Indian Rocks Beach multi-use investment property for sale. This 4,872 square foot building is located across the street from the Gulf of Mexico. This sale-leaseback will contemplate the existing restaurant owner signing a NNN lease at market rates. The residential unit has just come online as a short-term rental and is booking up for the Winter season. In addition to the two existing revenue streams, the owner has secured zoning entitlements for future expansion opportunity (two apartments). Utility infrastructure for separately metered utilities, is already in place. Don’t miss your chance in acquiring an asset that has a pro-forma double digit cap rate. Owner financing available with a substantial down payment.
Listing courtesy of COASTAL PROPERTIES GROUP.