Rosemary Beach Income Producing

Retail-Commercial for Sale
Catylist Listing ID: 30859384
Property Subtypes: Restaurant
Building Size (RSF): 4,133 SF
Gross Building Area: See Agent
Sale Price: $1,300,000
Unit Price: $314.54 PSF
Property Use Type: Business
Sale Terms: Undisclosed
Cap Rate: 6.47%
Last Updated: 3/30/2024

Overview / Comments

Outstanding opportunity to acquire a full service restaurant with rooftop bar within ‘The Pointe’ resort development in the County Highway 30A Corridor in Inlet Beach, FL. This ground floor restaurant condominium unit features 2,136
HVAC area plus covered outdoor pool-side seating dining which expands patron seating capacity substantially. The gulf-view rooftop bar is an appurtenant benefit to the restaurant unit and may be leased to provide additional income. Expansive views of the Rosemary Beach area, 30A corridor and Gulf of Mexico abound from this exclusive fourth floor rooftop lounge. As both an amenity to the parent development of ‘The Pointe’ resort development, which hosts a resort-destination
location and 68 on-property condominium units, as well as significant foot traffic from the 30A corridor resort areas, this property is well positioned for an investor, owner-operator or event entertainment purveyor.

Additional Details

Nearest MSA: Panama City
County: Bay
Taxing Authority: Walton
Tax ID/APN: 36-3S-18-16105-000-00B0
Retail Clientele: Tourist
Largest Nearby Street: Highway 30A
Highway Access: Highway 30A Highway 98
Airports: VPS, PNS, ECP
Tenancy: Multiple Tenants
Year Built: 2017
Parking Type: Surface
Zoning Description: Mix Use

View FullscreenMap

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 2,870 4,075
Median Age: 48.57 48.5
Households: 1,334 1,858

Contact

Photograph of Listing Agent

Chad Knaepple CCIM, SIOR

Taylor Allen Properties LLC Gulf Coast CMLS Member
© Copyright 2024 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Gulf Coast CMLS nor Moody's assume any liability for errors or omissions.