5804 54Th AveKenneth City, FL 33709

  • Retail properties
  • 1,890 SF
For Sale

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
5804 54Th Ave, Kenneth City, Florida

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$7,955
-
-
$387,000
-
$299,518
$87,482
$387,000

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