Commercial Sale Property - Restaurant in Palmetto
Listing Price: $2,500,000
Description of Property
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 and nestled on Terra Ceia Bay, this highly visible location 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 and is primed for a custom buildout, allowing a new owner to bring their vision to life. 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 and has no food requirements… perfect for a bar or liquor store opportunity. With high traffic exposure on US 19 in a rapidly growing area, this is a rare opportunity to establish a destination business, restaurant or bar in a prime waterfront setting. Owner financing may be available for qualified buyers.
Property Details At A Glance
Property Type: Commercial Sale
Property Use or Sub Type: Restaurant
City: Palmetto
County: Manatee
Subdivision: Acreage
Sq. Ft. Gross: 5,023
Sq. Ft. Living Area: 5,247
Cost per (heated) sqare foot: $476
Year built: 1954
Annual Tax: $6,226
Taxes and fees can change periodically, and other fees may apply. Please check with your Realtor for more details.
Ceiling Height: 16 to 22 Feet
Flooring: Tile
Waterfront Info
Water Frontage: Waterfront
Exterior & Construction
Construction: Wood Frame
Foundation: Other
Cooling: Central Air
Other Structures: Storage
Lot Information
Lot Features: Waterfront
Lot Size (acres): 0.84
Lot Size (sq. ft.): 36,434 square feet
Road Frontage: County Road
Legal Description & Other Information
Parcel Number: 2232200002
Zoning: PDMU
Tax Legal Desc.: THAT PORTION OF THE FOLLOWING DESC LAND LYING BETWEEN THE N LN OF TAMPA GAP DRAIN AND THE SLY R/W OF U.S. HWY 19, AND S.R. POPERTY LYING IN U.S. LOT 1, SEC 35, TWP 33 S, RNG 17 E; BEG AT THE SE COR OF NE1/4 OF SD SEC 35; TH S A DIST OF 610 FT, TO A P T WHICH IS 50 FT S OF THE S LN OF TAMPA GAP DRAIN FOR A POB; TH GO N ON SD E LN OF SEC 35 TO ITS INTERSECTION WITH
Section: 35
Range: 17
Listing courtesy of RE/MAX ALLIANCE GROUP. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.