Listing Agency: Anchor Realty Florida l***@anchorfl.com Show Phone

Listed By: Lance Bockelman · License #3503162 Show Phone

Source: Exprealty

Added: Oct 8, 2025 Changed: Aug 8 Last Checked: Aug 17 at 5:39PM

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Investment Insights

Based on property information with market context.

Mango Mike’s is a fully operational, turnkey tiki-style restaurant built in 2017, configured for a 150-seat dining experience. The concept includes a welcoming horseshoe-shaped bar with TVs throughout, a dedicated stage for live music, and an outdoor lawn suited for casual entertainment. The sale includes furniture, fixtures, and equipment, along with a coveted 8 COP liquor license that allows full liquor service, package sales, and no minimum food requirement. An elevator serves the full commercial kitchen and restrooms to support efficient day-to-day operations. The restaurant spans 4,550 square feet under roof, plus an additional 950 square feet of heated and cooled space.

The property sits on seven commercial lots just a few hundred feet from the historic lighthouse and public beach access on St. George Island. The offering is presented as a prime commercial opportunity with a stated 9.53% CAP rate.

For operators and investors seeking a beach-market restaurant with an established setup, this turnkey package combines food and beverage functionality with live entertainment space and an outdoor area for seasonal programming. The inclusion of the liquor license and operational equipment supports immediate use, while the kitchen and restroom access via elevator is built in for smooth service.

Key Highlights

• Turnkey, fully operational tiki‑style restaurant built in 2017 with seating for 150
• 4,550 SF under roof plus 950 SF of heated and cooled space
• Elevator serves the full commercial kitchen and restrooms for efficient operations

Property Analytics

Property Profile

Current Use

Mango Mike's Restaurant

Suggested Use

Top Pick Building Supply Storage Facility (Bike/Boat/Book/etc) Store Hair Salon Big Box & Wholesale Store Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

191

Businesses Nearby

9k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Groceries 79% Dining 21%

Piggly Wiggly Groceries

7,371 visits/mo 0.0 miles

SUBWAY Dining

1,904 visits/mo 0.2 miles

Demographics for 32328, FL

3,721

Population

3,029

Households

1.2

Avg Household Size

51

Median Age

34%

College-Educated

91%

High-School Grad

85.8 sq mi

ZIP Area

43

Density / Sq Mi

$67,833

Median Household Income

$34,103

Median Earnings

$850

Median Rent

$341,000

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Turnkey tiki-style restaurant with full liquor service and an elevator-served kitchen, built in 2017.

Where is this conventional restaurant located?

The property is located at 36 W Pine Ave Saint George Island, FL.

What is the asking price?

The asking price for this property is $2,199,000.

What are key features of this property?

This property features: Turnkey, fully operational tiki‑style restaurant built in 2017 with seating for 150; 4,550 SF under roof plus 950 SF of heated and cooled space; Elevator serves the full commercial kitchen and restrooms for efficient operations