For Sale
$2,800,000

2284 Gulf To Bay Blvd Clearwater, FL 33765

Established Persian eatery, high-traffic location.

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional investment opportunity presents a well-established Persian restaurant located at 2284 Gulf to Bay Blvd, Clearwater, Florida 33765, in Pinellas County. Boasting over 20 years of operational history, this single-tenancy restaurant occupies a substantial 29,512 square feet on a lot exceeding half an acre. The property benefits from a prime location within a bustling business district, just minutes from the popular Gulf Beaches, ensuring high visibility and consistent customer traffic. The restaurant features both indoor and outdoor seating areas to accommodate a large number of patrons, along with three bathrooms for guest convenience. Currently operating at 100% occupancy, this turnkey operation is offered at an asking price of $2,800,000 with an attractive 8.00% cap rate. The sale is structured as a 1031 exchange, providing significant tax advantages for qualified buyers. The lease is an Absolute NNN, minimizing landlord responsibilities. This is a rare opportunity to acquire a thriving, long-standing restaurant with significant growth potential in a highly desirable location. The property's size and location make it an ideal investment for both seasoned restaurateurs and astute real estate investors seeking a stable, high-return asset. Contact us today to schedule a private showing.

Property Details for 2284 Gulf To Bay Blvd

Property type
Retail properties, Restaurants
Square Feet
29,512 SF

Location Insight

City
Clearwater
County
Pinellas
State
Florida
Latitude
27.960848652374
Longitude
-82.742791966389

FAQs

What type of property is this?
Retail property - Established Persian eatery, high-traffic location.
Where is the retail property located?
The property is located at 2284 Gulf To Bay Blvd Clearwater, FL.
What is the asking price?
The asking price for this property is $2,800,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
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2284 Gulf To Bay Blvd
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