
Households: 2,833 25,602 61,584

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