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Renovated Mixed-Use Hospitality Property
For Sale
$2,450,000

765 3RD Avenue, Welaka, FL 32189

Hospitality venue with restaurant, bar, event areas, kitchen facilities, and a separate rental residence.

Property SizeContact for details
Lot Size1.83 Acres
Days on Market221

Property Features for 765 3RD Avenue

General Information

Standard status Active
Lot size 1.83 Acres
Property subtype Mixed Use

Financials

Asking Price $3,400,000
Business Included Yes

Units

Unit Mix 1 x 2BR/1BA
Multifamily Units 1

Taxes and HOA fees

Annual Taxes $11,097

Amenities

3
City Road.

Building Details

Year Built 1968
Year Renovated 2022
Listing Agency: WATSON REALTY CORP
Listed By: RAE MALEE WALSH · License #3555972
Source: Xome
Added: Dec 27, 2025 Changed: Aug 3 Last Checked: Aug 5 at 4:47AM

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 WATSON REALTY CORP

Investment Insights

Based on property information with market context.

This mixed-use hospitality property combines a restaurant, bar, bingo and event room, dining areas, and a kitchen complex on 1.83 acres. The improvements were renovated in 2022 and include 9 bathrooms, with 4 interior and 5 exterior facilities. The venue provides seating for 450+ guests across indoor and outdoor areas.

A separate 2-bed/1-bath rental home is included on the site, adding a residential component to the commercial property. The overall configuration includes dedicated bar, restaurant, event, dining, kitchen, and outdoor entertainment areas. Originally built in 1968, the property is located at 765 3RD Avenue in Welaka, Florida.

Key Highlights

  • 1.83‑acre mixed‑use hospitality property in Welaka, FL
  • 450+ total seats across indoor and outdoor areas
  • Renovations completed in 2022

Property Analytics

Current Use

Shrimp R Us ... Restaurant

Suggested Use

Top Pick Big Box & Wholesale Store Pharmacy Real Estate Agency Building Supply Hair Salon Auto Parts 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.

Lease Details

1
Residential units
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

92
Businesses Nearby
9k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 100%
Mobil Shops & Services
3,326 visits/mo 0.2 miles
Dollar General Shops & Services
3,168 visits/mo 0.4 miles
Kangaroo Express Shops & Services
3,002 visits/mo 0.2 miles

Demographics for 32189, FL

5,887
Population
3,619
Households
1.6
Avg Household Size
53
Median Age
13%
College-Educated
78%
High-School Grad
29.3 sq mi
ZIP Area
201
Density / Sq Mi
$42,566
Median Household Income
$31,875
Median Earnings
$819
Median Rent
$118,200
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
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Hospitality venue with restaurant, bar, event areas, kitchen facilities, and a separate rental residence.
Where is this mixed-use property located?
The property is located at 765 3RD Avenue Welaka, FL.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: 1.83‑acre mixed‑use hospitality property in Welaka, FL; 450+ total seats across indoor and outdoor areas; Renovations completed in 2022
More about this property
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