Two-Story Turn-Key
For Sale
Contact for pricing
3983 Destination Dr, Osprey, FL 34229
Turn-key two-story restaurant space zoned CG with seating for up to 150 and FF&E included for immediate operations.
Property Size3,871 SF
Price / SF$333.25
Days on Market107
Property Features for 3983 Destination Dr
General Information
Standard status
Active
Size
3,871 SF
Property subtype
RETAIL
Zoning
CG
Site & Location
Pylon Signage
Yes
Highway Access
Yes
Road Access
Yes
Restaurant
Seating Capacity
150
Patio
Yes
Equipment Included
Yes
Additional Details
Furnished
Yes
Building Details
Stories
2
Listing Agency:
MS&C Commercial
(941) 809-6351
Listed By:
Eric Massey · License #604760
(941) 809-6351
Source:
Moodyscre
Added: Apr 16
Changed: Jul 30
Last Checked: Jul 31 at 3:16AM
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 MS&C Commercial
Investment Insights
Based on property information with market context.
Turn-key two-story restaurant space offered as a complete package, with FF&E included for the kitchen, bars, seating, and fixtures throughout. The property totals 3,871 SF across two floors and is designed to accommodate dining both indoors and outdoors, with seating up to 150 guests.
Set at the corner of East Bay Street and US-41/Tamiami Trail in Osprey, the space is zoned CG and positioned for strong visibility with prominent signage on the entrance tower. The building includes an outdoor bar with wrap-around seating, a centralized indoor bar, and dining areas on the ground level. Upstairs, there is a balcony and flexible seating that can support private events, overflow nights, or dedicated VIP use.
Within the Bay Street Village & Towncenter, the property offers abundant parking and easy access in a mixed-use setting. Whole Foods and Trader Joe’s are currently under construction about 2.8 miles north, supporting continued retail and residential growth in the broader area.
Set at the corner of East Bay Street and US-41/Tamiami Trail in Osprey, the space is zoned CG and positioned for strong visibility with prominent signage on the entrance tower. The building includes an outdoor bar with wrap-around seating, a centralized indoor bar, and dining areas on the ground level. Upstairs, there is a balcony and flexible seating that can support private events, overflow nights, or dedicated VIP use.
Within the Bay Street Village & Towncenter, the property offers abundant parking and easy access in a mixed-use setting. Whole Foods and Trader Joe’s are currently under construction about 2.8 miles north, supporting continued retail and residential growth in the broader area.
Key Highlights
- Turn‑key restaurant with FF&E included, including kitchen, bars, seating, and fixtures
- 3,871 SF two‑story build‑out with indoor and outdoor dining
- Seats up to 150 guests across indoor and outdoor areas
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 | $96.6k | $24.96 |
| − Vacancy | −$5.3k | −$1.37 |
| EGI | $91.3k | $23.59 |
| − OpEx | −$22.8k | −$5.90 |
| NOI | $68.5k | $17.69 |
3,871 SF · lease $24.96/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$978.3K
$856.0K – $1.14M
NOI $68,480 @ 7.0% cap · market cap 5.31%
Second Best
Industrial
$637.7K
$558.0K – $744.0K
NOI $44,639 @ 7.0% cap · market cap 3.46%
Theoretical Best
Office A
$1.10M
$962.7K – $1.28M
NOI $77,012 @ 7.0% cap · market cap 5.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
437
Businesses Nearby
100k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 81%
Shops & Services 19%
Walmart
Superstores
80,599 visits/mo
0.2 miles
Murphy USA
Shops & Services
11,555 visits/mo
0.0 miles
BP
Shops & Services
7,450 visits/mo
0.2 miles
Extra Space Storage
Shops & Services
412 visits/mo
0.5 miles
Demographics for 34229, FL
7,780
Population
4,662
Households
1.7
Avg Household Size
63
Median Age
58%
College-Educated
97%
High-School Grad
6.0 sq mi
ZIP Area
1,297
Density / Sq Mi
$93,949
Median Household Income
$56,047
Median Earnings
$2,008
Median Rent
$635,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Turn-key two-story restaurant space zoned CG with seating for up to 150 and FF&E included for immediate operations.
Where is this conventional restaurant located?
The property is located at 3983 Destination Dr Osprey, FL.
What is the asking price?
The asking price for this property is $1,290,000.
What are key features of this property?
This property features: Turn‑key restaurant with FF&E included, including kitchen, bars, seating, and fixtures; 3,871 SF two‑story build‑out with indoor and outdoor dining; Seats up to 150 guests across indoor and outdoor areas
