Angelo and Son's Seafood Restaurant

Retail-Commercial for Sale
Catylist Listing ID: 30478939
Property Subtypes: Restaurant
Building Size (RSF): 18,026 SF
Gross Land Area: 2 Acres
Sale Price: See Agent
Property Use Type: Vacant/Owner-User
Building Name: Angelo and Son's Seafood Restaurant
Usable Size (USF): 18,026 SF
Sale Terms: Cash to Seller, Sale/Leaseback
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 5/21/2020

Overview / Comments

CONTINUING CURRENT OPERATIONS- NEW AND OLD PATRONS WELCOME Angelo and Son's Seafood Restaurant, Panacea Florida, right before the bridge overlooking Ochlocknee Bay leading to the Gulf of Mexico. Operational for the past 70 years. Butler Act Exempt property (one of a very few in Florida). The restaurant was re-built on concrete pilings, over 30 ft deep, in 2005 after Hurricane Dennis. The all- new restaurant replicates the original footprint, jets out over the Bay, includes a walk thru kitchen, equipment, coolers, prep areas, bar, inside and outside dining rooms, HVAC and electrical support. A metal pan roof deck over the outside dining room and pecky cypress floors complete the restaurant- all built to withstand 160 MPH winds (CAT 4 Hurricane). Interior space equal 18,000 square feet. Includes a Florida liquor license. Priced well below the replication cost in excess of $4,000,000.

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Additional Details

Nearest MSA: Tallahassee
County: Wakulla
Taxing Authority: Wakulla County
Tax ID/APN: 12-6S-02W-000-03879-003
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Located Between: Surf Road and Highway 98 bridge in Panacea
Property Visibility: Excellent
Largest Nearby Street: Highway 98
Highway Access: Highway 98
Airports: Tallahassee International Airport
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 18,026 SF
Property Condition: Good
Year Built: 2007
Roof Type: Other
Parking Type: Surface
Passenger Elevators: 2
Air Conditioning: Engineered System
Internet Access: Cable
Zoning Description: General Commercial
Water Service: Municipal
Sewer Type: Municipal
Easements: Water Rights
Land Ownership: Fee simple

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 1,004 2,147
Median Age: 47.08 47.27
Households: 440 921


Photograph of Listing Agent

Brian S. Messer, CCIM

The Naumann Group Real Estate, Inc. Member
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