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Paradise Isle Plaza on Longboat Key 5610 Gulf of Mexico Dr 10,000 SF 80% Leased Retail Building Longboat Key, FL 34228 $4,464,622 CAD ($446.46 CAD/SF) 6.45% Cap Rate
Investment Highlights
- Prime multi-tenant retail investment opportunity located on highly desirable Longboat Key
- Approximately 9,611 SF of leasable retail space
- Six fully leased (NNN) retail suites with established long-term tenants
- Situated along Gulf of Mexico Drive with excellent visibility and accessibility
- Positioned on approximately 1.3 acres with an abundance of on-site parking
- Includes valuable deeded beach access, enhancing the property’s uniqueness and appeal
Executive Summary
Property Facts
Amenities
- Restaurant
- Signage
- Tenant Controlled HVAC
- Waterfront
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Rare opportunity to establish a signature restaurant concept along highly desirable Gulf of Mexico Drive on Longboat Key. Ownership is specifically seeking a qualified food and beverage operator to bring a new dining experience to Paradise Isle Plaza, with the potential for an exclusive outdoor patio and bar area directly facing Gulf of Mexico Drive. This highly visible anchor retail space offers exceptional frontage along one of Longboat Key’s primary corridors and provides a unique opportunity to create an open-air coastal dining destination catering to both local residents and visitors. The existing layout features a mostly open floor plan with two separate entry points, allowing flexibility for a variety of restaurant concepts and service styles. Although the space has not previously operated as a restaurant, ownership is open to negotiating tenant improvement allowances for the right operator and concept. The property also includes gas service already connected, providing added value for restaurant buildout potential.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,973 SF | Retail | - | Now |
1st Floor
| Size |
| 1,973 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size | 1,973 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Rare opportunity to establish a signature restaurant concept along highly desirable Gulf of Mexico Drive on Longboat Key. Ownership is specifically seeking a qualified food and beverage operator to bring a new dining experience to Paradise Isle Plaza, with the potential for an exclusive outdoor patio and bar area directly facing Gulf of Mexico Drive. This highly visible anchor retail space offers exceptional frontage along one of Longboat Key’s primary corridors and provides a unique opportunity to create an open-air coastal dining destination catering to both local residents and visitors. The existing layout features a mostly open floor plan with two separate entry points, allowing flexibility for a variety of restaurant concepts and service styles. Although the space has not previously operated as a restaurant, ownership is open to negotiating tenant improvement allowances for the right operator and concept. The property also includes gas service already connected, providing added value for restaurant buildout potential.
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,409,661 CAD | |
| Land Assessment | $0 CAD | Total Assessment | $1,409,661 CAD |
Property Taxes
Presented by
Paradise Isle Plaza on Longboat Key | 5610 Gulf of Mexico Dr
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