5804 54Th AveKenneth City, FL 33709

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

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.

• 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

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