2nd Generation Restaurant with Hood 7141 Gulf Blvd

7141 Gulf Blvd , St Pete Beach, Florida, 33706 | 3,212 sq.f | $ 1,199,000

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About This Restaurant

Investment Highlights

Executive Summary

Exceptional Opportunity! St. Pete Beach commercial property ? a former restaurant with immense potential. This property is ideal for entrepreneurs and investors seeking a footprint in one of Florida's most vibrant and tourist-friendly areas. A key feature is its prime location. Situated on St. Pete Beach, the building benefits from exceptional visibility and high traffic count, drawing both locals and tourists alike. Building specifications are intriguing. The property encompasses a spacious two-story, currently vacant structure that offers many possibilities for customization and branding. The spaces are versatile. The existing layout includes a former restaurant space with essential infrastructure, such as a hood and fire suppression system, which reduces additional setup costs. Another unique attraction is the upper floor, which could be a lucrative opportunity to create an exclusive bar or lounge area boasting scenic views, ideal for attracting a high-end clientele?outstanding accessibility and parking.The property assures excellent accessibility, complemented by 18 onsite parking spaces, a valuable asset in this popular beach area. This building is ripe for transformation; the possibilities are endless, whether it continues as a restaurant, evolves into a trendy bar with a view, or is reimagined as retail or office space. This property is located in a high-demand area. St. Pete Beach is known for its lively atmosphere and constant flow of visitors, providing a steady stream of potential customers. Strategic Visibility! The property's location and design ensure outstanding visibility, making it a prominent landmark on the beachfront strip. This commercial property on St. Pete Beach offers a rare opportunity to capitalize on its previous success as a restaurant and the added potential of an upstairs bar with a view. With its location, visibility, and existing infrastructure, it's poised to be a lucrative investment for the discerning buyer.

Property Details

  • Sale Type    Investment or Owner User
  • Sale Condition    Deferred Maintenance
  • Property Type    Retail
  • Property Subtype    Restaurant Restaurant General Retail Bar General Retail Freestanding General Retail Storefront Retail/Office Restaurant
  • Building Size    3,212
  • Building Class    C
  • Year Built    1951
  • Price    1,199,000
  • Price Per SF    373
  • Percent Leased    3
  • Tenancy    Multiple
  • Building Height    2 Stories
  • Building FAR    0.49
  • Land Acres    0.15 AC

Amenities

  • Bus Line
  • Signage
  • Balcony

Property Taxes

Parcel Number 36-31-15-77994-042-0040 Improvements Assessment $424,300
Land Assessment $290,700 Total Assessment $715,000
Date Created: 2024-07-16 04:13:32 Last Updated: 2024-07-16 04:13:32
Address: 7141 Gulf Blvd , St Pete Beach, Florida, 33706