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7308 Sunset Way - Premier Waterfront Parcel with CG-2 Zoning 0.5 Acres of Commercial Land Offered at $3,250,000 in Saint Pete Beach, FL 33706
INVESTMENT HIGHLIGHTS
- Ultra-Rare Waterfront Redevelopment Opportunity
- Potential Transfer of Woody’s Waterfront Tradename & Liquor License
- Proven Market Demand with Tremendous Historical Operational Profitability
- Flexible CG-2 Zoning with Expansive, Unmatched Water Views
- Historic Redevelopment Potential with Infrastructure & Utilities in Place
- Flexible Terms Considered and Brokers Protected.
EXECUTIVE SUMMARY
Listing price does not include the full 4COP liquor license, but the license can be purchased separately.
This property is being sold as-is, offering a rare opportunity for a new owner to reimagine its future. After generations of successful operations as a local landmark, the recent hurricanes have rendered the site unusable, and ownership has made the difficult decision not to rebuild the once-iconic Woody’s Waterfront. This presents a blank slate for redevelopment in one of St. Pete Beach’s most sought-after waterfront locations, where vision and investment can bring a new concept to the site or revive the proven success of the waterfront restaurant and bar.
Property Highlights:
• Expansive 0.5-Acre Lot: With three distinct parcels, the property provides ample space for a range of development opportunities in a prime coastal location.
• Unparalleled Waterfront Views: Nestled along the water, the property offers breathtaking scenery, ideal for outdoor dining, entertainment, or other vibrant waterfront uses.
• Zoning Flexibility: Zoned for commercial use, this property is perfectly suited for a restaurant, retail, or other income-generating ventures. Connect with the City of St. Pete Beach’s Planning and Zoning Division to explore approved uses and tailored development possibilities.
• Historical Significance: Formerly a celebrated local gathering spot, the property may qualify for historic designation, unlocking potential grants, preservation incentives, and tax benefits through the City of St. Pete Beach’s Historic Preservation Board.
• Rebuild with Resilience: Located in a VE flood zone, this property offers an excellent opportunity to construct a hurricane-resilient, code-compliant structure while incorporating modern design elements to maximize safety and functionality.
Unmatched Location:
Situated in one of Florida’s most vibrant beach communities, 7308 Sunset Way offers easy access to the pristine Gulf beaches, a bustling local scene, and a steady flow of visitors year-round. Its prime location ensures maximum exposure and a built-in customer base for any commercial endeavor.
Your Vision, Unlimited Potential:
This property is a blank canvas waiting for the right owner to bring it to life. Whether you’re inspired to restore the legacy of Woody’s Waterfront Café or create a brand-new destination, 7308 Sunset Way is a once-in-a-lifetime chance to own a part of St. Pete Beach history and shape its future.
Don’t miss this opportunity to own a unique waterfront property with unlimited potential.
All Reasonable Offers and Terms Considered. Buyer-Agent Participation.
PROPERTY FACTS Under Contract
| Price | $3,250,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Conditions | Proposed Use | ||
| No. Lots | 1 | Total Lot Size | 0.50 AC |
| Zoning | CG-2 - CG-2 COMMERCIAL DISTRICT | ||
| Price | $3,250,000 |
| Sale Type | Investment |
| Sale Conditions | |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.50 AC |
| Zoning | CG-2 - CG-2 COMMERCIAL DISTRICT |
1 LOT AVAILABLE
Lot
| Price | $3,250,000 | Lot Size | 0.50 AC |
| Price Per AC | $6,500,000.00 |
| Price | $3,250,000 |
| Price Per AC | $6,500,000.00 |
| Lot Size | 0.50 AC |
Lot configuration includes: Parcel 1: ±0.24 acres (APN 36-31-15-00000-310-0600) Parcel 2: ±0.09 acres with a 2,394 SF building (APN 36-31-15-00000-310-0500) Parcel 3: ±0.15 acres (APN 36-31-15-00000-310-0400)
DESCRIPTION
Positioned in the heart of one of Florida’s most iconic beach communities, 7308 Sunset Way presents a rare and compelling opportunity to acquire a legacy waterfront site in St. Pete Beach. Spanning approximately 0.5 acres across three tax parcels, this property offers unmatched development potential with direct water frontage and sweeping views. Formerly home to the beloved Woody’s Waterfront Café, the site carries deep local significance and may qualify for historic designation—opening the door to preservation grants and tax incentives. Zoned CG-2 (Commercial General), the property supports a wide range of commercial uses including restaurants, retail, professional offices, entertainment venues, and lodging. Its flexible zoning, combined with the availability of a 4COP liquor license and the Woody’s trade name, makes it especially attractive for restaurateurs and hospitality developers seeking a turnkey branding advantage. The site’s location is second to none. Just steps from the Gulf of Mexico and surrounded by a vibrant mix of residential, retail, and tourist activity, it benefits from year-round foot traffic and a built-in customer base. With proximity to major thoroughfares like Gulf Blvd and Pasadena Ave (27,000 VPD), and within a 45-minute drive to Tampa, the property is ideally situated for both local and regional access. Whether restoring a cherished landmark or launching a bold new concept, this is a once-in-a-generation chance to shape the future of St. Pete Beach’s waterfront. Contact Compass for a private tour and development consultation.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $163,104 | |
| Land Assessment | $1,568,696 | Total Assessment | $1,731,800 |
PROPERTY TAXES
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7308 Sunset Way - Premier Waterfront Parcel with CG-2 Zoning
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