5804 54Th AveKenneth City, FL 33709
- Retail properties
- 1,890 SF
Property Details for 5804 54Th Ave
- Year built
- 1960
- Construction
- WOOD FRAME
- Lot size
- 0.51 AC
- Property size (Sq ft)
- 1,890 SF
- Property type
- Retail properties
- Property subtype
- Drive through restaurants
- APN
- 05-31-16-46044-000-0022
- APU
- 53116460440000022
Description
This exceptional turnkey restaurant opportunity presents a fully equipped and furnished 1,935 square foot quick-service restaurant (QSR) located in Kenneth City, Florida. Situated on a 0.52-acre outparcel at the highly visible, lit intersection of 54th Ave N and 58th St N, this property boasts an impressive average annual daily traffic count of 22,300 vehicles. The 2022 renovation is complete, including brand new HVAC units, electrical, plumbing, and a state-of-the-art 4K CCTV and sound system. The interior features approximately 50 seats, with ample additional outdoor seating. A functional drive-thru with a large queue, new backlit LED menu signage, and advanced communication technology is already in place. The property includes 36 parking spaces and prominent LED backlit pylon signage visible from the intersection. The fully equipped kitchen features a 3-group espresso machine and grinder, convection oven, three coolers, a freezer, prep tables, two sandwich prep coolers, Square POS systems, a 30lb ice machine, and two commercial Blendtec blenders. This NNN-leased property is ideally positioned in front of a Winn Dixie, between the upcoming Sprouts and Tesla locations, offering exceptional visibility and access to a thriving customer base. The beautiful restrooms are also newly renovated. This is a truly turn-key operation ready for immediate occupancy.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $541,624
- 6.5%
- $499,961
- 7%
- $464,249
-
Comparable approach
- Method
- Valuation
- Relative Method
- $525,242
- Geo Method
- $525,242
-
Alternative Use
- Use
- Valuation
- Residential
- $421,735
- Hospitality
- $386,307
- Educational
- $321,403
- Medical
- $332,457
- Retail
- $499,961
Location Insight
- City
- Kenneth City
- County
- Pinellas
- State
- Florida
- Latitude
- 27.8207
- Longitude
- -82.7127
- CBSA code
- 45300
- CBSA name
- TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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