Turn-Key Restaurant/Prime Redevelopment Opportunity for Sale!

Retail-Commercial for Sale
Catylist Listing ID: 30708862
Property Subtypes: Restaurant
Building Size (RSF): 2,976 SF
Gross Building Area: 4,332 SF
Gross Land Area: 0.90 Acres
Sale Price: $699,000
Unit Price: $234.88 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/18/2021

Overview / Comments

• 2nd Generation Free-Standing Restaurant
• Turn-Key with Updated Equipment
• Large Pylon Signage with High Visibility
• .9 Acres, Perfect for a Redevelopment Opportunity
• 2,976 SF Under Roof, with a Wrap-Around Porch
• Excellent Location Directly on SR 52 with Access to Little Rd
• High Traffic Area with Over 41,000 ADT
• Directly Across from Fivay High School and Located Near Multiple National
Retailers
• Additional Parcels may also be Available
• Asking $699,000

Why pay rent when you can own a completely renovated, turn-key 2nd generation restaurant? This 2,976 SF restaurant is located on almost a full acre directly on SR 52, one of the busiest roads in all of rapidly expanding Pasco County. Situated between Little Rd and the Suncoast Expressway, this site is a great opportunity for either an owner operator or an investor who is looking for a redevelopment venture. The surrounding demographics are ideal for a cost-friendly dine-in and/or a quick-serve restaurant concept.

This recently renovated space is turn-key and all of the FF&E is included. Extensive kitchen equipment can be used to create almost any cuisine. The highly visible large pylon sign has a lightbox that is fully operational. There is ample parking, and there is potential to add a drive-thru to the restaurant.

With a C2 zoning and average daily traffic counts exceeding 41,000, this high-profile site can easily be redeveloped into office, medical or retail to serve one of the fastest growing populations in Florida (projected to be over 19% in the last ten years). Adjacent property may also be available for purchase to increase the site size if necessary. Call now to set up a showing.

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pasco
Tax ID/APN: 12-25-16-0090-03200-0090
Zoning: C2
Property Located Between: On State Road 52 Between Little Rd and the Suncoast Expressway
Property Visibility: Excellent
Property Condition: Good
Year Built: 1996
Parking Description: Ample Parking

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,606 64,582 112,708
Median Age: 47.88 47.79 46.55
Households: 3,804 27,923 48,767

Contact

Photograph of Listing Agent

Marlene Sundquist Maseman

Equity Business Solutions
CE-FL Member
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