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Mirage Restaurant 2284 Gulf To Bay Blvd 3,417 SF Retail Building Clearwater, FL 33765 $2,700,000 ($790.17/SF) 20% Cap Rate
Investment Highlights
- Long-standing Mediterranean restaurant with over 20 years of successful operation.
- Indoor and outdoor seating areas with three restrooms for customer convenience.
- Over 30 parking spaces on a 0.68-acre lot, offering excellent accessibility.
- Prime location on Gulf to Bay Boulevard, minutes from Gulf beaches and major business hubs.
- Recent upgrades include a new roof, new A/C units, and additional improvements.
- Strong visibility in a high-traffic corridor with significant redevelopment potential.
Executive Summary
Outstanding investment opportunity to acquire a well-established Mediterranean restaurant with real estate in a high-traffic business district of Clearwater, Florida. This property has been operating successfully for over 20 years and offers a turnkey solution for restaurateurs or investors seeking a proven location with strong visibility and accessibility.
Situated on Gulf to Bay Boulevard, just minutes from the Gulf beaches, the property benefits from excellent exposure and proximity to major commercial and residential areas. The building features both indoor and outdoor seating areas, three restrooms, and ample parking with over 30 spaces. Recent upgrades include a new roof, new A/C units, and additional improvements, ensuring a well-maintained and functional space for continued operations.
The property spans over half an acre, providing flexibility for future expansion or redevelopment. With its established reputation, prime location, and updated infrastructure, this asset represents a rare opportunity to own a thriving restaurant property in one of Clearwater’s most desirable corridors.
Situated on Gulf to Bay Boulevard, just minutes from the Gulf beaches, the property benefits from excellent exposure and proximity to major commercial and residential areas. The building features both indoor and outdoor seating areas, three restrooms, and ample parking with over 30 spaces. Recent upgrades include a new roof, new A/C units, and additional improvements, ensuring a well-maintained and functional space for continued operations.
The property spans over half an acre, providing flexibility for future expansion or redevelopment. With its established reputation, prime location, and updated infrastructure, this asset represents a rare opportunity to own a thriving restaurant property in one of Clearwater’s most desirable corridors.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,417 SF
Building Class
B
Year Built
1971
Price
$2,700,000
Price Per SF
$790.17
Cap Rate
20%
NOI
$540,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.66 AC
Zoning
CG, Clearwater - General Commercial
Parking
32 Spaces (9.36 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Restaurant
Walk Score®
Very Walkable (72)
Nearby Major Retailers
Property Taxes
| Parcel Number | 18-29-16-00000-230-1800 | Improvements Assessment | $288,851 |
| Land Assessment | $506,149 | Total Assessment | $795,000 |
Property Taxes
Parcel Number
18-29-16-00000-230-1800
Land Assessment
$506,149
Improvements Assessment
$288,851
Total Assessment
$795,000
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Presented by
Equity Realty Suncoast
Mirage Restaurant | 2284 Gulf To Bay Blvd
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