Waterfront Commercial Property on
1050 W BURLEIGH BOULEVARD Tavares, FL 32778
1050 W BURLEIGH BOULEVARD, Tavares, FL, 32778
$460,000
For Sale
$460,000
Waterfront commercial property with redevelopment potential on the Chain of Lakes.
Property Size2,070 SF
Lot Size0.28 Acres
Price / SF$222.22
Days on Market222
Property Features for 1050 W BURLEIGH BOULEVARD
General Information
- Standard status
- Active
- Size
- 2,070 SF
- Lot size
- 0.28 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1967
Listing Agency
DOWN HOME REALTY, LLLP
(352) 753-0976
Listed by
COLLEEN A. KRAMER · License #3019010
Source
Corcoran
Added: Dec 10, 2025 Checked: Jul 19 at 4:47 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of DOWN HOME REALTY, LLLP
Investment Insights
Based on property information with market context.
This waterfront commercial property, formerly home to Sinbad’s and the Pontoon Saloon, offers redevelopment, revitalization, or new business concept opportunities. The existing restaurant and bar structure includes commercial kitchen equipment, bar appliances, furniture, and fixtures. Convenient water access makes this location suitable for boat-up customers, sunset dining, private events, and weekend entertainment. The Chain of Lakes is known for its active boating community. The lot size allows for outdoor seating, expanded dock space, tiki huts, a live music stage, or event hosting areas. Zoning supports commercial use, including a restaurant, bar, marina shop, rental business, bait and tackle store, café, or multi-use waterfront destination. The property is 2070 square feet.
Key Highlights
- Prime waterfront location on the Chain of Lakes offering high visibility and year‑round traffic.
- Existing restaurant/bar is fully equipped with commercial kitchen equipment, bar appliances, furniture, and fixtures.
- Significant redevelopment potential for various business concepts.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.7k | $21.60 |
| − Vacancy | −$1.7k | −$0.82 |
| EGI | $43.0k | $20.78 |
| − OpEx | −$10.8k | −$5.19 |
| NOI | $32.3k | $15.58 |
2,070 SF · lease $21.60/SF/yr · vacancy 3.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$460.9K
$403.3K – $537.7K
NOI $32,260 @ 7.0% cap · market cap 7.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$589.1K
$515.4K – $687.2K
NOI $41,234 @ 7.0% cap · market cap 8.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
ATM
Atm
KATs Grill
Restaurant
Pontoon Saloon
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Restaurant - Waterfront commercial property with redevelopment potential on the Chain of Lakes.
Where is this restaurant located?
The property is located at 1050 W BURLEIGH BOULEVARD Tavares, FL.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: Prime waterfront location on the Chain of Lakes offering high visibility and year‑round traffic.; Existing restaurant/bar is **fully equipped with commercial kitchen equipment, bar appliances, furniture, and fixtures.**; Significant redevelopment potential for various business concepts.
