6,756sf Restaurant on 1.9 acres on US19 N

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30374675
Property Subtypes: Restaurant
Status: Pending
Building Size (RSF): 6,756 SF
Gross Building Area: See Agent
Sale Price: $1,250,000
Unit Price: $185.02 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/20/2021

Overview / Comments

Rare opportunity to purchase the business assets of a well known Asian restaurant and high profile property with a gross building area of 6,756 square feet, set on a rectangular lot of 1.91 acres, with parking for 75.

The location is as good as it gets, with 250' frontage on US Highway 19 North, the primary retail artery through Tarpon Springs and Pinellas County, with 39,448 VPD according to FL DOT. The restaurant features a hibachi grill dining area with fifteen guest tables with built-in gas grills, (160seats), sushi bar, (12 seats), sushi bar/ lounge seating, (44 seats), rear bar, (7 seats) and outdoor seating, (30 seats) for a total of over 250 seats. Parking lot accommodates 75 cars.

Highway Business (HB) zoning allows for a multitude of redevelopment opportunities by right or exception. This is a great opportunity to acquire an operating restaurant or redevelop a prime site to suit your needs. Please DO NOT inquire within, this is an operating business.

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pinellas
Taxing Authority: Pinellas County
Tax ID/APN: 16 27 18 89424 000 0600
Retail Clientele: General, Family, Business, Traveler, Tourist
Property Visibility: Excellent
Property Condition: Good
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,485 48,986 145,778
Median Age: 51.71 48.09 46.98
Households: 3,573 21,428 63,345
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