7308 Sunset Way - Restaurant FOR SALE


St Pete Beach, FL 33706
$4,450,000 USD
561-232-7899
7308 Sunset Way, St Pete Beach, FL for Sale
$4,450,000 USD
Restaurant - FOR SALE
1/26
null | Request Cap Rate

7308 Sunset Way
St Pete Beach, FL 33706


HIGHLIGHTS

  • Ultra-Rare Waterfront Redevelopment Opportunity
  • Flexible CG-2 Zoning with Expansive, Unmatched Water Views
  • Potential Transfer of Woody’s Waterfront Tradename & Liquor License
  • Historic Redevelopment Potential with Infrastructure & Utilities in Place
  • Proven Market Demand with Tremendous Historical Operational Profitability
  • Flexible Terms Considered and Brokers Protected.

OVERVIEW

Discover a rare opportunity to own an iconic piece of St. Pete Beach history at 7308 Sunset Way. This extraordinary property, spanning three separate tax parcels totaling 0.5 acres, sits on a picturesque waterfront setting that once housed the beloved Woody’s Waterfront Café. Whether you’re envisioning the revival of a local landmark or a completely new venture, this property offers boundless potential. This property is being sold as-is, offering a rare opportunity for a new owner to reimagine its future. After generations of successful operations as a local landmark, the recent hurricanes have rendered the site unusable, and ownership has made the difficult decision not to rebuild the once-iconic Woody’s Waterfront. This presents a blank slate for redevelopment in one of St. Pete Beach’s most sought-after waterfront locations, where vision and investment can bring a new concept to the site or revive the proven success of the waterfront restaurant and bar. Property Highlights: • Expansive 0.5-Acre Lot: With three distinct parcels, the property provides ample space for a range of development opportunities in a prime coastal location. • Unparalleled Waterfront Views: Nestled along the water, the property offers breathtaking scenery, ideal for outdoor dining, entertainment, or other vibrant waterfront uses. • Zoning Flexibility: Zoned for commercial use, this property is perfectly suited for a restaurant, retail, or other income-generating ventures. Connect with the City of St. Pete Beach’s Planning and Zoning Division to explore approved uses and tailored development possibilities. • Historical Significance: Formerly a celebrated local gathering spot, the property may qualify for historic designation, unlocking potential grants, preservation incentives, and tax benefits through the City of St. Pete Beach’s Historic Preservation Board. • Rebuild with Resilience: Located in a VE flood zone, this property offers an excellent opportunity to construct a hurricane-resilient, code-compliant structure while incorporating modern design elements to maximize safety and functionality. Unmatched Location: Situated in one of Florida’s most vibrant beach communities, 7308 Sunset Way offers easy access to the pristine Gulf beaches, a bustling local scene, and a steady flow of visitors year-round. Its prime location ensures maximum exposure and a built-in customer base for any commercial endeavor. Your Vision, Unlimited Potential: This property is a blank canvas waiting for the right owner to bring it to life. Whether you’re inspired to restore the legacy of Woody’s Waterfront Café or create a brand-new destination, 7308 Sunset Way is a once-in-a-lifetime chance to own a part of St. Pete Beach history and shape its future. Don’t miss this opportunity to own a unique waterfront property with unlimited potential. All Reasonable Offers and Terms Considered. Buyer-Agent Participation.

FOR SALE DETAILS

PRICE

$4,450,000 USD

PRICE/SF

$1,859 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Prime Waterfront Redevelopment Opportunity

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1945

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,557 SF

ZONING

CG-2

APN/PARCEL ID

36-31-15-00000-310-0400,36-31-15-00000-310-0500,36-31-15-00000-310-0600

ASK ABOUT THIS PROPERTY

Brad KuskinGoCommercial at CompassMore Info
561-232-7899

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Brad KuskinGoCommercial at CompassMore Info
561-232-7899

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.