This amazing project has endless possibilities and offers a lot of flexibility for the buyer.
If you are looking to buy an upscale, elegant and classy Restaurant and or Bar in St. Petersburg Tampa Bay, you do not need to look any further. La Fogata and Bellini’s would be just perfect for you.
The restaurant and bar and kitchen are fully equipped, furnished and decorated. This is a turnkey operation and you could be up and running in no time. The current owner / manager is available to answer all your questions, spend some time with you and lend you a helping hand.
The Retail store and the offices in the building are rented to a tenant that has been there for over 5 years, paying $5000 each month. The tenant is very flexible, they would love to stay but could also vacate the property and you could use the space for something else.
This property would also make an excellent investment property.
Like I said before , the retail and office space generates $60,000 per year and the restaurant and bar could bring in another $130,000 with the average square foot price in our area being around $20
That comes out to be $190,000 income per year.
Cost for electric, water, insurance and taxes would be covered by triple net leases and cam fees and you would not have any expenses.
Like I said before, there are all kinds of scenarios available to you when buying this property.
You could use it as investment and rent out all four areas or you could run everything yourself or chose any combination of the four. Use the retail space for your business and rent out restaurant, bar, and offices or use the office for your own business and rent out retail and Restaurant and Bar etc.
Give me a call and we can go into more detail and pricing.
Anne 727 410 7777
There is also a possibility of leasing the Restaurant and Bar.