This offering presents a unique opportunity to acquire an established coastal restaurant business together with multiple income-producing components and future development potential. The property features a popular restaurant operation known for its coastal atmosphere, recently enhanced with the addition of a bar and supported by a well-received menu that has helped build a loyal customer base. Ownership has invested significantly in the asset, completing two rounds of renovations within the past two years.
In addition to the restaurant business, the property includes three apartment units that provide supplemental income, with long-term rental rates reportedly ranging from approximately $1,200 to $1,500 per month. An additional residential unit generates approximately $2,000 per month in rent. The property also benefits from billboard lease revenue of approximately $1,300 per month and seasonal parking income, with parking fees reaching $20 per day during peak periods.
A notable component of the offering is the adjacent vacant parcel, which has approvals in place for townhouse development, creating an opportunity for future expansion or redevelopment. Utility infrastructure is further enhanced by a sewer connection, a feature that is uncommon in portions of Atlantic Beach and may support future development flexibility.
Positioned near established destinations including The Grove, The Circle in Atlantic Beach, and Four Corners, the property benefits from its connection to a well-known coastal market.