526 2nd St N

526 2nd St N , Safety Harbor, Florida, 34695 | 2,616 sq.f | $ 2,550,000

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About This Restaurant

Investment Highlights

Executive Summary

Don't miss this rare opportunity to purchase TWO PARCELS WITH TWO BUILDINGS TOTALLY .47 ACRES in the MAIN STREET MARKETPLACEZONING OF SAFETY HARBOR. These properties are zoned for MULTI-USE commercial purposes as per the City of Safety Harbor. The propertypresents an excellent opportunity for developers considering construction possibilities of up to 35 FEET with COMMERCIAL AND RESIDENTIALABOVE, along with high density and limited setbacks. This property includes 526 2nd St N, and 155 5th Ave N. There are currently two buildingson the property that can offer income during a phased construction. Free standing bungalow with 1346 Sq.Ft. that has previously been a hairSalon in this same location for over 30 years, and a block building with 1270 Sq.Ft. currently leased as a restaurant, and plenty of privateparking. This is a truly prime location just off Main Street that is filled with RESTAURANTS, festivals, FAIRS, Third Friday music and food, agorgeous LIBRARY, tree-lined streets, MARINA, FISHING PIER and of course the SAFETY HARBOR SPA with its infamous HEALING WATERS!.Please do not disturb tenants, or walk property without appointment.

Property Details

  • Sale Type    Investment
  • Sale Condition    Redevelopment Project
  • Property Type    Retail
  • Property Subtype    Freestanding Freestanding General Retail Restaurant General Retail Storefront Retail/Office Office Office Residential Freestanding
  • Building Size    2,616
  • Building Class    C
  • Year Built    1925
  • Price    2,550,000
  • Price Per SF    975
  • Percent Leased    50
  • Tenancy    Multiple
  • Building Height    1 Story
  • Building FAR    0.13
  • Land Acres    0.47 AC

Amenities

  • Pylon Sign
  • Signage

Property Taxes

Parcel Number 03-29-16-96498-025-0010 03-29-16-96498-025-0030 Improvements Assessment $700,229
Land Assessment $54,771 Total Assessment $755,000
Date Created: 2024-07-16 04:13:31 Last Updated: 2024-07-16 04:13:31
Address: 526 2nd St N , Safety Harbor, Florida, 34695