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Property profile & analytics
OFF-MARKET Estimated value $1,395,000
Turn key restaurants

5330 Treadway Dr Port Richey, FL 34668-6343

2,794 SF 0.28 ac lot Built 1975
Entity Owned 5-yr Hold Free & Clear
Property ID
US18-6463727
Property summary
AI-generated overview

This exceptional 7,000 square foot waterfront restaurant and bar, situated on a 1.51-acre lot in Port Richey, Florida, presents a unique investment opportunity. Boasting two suites within a two-story building, this Class B property underwent renovations in 2021. The property features Gulf access via the Cotee River and enjoys a prime location near US 19 and State Road 54, with high visibility and convenient access. Zoned C2 COMMERCIAL RETAIL RESORT, it allows for multiple uses, including restaurant, resort, and event center operations. The existing setup includes 250 seats and an SRX restaurant license. Furniture, fixtures, and equipment are available for sale, offering a turnkey solution for prospective buyers. The property's location within the Tampa Bay MSA, specifically the New Port Richey/Tarpon Springs submarket, ensures strong potential for growth and profitability. The 0.78 acres of buildable land provides ample space for expansion or outdoor seating. This is a rare chance to acquire a thriving waterfront establishment with significant upside potential. The property is currently available for lease at a gross rate of $4,000 per month.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1975
Total area 2,794 SF
Lot 0.28 ac (12,375 SF)
Zoning code 00C2
APN 32-25-16-0260-00000-0020
UPID US18-6463727
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Seaside Cotee River Landing Restaurant
  • Seanyle cove Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.38M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.04M
Blend (final) Blend
$1.40M
Owner & transaction history
Cotee River Inlet LLC · 5 yrs held
Cotee River Inlet LLC
since 2021
Last sale
$1.6M
2 recorded transactions
2021
$1.6M
1998
$750,000
Zoning & alternative use
00C2 · Port Richey, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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