2 Bar Portfolio Sale- Prime Tampa Locations

Retail-Commercial for Sale
Catylist Listing ID: 30737944
Property Subtypes: Free-Standing Building, Restaurant, Retail-Pad, Tavern/Bar/Nightclub
Building Size (RSF): 4,000 SF
Gross Land Area: 0.55 Acres
Sale Price: $4,495,000
Unit Price: $1,123 PSF
Ceiling: 12 ft.
Property Use Type: Investment, Business
Building Name: Elmer's, South Tampa
Usable Size (USF): 4,000 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/3/2022

Overview / Comments

Florida Commercial Group is pleased to exclusively list a 2-bar portfolio for sale- both located in prime Tampa locations. This portfolio is being sold exclusively as a bar package only! (includes folio numbers 197332-0000 & 134462-0000) Both locations are situated in high density, high traffic areas and would be a great owner/ user opportunity. These properties which can also be utilized as a Restaurant & Lounge would make phenomenal investment or redevelopment projects- call Broker for financials.
Featuring direct frontage on both MacDill Avenue and 7th Avenue, this sports bar portfolio offers an investor a tremendous opportunity to add 2 well established and terrifically located properties (which include real-estate, businesses, FF&E, long-standing reputations and demonstrated good will) to their investment profiles. Both properties have strong sales and operational history as well as busy traffic counts, great visibility, robust demographics and easy access. In Ybor City, the location features 7th Avenue exposure- with possible outdoor seating, large storefront windows, lots of indoor seating, high ceilings, a full commercial kitchen, adjoining (paid) parking and an attached package store. The South Tampa location features South MacDill Avenue frontage, a large patio deck for outside seating, plenty of inside patron seating, a full commercial kitchen, lots of onsite parking and a friendly atmosphere. 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. This gem of an Investment portfolio will not last long on the market. Call today to schedule a showing and BRING OFFERS!

Attachments & Media

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Hillsborough
Tax ID/APN: 1830103Z9000001000250A
Zoning: CG
Retail Clientele: General, Traveler, Tourist, Recreation, Other
Property Located Between: S. MacDill Avenue and Gandy Blvd
Property Visibility: Excellent
Largest Nearby Street: Gandy Blvd
Feet of Frontage: 200
Traffic/Vehicle Count: 4,000
Highway Access: Selmon Expressway
Airports: Tampa International Airport
Site Description: The properties, known as Elmer’s Sports Café, a (2) 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. The 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 offers real-estate, thriving businesses with strong sales and operational history, FF&E, long-standing reputations, demonstrated good will as well as 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.
Area Description: Now Available: Elmer’s Sports Café Portfolio, an assemblage of 2 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. 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 for a Property Brochure!!!
Total Number of Buildings: 2
Number of Stories: 1
Typical SF / Floor: 4,000 SF
Property Condition: Good
Year Built: 1988
Roof Type: Other
Construction/Siding: Concrete
Exterior Description: Block constructed
Total Parking Spaces: 28
Parking Type: Surface
Parking Description: Paved, onsite
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Interior Description: plenty of inside patron seating, a full commercial kitchen
Zoning Description: General Commercial
Lot Frontage: 200
Lot Depth: 120
Water Service: Municipal
Sewer Type: Municipal
Legal Description: TROPICAL TERRACE UNIT NO 3 LOTS 25 26 27 AND 28 BLOCK 1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,857 72,114 126,368
Median Age: 41.13 40.46 37.98
Households: 6,916 33,192 57,118

Contact

Photograph of Listing Agent

Tina Marie Eloian, CCIM

Florida Commercial Group CE-FL Member
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