This exceptional 5,488 square foot restaurant space presents a rare second-generation opportunity in South Tampa, Florida. Located at 5252 S Dale Mabry Hwy, this vacant property boasts a fully equipped kitchen featuring a hood system, grease trap, walk-in cooler, and freezers. The space comfortably seated nearly 100 patrons in its previous iteration, which operated successfully for over 25 years. Situated on a 0.31-acre lot, the property includes 20 on-site parking spaces. The high-traffic location sees over 33,000 vehicles daily. An adjacent 0.21-acre lot (2,270 sq ft) with grandfathered zoning is optionally available for purchase at $450,000, offering potential for additional parking or redevelopment. This combined 0.53-acre parcel presents a unique opportunity for expansion or enhanced functionality. The building was constructed in 1954 and is zoned CG. The asking price for the restaurant building is $1,350,000 ($245.99/sq ft). This property is ideal for an established restaurant seeking expansion or a new business looking for a turnkey operation in a prime South Tampa location. The previous tenant's long-term success speaks to the location's viability and potential.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$3,142,398
6.5%
$2,900,675
7%
$2,693,484
Comparable approach
Method
Valuation
Relative Method
$2,525,729
Geo Method
$2,525,729
Alternative Use
Use
Valuation
Residential
$2,446,828
Hospitality
$2,241,281
Educational
$1,864,720
Medical
$1,928,850
Retail
$2,900,675
Location Insight
City
Tampa
County
Hillsborough
State
Florida
Latitude
27.8882
Longitude
-82.5061
CBSA code
45300
CBSA name
TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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