For Sale
$3,400,000

6523-6531 Gateway AveSarasota, FL 34231

Turnkey Restaurant, June 2024 Opening

Overview

Added:
Dec 11, 2024
Days on market:
114
Prime Sarasota location in the vibrant Gulf Gate entertainment district, this 8,000 sq ft, fully equipped restaurant and bar is ready for immediate operation. The property, formerly a nightclub, has undergone a complete renovation, completed by June 1, 2024, featuring a new roof, ADA-compliant restrooms, seven new HVAC systems, a walk-in cooler, and a point-of-sale system. The expansive space includes two large bar areas, multiple dining rooms with booth and table seating (151 seats total), and a brand-new commercial kitchen. Designed for versatility, the layout allows for private party sections and even includes a stage for live music. This fee-simple ownership opportunity includes three parcels (APN: 0104010092, 0104010096, 0104010097) on a 0.36-acre lot, zoned CG - Commercial General. The asking price is $3,400,000 ($425/sq ft). This turnkey establishment is poised to impress its new owner and offers immediate occupancy. The property is located at 6523-6531 Gateway Ave, Sarasota, FL 34231. Built in 1979 and extensively renovated in 2024, this Class A property presents a unique opportunity in a high-demand area.

Highlights

  • $3,400,000 asking price for this 8,000 SF turnkey restaurant and bar.
  • Located in Sarasota, FL's Gulf Gate entertainment district, minutes from Siesta Key.
  • Features three units totaling 8,000 square feet, with a price per square foot of $425.
  • Completely renovated, with completion slated for June 1, 2024.
  • Includes two expansive bar areas, multiple dining rooms, a new commercial kitchen, and a stage for live music.
  • Equipped with a new roof, ADA-compliant restrooms, seven new HVAC systems, and a walk-in cooler.

Property Details for 6523-6531 Gateway Ave

Property type
Retail properties, Restaurants
Square Feet
8,000 SF
Class
A
Year Built/Renovated
1979/2024
Buildings
1
Stories
1
Lot Size (sq. ft)
15,682 SF
Units
3

Location Insight

City
Sarasota
County
Sarasota
State
Florida
Latitude
27.26083721346
Longitude
-82.516423087388
6523-6531 Gateway Ave, Sarasota, Florida

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6523-6531 Gateway Ave
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