Building Details

Year Built 1968

Listing Agency: WATSON REALTY CORP r***@watsonrealtycorp.com Show Phone

Listed By: RAE MALEE WALSH · License #0695395

Source: Xome

Added: Dec 18, 2025 Changed: Aug 24 Last Checked: Aug 25 at 6:35AM

Report an Issue

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.

For sale is a well-established restaurant property representing an entire city block, including eight 100x100 lots and all existing buildings. The operation features outdoor tiki bars and a large covered pavilion equipped with misters, along with weekend bands as described in the remarks. Seating totals 356, with 136 inside and 170 outside, supporting both eat-in experiences and outdoor dining.

The sale includes four COP liquor licenses, walk-in coolers, and the included equipment, furniture, and stock. An established name and location in business for more than 12 years is noted, with the property described as continuing to operate during recent conditions. The property is located in Welaka, just a short distance from the St. Johns River and the boat ramp, offering an on-site setting that supports destination dining.

Key Highlights

• Own an entire city block with 8–100x100 lots, plus all buildings included in the sale
• Popular restaurant includes outdoor tiki bars and a large covered pavilion with misters
• Seating: 136 inside and 170 outside (total 356 seats)

Property Analytics

Property Profile

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

Turnkey business

Opportunity

Yes

Liquor license

Location Intelligence

Trade Area within ½ mile

92

Businesses Nearby

9k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this conventional restaurants located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

Frequently Asked Questions

What type of property is this?

Conventional restaurant - Popular restaurant offering indoor seating plus outdoor tiki bars and a large covered pavilion with misters.

Where is this conventional restaurant located?

The property is located at 765 3rd Avenue Welaka, FL.

What is the asking price?

The asking price for this property is $2,500,000.

What are key features of this property?

This property features: Own an entire city block with 8–100x100 lots, plus all buildings included in the sale; Popular restaurant includes outdoor tiki bars and a large covered pavilion with misters; Seating: 136 inside and 170 outside (total 356 seats)