Iconic Waterfront Restaurant Opportunity 5611 US 19 6,375 SF Retail Building Palmetto, FL 34221 $3,551,650 CAD ($557.12 CAD/SF)

Iconic Waterfront Restaurant Opportunity on US-19 — The Former Crab Trap - $2,500,000 | 6,375 SF | 0.83-Acre Corner Lot | Palmetto, FL 34221
Located at 5611 US 19, this exceptional waterfront property—formerly known as Crab Trap I and The Sea Hut / Catcher's Net—is now available for sale. Positioned along one of Florida's most traveled corridors with 350 feet of frontage and set on the shores of Terra Ceia Bay, this highly visible corner offers stunning water and mangrove views, creating the perfect backdrop for unforgettable sunsets and an authentic Florida dining experience. The expansive outdoor space is designed for entertainment, featuring a spacious lawn area perfect for live music and events, a charming tiki bar, and an additional floating deck overlooking the water—offering multiple revenue-generating opportunities and a vibrant guest atmosphere. The property has already undergone significant renovations, including new electrical, new A/C, and new windows, and to help a new owner bring their vision to life, the seller is offering an improvement allowance to put toward a new roof and finishing the interior buildout. Existing infrastructure includes the original hood system and grease traps, providing a valuable head start for restaurant operations. A 4COP QUOTA liquor license is available for purchase separately—a quota license allows package sales with no food requirement, making the property ideal for use as a liquor store, bar, or destination restaurant, as well as an event venue or a variety of other commercial uses. With PDMU/CH general commercial zoning, 55 parking spaces, and high traffic exposure on US 19 in a rapidly growing area, this is a rare opportunity to establish a thriving business—or to reimagine the site through redevelopment—in a prime waterfront setting. Owner financing may be available for qualified buyers.
Property Highlights
Waterfront on Terra Ceia Bay with panoramic water and mangrove views
350' of frontage and signage on US-19 — exceptional visibility and traffic exposure
0.83-acre corner lot with 55 parking spaces
Seller-offered improvement allowance toward a new roof and interior buildout
4COP quota liquor license available separately (package sales, no food requirement)
Versatile use: restaurant, bar, liquor store, event venue, or other commercial uses
Recent improvements: new electrical, new A/C, and new windows
Original hood system and grease traps in place — a head start for restaurant buildout
Multiple revenue areas: event lawn, tiki bar, and floating deck over the water
PDMU/CH general commercial zoning — strong redevelopment potential
Owner financing may be available for qualified buyers