Floridian Social Club 687 Central Ave

687 Central Ave , Saint Petersburg, Florida, 33701 | 9,447 sq.f | $ 11,800,000

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About This Restaurant

Investment Highlights

The Floridian Social is a turn-of-the-century Art Deco masterpiece exuding timeless elegance, captivating visitors back to the Roaring Twenties. 2020 renovations have equipped this historical venue with state-of-the-art facilities and furnishings, ensuring a modern and immersive experience. Encompassed by craft breweries, artist enclaves, and renowned museums, the iconic venue is a cultural oasis, reflecting the city's artistic tapestry. This 600-block address now stands as a highly profitable venue hosting live music, a vibrant craft cocktail bar, weddings, and private events. Acquiring 687 Central Avenue is a turnkey investment opportunity, which includes the real estate, business, all amenities and 4COP liquor license. Conveniently located in one of the fastest growing cities in the USA, embrace the chance to converge St. Pete's renaissance with Florida's future.

Executive Summary

See link below for full interactive e-brochure.*** Business only may be purchased for $4.9 Million which will include all fixtures, furnishings and equipment (FF&E).Step into the dazzling world of The Floridian Social Club, an illustrious live music and craft cocktail haven nestled in the heart of downtown St. Petersburg. This renowned building, faithfully restored to its original Art Deco and Beaux Arts design, exudes timeless elegance. Enclosed in a unique historic building that opened its doors in 1924 and was meticulously rebuilt for 2024, this venue is a captivating journey back in time to The Roaring Twenties. Once a bank, office, movie theater, and beloved concert hall, the Art Deco-style structure now stands as a highly profitable and multi-event venue hosting live music, a lively craft cocktail bar, and private events.A 2020 renovation has equipped the venue with state-of-the-art facilities, including new electrical, audio/video/lighting systems, plumbing, mechanical upgrades, millwork, security cameras, restrooms, nostalgic center and mezzanine bars, timeless bronze metal work, private VIP lofts, and marquee signage, making this an ideal turnkey opportunity. The acquisition of The Floridian Social includes the real estate and business, along with all furniture, fixtures, equipment, and a coveted 4COP liquor license for package and on-premises consumption of beer, wine, and liquor. St. Petersburg, a rapidly growing city in West Florida, provides the perfect backdrop for this cultural gem, encompassed by craft breweries, artist enclaves, galleries, coffee/wine bar concepts, and renowned museums. Surrounding the property, discover dozens of attractions and retailers within two to three blocks, including the Dale Chihuly Glass Collection, Morean Arts Center, and the trendy Edge District. 687 Central Avenue is also conveniently planted near other major downtown St. Petersburg entertainment locations, such as a four-minute drive to The Pier and Sundial St. Pete and a five-minute drive to the Salvador Dali Museum. With easy access to major highway connectors via Interstates 75, 375, and 275, The Floridian Social Club is a gateway to an unparalleled cultural experience in the heart of a city celebrated by Forbes, Cond? Nast, and USA Today. Embrace the rare chance to become a part of St. Petersburg's rich tapestry of history and future at The Floridian Social Club, where the essence of this vibrant city comes alive in every moment.

Property Details

  • Sale Type    Investment or Owner User
  • Property Type    Retail
  • Property Subtype    Bar Bar General Retail Freestanding General Retail Restaurant General Retail Storefront Bar
  • Building Size    9,447
  • Building Class    B
  • Year Built/Renovated    1924/2020
  • Price    11,800,000
  • Price Per SF    1,249
  • Tenancy    Single
  • Building Height    1 Story
  • Building FAR    0.98
  • Land Acres    0.22 AC

Amenities

  • Signage
  • Accent Lighting
  • Monument Signage
  • Air Conditioning

Property Taxes

Parcel Number 19-31-17-64530-001-0050 Improvements Assessment $1,041,143
Land Assessment $398,857 Total Assessment $1,440,000
Date Created: 2024-07-16 04:09:28 Last Updated: 2024-07-16 04:09:28
Address: 687 Central Ave , Saint Petersburg, Florida, 33701