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RESTAURANT MARINA GULF ACCESS PORT RICHEY TREADWAY DR US 19 7,000 SF 100% Leased Retail Building Port Richey, FL 34668 $2,700,000 ($385.71/SF) 14.44% Cap Rate
Investment Highlights
- KEY WEST STYLE WATERFRONT RESTAURANT, DOCKS, DECKS MULTI FLOORS
- WATER VIEWS PLUS COMMERCIAL BOAT WET SLIP INCOME IN PLACE INCREASING
- ENTIRE KITCHEN AND RESTAURANT INFRASTRUCTURE & EQUIPMENT ON 2 FLOOR
- BEACH VIBE 2ND GEN RESTAURANT CURRENTLY 150 PLUS SEATING UNDER SRX LIC
- Flexible commercial C2 zoning maximizing development density and use cases, capitalize on the city's backed Cote River Landing vision driving strong a
- WATERFRONT ENTERTAINMENT DESTRICT NEXT TO HOOTERS HIGH VOL RESTAURANT NIGHT CLUBS BAR AND GRILL
Executive Summary
Value enhanced by 15% plus percent through planned cosmetic upgrades, value add through conversion of unutilized space Proforma for compound return annual growth of approximately 13%-15% and add NOI increases . TEAM GRIMALDI C0M FLORIDA WATERFRONT RESTAURANT MARINA BAR AND GRILL FOR SALE...OWN A FLORIDA ICON 2nd GENERATION HIGH VOLUME RESTAURANT BAR AND GRILL.
WATERFRONT,COMMERCIAL MARINA GULF ACCESS LOCATED NEXT TO HOOTERS RESTAURANT BAR MUST SEE PRIME LOCATION WEST COAST FLORIDA INVESTMENT AND FOR RESTAURANT & MARINA OPERATOR OWNER.. Short term lease tenants in place with increasing income Also additional wet slip Marina and parking income in place increasing. Dual income streams from active commercial tenants and premium Marina slip rentals. High demand wet slips with direct Gulf of Mexico access, Providing a reoccurring secondary revenue stream. Commercial waterfront restaurant a fully operational premier waterfront restaurant asset generating strong passive income. With additional versatile land tailored for high density major development, mixed use or hospitality expansion. High demand on the Gulf
CONTACT US DIRECT FRANK 813-431-8080 FOR MORE INFORMATION AND SHOWING. MARINAS & RESTAURANTS ON GULF
CONFIDENTIAL!! PLEASE DO NOT DISTURB TENANTS OR EMPLOYEES. TEAM GRIMALDI REALTY PROPERTIES DIRECT 813-431-8080
WATERFRONT,COMMERCIAL MARINA GULF ACCESS LOCATED NEXT TO HOOTERS RESTAURANT BAR MUST SEE PRIME LOCATION WEST COAST FLORIDA INVESTMENT AND FOR RESTAURANT & MARINA OPERATOR OWNER.. Short term lease tenants in place with increasing income Also additional wet slip Marina and parking income in place increasing. Dual income streams from active commercial tenants and premium Marina slip rentals. High demand wet slips with direct Gulf of Mexico access, Providing a reoccurring secondary revenue stream. Commercial waterfront restaurant a fully operational premier waterfront restaurant asset generating strong passive income. With additional versatile land tailored for high density major development, mixed use or hospitality expansion. High demand on the Gulf
CONTACT US DIRECT FRANK 813-431-8080 FOR MORE INFORMATION AND SHOWING. MARINAS & RESTAURANTS ON GULF
CONFIDENTIAL!! PLEASE DO NOT DISTURB TENANTS OR EMPLOYEES. TEAM GRIMALDI REALTY PROPERTIES DIRECT 813-431-8080
Data Room Click Here to Access
Financial Summary (Pro Forma - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
$2,200,000
|
$314.29
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$2,200,000
|
$314.29
|
| Taxes |
$19,000
|
$2.71
|
| Operating Expenses |
$54,000
|
$7.71
|
| Total Expenses |
$73,000
|
$10.43
|
| Net Operating Income |
$2,127,000
|
$303.86
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | $2,200,000 |
| Annual Per SF | $314.29 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $2,200,000 |
| Annual Per SF | $314.29 |
| Taxes | |
|---|---|
| Annual | $19,000 |
| Annual Per SF | $2.71 |
| Operating Expenses | |
|---|---|
| Annual | $54,000 |
| Annual Per SF | $7.71 |
| Total Expenses | |
|---|---|
| Annual | $73,000 |
| Annual Per SF | $10.43 |
| Net Operating Income | |
|---|---|
| Annual | $2,127,000 |
| Annual Per SF | $303.86 |
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
7,000 SF
Building Class
B
Year Built/Renovated
1998/2022
Price
$2,700,000
Price Per SF
$385.71
Cap Rate
14.44%
NOI
$390,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.57
Lot Size
0.28 AC
Zoning
C2 - C2 COMMERCIAL RETAIL RESTAURANT BAR AND GRILL. RESORT HOTEL COMMERCIAL MIXED ZONING DEVELOPMENT AND COMMERCIAL WET SLIPS
Parking
55 Spaces (7.86 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
- Restaurant
- Signage
- Waterfront
- Monument Signage
- Balcony
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- CANCUN BEACH BAR AND GRILL
- Retailer
- -
- -
- -
- Hooters restaurant location next door
- Accommodation and Food Services
- -
- -
- -
- Restaurant for sale must see
- Accommodation and Food Services
- -
- -
- -
- Seaside bar and grill
- Accommodation and Food Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| CANCUN BEACH BAR AND GRILL | Retailer | - | - | - | ||
| Hooters restaurant location next door | Accommodation and Food Services | - | - | - | ||
| Restaurant for sale must see | Accommodation and Food Services | - | - | - | ||
| Seaside bar and grill | Accommodation and Food Services | - | - | - |
Fairly walkable
40/100
Very drivable
80/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 32-25-16-0260-00000-0020 | Total Assessment | $501,421 (2026) |
| Land Assessment | $278,438 (2026) | Annual Taxes | $19,000 ($2.71/SF) |
| Improvements Assessment | $222,983 (2026) | Tax Year | 2025 Payable 2026 |
Property Taxes
Parcel Number
32-25-16-0260-00000-0020
Land Assessment
$278,438 (2026)
Improvements Assessment
$222,983 (2026)
Total Assessment
$501,421 (2026)
Annual Taxes
$19,000 ($2.71/SF)
Tax Year
2025 Payable 2026
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RESTAURANT MARINA GULF ACCESS PORT RICHEY | TREADWAY DR US 19
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