Description
Indian Rocks Beach Commercial Building, Cash-flowing business and rental potential for sale. This asset features a restaurant in the commercial retail space, an existing residential unit on the back of the building and several plans for expansion. Utility infrastructure for separately metered utilities is already in place. The restaurant has had multiple consecutive increases in Gross Revenue YOY. The back residential unit could be used as owners quarters, short term rental or long term rental. In 2017, a zoning variance was granted to allow for two residential units on top of the restaurant space. In addition, the existing ownership group has designed and developed plans for an attic expansion on top of the existing residential unit. The possibilities are endless with this commercial asset located across the street from the Gulf of Mexico. Ideal purchase for experienced restauranteurs who would like to have a beach location and auxiliary income from rental assets. Business tax returns will be provided with executed NDA.
Location
Courtesy of: COASTAL PROPERTIES GROUP All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale. Availability of any listing should always be independently verified. Listing information is provided by My Florida Regional MLS DBA Stellar MLS for consumer personal, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may violate relevant federal and state law. Updated: 30th January, 2023 7:23 AM (UTC)
