Neighborhood: Indian Beach Re-revised, 33785 - Indian Rocks Bch/belleair Bch/indian Shores
Property Taxes: $11,726
Tax Year: 2021
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.
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