Beach Investment Property

Retail-Commercial for Sale
Catylist Listing ID: 30594875
Property Subtypes: Restaurant, Street Retail, Tavern/Bar/Nightclub
Building Size (RSF): 4,000 SF
Gross Building Area: See Agent
Sale Price: $1,195,000
Unit Price: $298.75 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 11/20/2020

Overview / Comments

Restaurant & Shops on the corner of Gulf and Corey in St. Pete Beach. 4000 ft2 total, 1600 ft2 restaurant and four shops in 2400 ft2, all with short leases or tenancy at will.

Excellent parking. 6 parking places per 1000 ft2; 24 total spaces.

Located at a lighted intersection on St. Pete Beach’s “main street”, Corey Avenue and Gulf Blvd

With the installation of the new sewer main for St. Pete Beach1, the building moratorium is being lifted paving the way for development in the area.

Zoned TC-1 (Town Center Core District2) allowing users like retail office and medical.

Lot is 12,000± SF (0.27± Acres) with 120 ft. fronting Corey Avenue and 100 ft. fronting Gulf Blvd.

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pinellas
Tax ID/APN: 15 31 36 77994 060 0010
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention
Property Visibility: Excellent
Largest Nearby Street: Gulf Blvd
Feet of Frontage: 100
Site Description: Corner of Corey Avenue and Gulf Blvd at a lighted intersection.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 4,000 SF
Property Condition: Good
Year Built: 1972
Roof Type: Flat
Construction/Siding: Block
Total Parking Spaces: 24
Parking Description: Off-street parking in front of and behind the building.
Heat Type: Electricity
Heat Source: Central
Zoning Description: Zoned TC-1 (Town Center Core District2) allowing users like retail office and medical.
Part of Planned Development?: Yes
In Flood Plain?: Yes
Lot Frontage: 120
Lot Depth: 100
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,821 50,953 145,575
Median Age: 60.2 53.5 46.79
Households: 5,127 26,581 66,670


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