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: |
$1,500,000 |
| Unit Price: |
$362.93 PSF |
| Property Use Type: |
Business |
| Sale Terms: |
Undisclosed |
| Cap Rate: |
6.47% |
| Last Updated: |
11/15/2023 |
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 |
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
2,870 |
4,075 |
| Median Age: |
48.57 |
48.5 |
| Households: |
1,334 |
1,858 |
|
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