1200 Pasadena Ave S - Restaurant FOR SALE


South Pasadena, FL 33707
$1,350,000 USD
727-519-3607
1200 Pasadena Ave S, South Pasadena, FL for Sale
$1,350,000 USD
Restaurant - FOR SALE
1/25
null | Request Cap Rate

1200 Pasadena Ave S
South Pasadena, FL 33707


HIGHLIGHTS

  • Prime QSR opportunity. 3,276 SF gross / 2,480 SF heated former Dunkin’ Donuts (2004-2024) that had seating for 22
  • Drive-thru window, commercial exhaust hood (EF-1 fan system, 500 CFM), 7’ x 7’ walk-in cooler, 7’ x 14’ walk-in freezer, underground grease trap
  • Property retains the essential food-service systems and is well-suited for another quick-service or fast-casual concept
  • 796 SF outdoor canopy-covered dining area, two restrooms, a dedicated office, and pre-wired for security cameras
  • New HVAC unit installed in 2016, new water heater 2026, pylon signage, and 32 parking spaces including two ADA-compliant spots
  • Permitted uses include general retail, professional and medical offices, personal services, commercial recreation

OVERVIEW

Bridgewater Commercial Real Estate is pleased to offer this prime restaurant opportunity priced at $1,350,000 or for lease at $29 PSF NNN. The 3,276 SF gross / 2,480 SF heated former Dunkin’ Donuts is situated on a 0.62-acre parcel with 142.75 feet of prime frontage along Pasadena Avenue and a 2025 traffic count of 23,500 vehicles per day. Originally built in 1972 and substantially remodeled in 2013, the property offers a solid foundation for a new restaurant. The building retains all major food-service infrastructure from its prior use as a Dunkin’ Donuts from 2004-2025. It includes a drive-thru window with dedicated stacking lane, commercial exhaust hood (EF-1 fan system, 500 CFM) still in place, a 7’ x 7’ walk-in cooler, a 7’ x 14’ walk-in freezer, and an underground grease trap. Additional features include a 796 SF outdoor canopy-covered dining area, indoor seating capacity for a minimum of 22 guests, two restrooms, a dedicated office, and pre-wiring for indoor security cameras. The property also benefits from a new HVAC unit installed in 2016, a new water heater installed in 2026, pylon signage, and 32 parking spaces including two ADA-compliant spots. Zoned Commercial General (CG) in the City of South Pasadena with a FAR of 0.5 – 0.65, the site has City of St. Petersburg water and sewer service. Although currently vacant and empty of smaller equipment such as ovens or fryers, this property retains the essential food-service systems and is well-suited for another quick-service or fast-casual concept, coffee/donut shop, or other drive-thru uses. The flexible CG zoning also supports a wide range of alternative permitted uses including general retail, professional and medical offices, personal services, convenience stores, commercial recreation, and medical marijuana retail (subject to state licensing and local approvals). The Commercial General (CG) zoning district in South Pasadena, Florida, provides for general retail, specialized commercial, office, and institutional uses. Permitted Uses: Adult uses which qualify for an adult use permit pursuant to the provisions of Chapter 147, Adult Use, of this code Air-conditioned self storage, which complies with the criteria set forth in § 130-35 Antique stores Bakeries selling retail on premises Barbershops and beauty salons Bars/restaurants Billiard hall Bowling alleys Brokerage houses Car and truck wash Convenience store Day-care centers Department stores Drugstores Financial institutions Florist Food stores Funeral homes Furniture stores Gift stores Gymnasiums Hardware stores Ice cream parlors/yogurt Health clubs/licensed massage therapists Laundry and dry-cleaning pickup facilities Liquor stores Medical laboratory Miniature-golf courses Movie theaters (indoor) Newspaper publishing Novelty stores Office uses of all types, including but not limited to accountants, architects, attorneys, dentists, engineers, physicians and like professions, as well as corporate business offices Office reproduction services Pawnshops/check cashing Pet shops and grooming Pharmacies Plant nurseries Photographic supplies and studios Printers Real estate offices Repair shops, furniture Retail drapery/blind manufacturing Retail fruit packaging and juicing Restaurants Shoe repair Shoe stores[1] Specialty shops: men's, women's, children's apparel Sporting goods store Stationery, books Studio schools; art, dance, music, crafts and like instruction Supermarkets Tailors Telecommunication towers and antennas which meet the requirements set forth in § 130-36 Travel agencies Television and appliance stores, sales and service Traffic infraction detection equipment Upholstery shop and repairs Veterinary services Video rental stores Uses requiring a special exception use permit: [Amended 10-12-2004 by Ord. No. 2004-08; 7-1-2011 by Ord. No. 2011-07; 12-10-2013 by Ord. No. 2013-05] Amusement facilities Automotive repair facilities Gas and service stations Hotels, motels, motor inns and interval-ownership apartments Marina and marine repair facilities Outdoor storage, such as garden supplies and plant nurseries Outdoor storage of building materials Outdoor storage of nonsalable items only Shopping centers containing more than 50,000 square feet under roof Teen social clubs Vehicle dealership/agency, minimum lot size 40,000 square feet for any operation; must provide a showroom Vehicles for hire Watercraft rental or watercraft clubs Any use permitted in the CG Zoning District with a land use designation "Institutional-Public," except that said use shall be restricted to 5 acres or less Commercial General/Institutional. The following list of permitted uses applies only to property in the Commercial General Zoning District which is designated on the City's Future Land Use Map as "Institutional." No building or structure shall be erected, altered or used, nor shall any land or water use be permitted, except for one or more of the following: (1) Permitted uses: [Amended 1-14-1997 by Ord. No. 96-19; 3-10-2008 by Ord. No. 2008-01; 5-11-2010 by Ord. No. 2010-02] Churches, synagogues and other places of worship Convenient-care clinics Hospitals Medical offices including day surgery facilities Nursing homes

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$544 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Dunkin Donuts

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Storefront, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,600 SF

ZONING

CG, South Pasadena

APN/PARCEL ID

30-31-16-00000-130-0500

ASK ABOUT THIS PROPERTY

Jack WynneBridgewater Commercial Real EstateMore Info
727-519-3607

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Jack WynneBridgewater Commercial Real EstateMore Info
727-519-3607

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.