Restaurant Property on 0.67
1128 ALTERNATE HWY 19, Holiday, FL 34691
Restaurant property with retail space and outdoor features for sale.
Type:Commercial
Property size:
3,214 SFLot size:
0.67 AcresPrice / SF:
$210/SF- Added:
- Oct 8, 2025
- Days on Market:
- 235
- Last Refresh:
- May 27 at 7:27 am
Property Features for 1128 ALTERNATE HWY 19
General Information
- Standard status
- Active
- Size
- 3,214 SF
- Lot size
- 0.67 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1971
Listing agent TIM DIESEL, PA License #3275749
Listing office F I GREY & SON RESIDENTIAL (727) 495-2424
Listing date Oct 8, 2025
Source Corcoran
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 F I GREY & SON RESIDENTIAL
HighLights
- Ideal for full‑service restaurant use thanks to CMAJI‑1/CMAJI‑2 zoning.
- Approximately 3200 sq ft of retail space on 0.67 acres.
- Includes a service/production area (340 sq ft) and finished storage (284 sq ft).
- Features 25,000 sq ft of asphalt paving and a 200 sq ft sundeck.
- Benefit from concrete block exterior and built‑up tar and gravel roof.
- Includes a 2023 shed.
Overview
This restaurant property encompasses 0.67 acres and features approximately 3200 sq ft of retail space. The building has a concrete block exterior and a built-up tar and gravel roof. Interior features include ceramic tile flooring and a packaged rooftop A/C unit. The property includes a 340 sq ft service/production area and 284 sq ft of finished storage. Additional features include 25,000 sq ft of asphalt paving, a 200 sq ft sundeck, and a shed built in 2023. Zoned CMAJI-1/CMAJI-2, the property is suitable for full-service restaurant use. As the property has been vacant, an inspection is recommended to verify the functionality of the building's systems.
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 | $50.1k | $15.60 |
| − Vacancy | −$2.5k | −$0.78 |
| EGI | $47.6k | $14.82 |
| − OpEx | −$11.9k | −$3.70 |
| NOI | $35.7k | $11.11 |
3,214 SF · lease $15.60/SF/yr · vacancy 5.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$510.3K
$446.6K – $595.4K
NOI $35,724 @ 7.0% cap · market cap 5.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$732.1K
$640.6K – $854.2K
NOI $51,249 @ 7.0% cap · market cap 7.59%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Conventional restaurants
Location Insight
- Map
- Local Demand
- City
- Holiday
- County
- Pasco
- State
- Florida
- Longitude
- -82.7471547
- Latitude
- 28.17512
Nearby Similar for Sale
FAQs
What type of property is this?
Conventional restaurant - Restaurant property with retail space and outdoor features for sale.
Where is this conventional restaurant located?
The property is located at 1128 ALTERNATE HWY 19 Holiday, FL.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Ideal for full‑service restaurant use thanks to CMAJI‑1/CMAJI‑2 zoning.; Approximately 3200 sq ft of retail space on 0.67 acres.; Includes a service/production area (340 sq ft) and finished storage (284 sq ft).
