2 Bar Portfolio Sale | Prime Tampa Locations

Retail-Commercial for Sale
Catylist Listing ID: 30737942
Property Subtypes: Free-Standing Building, Restaurant, Retail-Pad, Tavern/Bar/Nightclub
Building Size (RSF): 4,173 SF
Gross Land Area: 0.13 Acres
Sale Price: $4,495,000
Unit Price: $1,077 PSF
Ceiling: 14 ft.
In Opportunity Zone? Yes
Property Use Type: Investment, Business
Building Name: Elmer's, Ybor City
Usable Size (USF): 4,173 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/1/2022

Overview / Comments

The properties known as Elmer’s Sports Café, a TWO Bar/ Restaurant portfolio, is a unique package of a long-standing business with real estate that is owner occupied, turn-key and ready for new ownership.

The portfolio encompasses approximately 8,173 SF of total GBA and boasts over 260 feet of collective linear frontage along S. MacDill Avenue as well as 7th Avenue and includes folio numbers 197332-0000 & 134462-0000.

Elmer’s Sports Café has been in Tampa for over 25 years and now the seller is offering an amazing opportunity to step into 2 locations at once (1 location is in bustling Ybor City - East Tampa and the 2nd location is in the growing Ballast Point - South Tampa area).

THE SALE OF BOTH LOCATIONS OFFER:
→Real estate
→Thriving businesses with strong sales and operational history
→FF&E
→Long-standing reputations, demonstrated goodwill
→Busy traffic counts, great visibility, robust demographics and easy access.

Upon receipt of a signed non-disclosure agreement, all pertinent financial information will be available for your review. Here is a great opportunity for an investor or owner-user to acquire two existing operations that have a phenomenal neighborhood and community presence. If you’re an entrepreneur looking to grow equity in the metropolitan Tampa Bay area, inquire today for additional property details and a scheduled showing.

Together these properties are being offered as a portfolio sale only. These 2 diligently maintained stores are located on bustling corridors and offer incredible signage and great visibility. Elmer’s South Tampa sits a half mile South of the Gandy/MacDill Intersection and Elmer’s Ybor City sits 1/10th mile West of the N. 22nd Street and 7th Avenue intersection. Both properties are within immediate proximity of countless retail tenants, newly renovated and constructed condos and residential neighborhoods. Tampa International Airport is a quick 10-mile commute away from either property with Downtown Tampa sitting just 2 miles from the Ybor City location and 7 miles from the South Tampa location making them both convenient enough to serve your customers’ needs.

Since 2017, Tampa, St. Petersburg, and Clearwater (also known as the Greater Tampa Bay Area) has repeatedly ranked as one of the top 10 real estate markets in America. This rapidly expanding market is now a major hot spot for commercial and residential real estate investors. Current NOI available upon request with a signed non-disclosure agreement. Call today to schedule an exclusive showing!

ELMER’S YBOR CITY LOCATION
2003 E. 7th Ave., Tampa, FL 33605

→Amazing frontage, visibility and access
→In an Opportunity Zone
→Highest and best use: Bar :: Bistro/ Restaurant
→Centrally located in the heart of bustling Ybor City
→Average HH income exceeds $49,031.08 within 3-Mile Radius
→Neighboring businesses include: Columbia Restaurant, Valley Bank, Naviera Coffee Mills, Hilton Gardens Inn- Ybor, Hillsborough County Sheriff’s Office and more

ELMER’S S. MACDILL LOCATION
5206 S. MacDill Avenue, Tampa, FL 33611

→Amazing frontage, visibility and access via MacDill Avenue and Gandy Blvd.
→Immediately South of Gandy Blvd
→Site offers 28 +/- onsite parking spaces
→Average HH income exceeds $72,499.23 within 3-mile radius
→Highest and best use: Bar :: Bistro/ Restaurant
→Surrounding neighborhoods include: Bayshore, Ballast Point, Interbay and MacDill Airforce Base

Attachments & Media

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Hillsborough
Tax ID/APN: 19291850N000082000040A
Zoning: YC-1
Retail Clientele: General, Traveler, Tourist, Recreation, Other
Property Located Between: 7th Avenue and 20th Street
Property Visibility: Excellent
Largest Nearby Street: N. 22nd Street
Feet of Frontage: 60
Traffic/Vehicle Count: 5,500
Highway Access: Interstate 4 and Interstate 275
Airports: Tampa International Airport
Site Description: ELMER’S YBOR CITY LOCATION 2003 E. 7th Ave., Tampa, FL 33605 →Amazing frontage, visibility and access →In an Opportunity Zone →Highest and best use: Bar :: Bistro/ Restaurant →Centrally located in the heart of bustling Ybor City →Average HH income exceeds $49,031.08 within 3-Mile Radius →Neighboring businesses include: Columbia Restaurant, Valley Bank, Naviera Coffee Mills, Hilton Gardens Inn- Ybor, Hillsborough County Sheriff’s Office and more ELMER’S S. MACDILL LOCATION 5206 S. MacDill Avenue, Tampa, FL 33611 →Amazing frontage, visibility and access via MacDill Avenue and Gandy Blvd. →Immediately South of Gandy Blvd →Site offers 28 +/- onsite parking spaces →Average HH income exceeds $72,499.23 within 3-mile radius →Highest and best use: Bar :: Bistro/ Restaurant →Surrounding neighborhoods include: Bayshore, Ballast Point, Interbay and MacDill Airforce Base
Area Description: Elmer’s Sports Café Portfolio, an assemblage of TWO owner occupied bars/ casual restaurants establishments located respectively along 7th Avenue in Ybor City and fronting S. MacDill Avenue in South Tampa- both turn-key and ready for a new owner. Together these properties are being offered as a PORTFOLIO SALE ONLY. These 2 diligently maintained stores are located on bustling corridors and offer incredible signage and great visibility. Elmer’s, South Tampa sits a half mile South of the Gandy/ MacDill Intersection and Elmer’s, Ybor City sits 1/10th mile West of the N. 22nd Street and 7th Avenue intersection. Both properties are within immediate proximity of countless retail tenants, newly renovated and constructed condos and residential neighborhoods. Tampa International Airport is a quick 10-mile commute away from either property with Downtown Tampa sitting just 2 miles from the Ybor City location and 7 miles from the South Tampa location making them both convenient enough to Serve your customers’ needs.
Total Number of Buildings: 2
Number of Stories: 1
Typical SF / Floor: 4,173 SF
Property Condition: Good
Year Built: 1945
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Brick constructed
Parking Type: Surface
Parking Description: adjoining (paid) parking
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Interior Description: large storefront windows, lots of indoor seating, high ceilings, a full commercial kitchen
Zoning Description: Central Commercial Core
Lot Frontage: 60
Lot Depth: 95
Water Service: Municipal
Sewer Type: Municipal
Legal Description: YBOR CITY MAP W 60 FT OF LOT 4 BLOCK 82

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,408 100,258 280,773
Median Age: 35.52 34.29 36.03
Households: 5,391 40,086 113,351

Contact

Photograph of Listing Agent

Tina Marie Eloian, CCIM

Florida Commercial Group CE-FL Member
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