Waterfront Restaurant & Marina for Sale in Port Richey, FL

A wide view of the 7,000 SF Key West style waterfront restaurant and commercial marina, a C2 zoned property with boat slips and a 20.00% pro forma cap rate.
Waterfront Restaurant & Marina View
An aerial plat image showing the restaurant lot for sale at 5330 Treadway Dr, part of a larger 1.23 AC development opportunity next to Hooters restaurant.
Aerial Plat of Restaurant Lot
The outdoor wooden deck of the restaurant, featuring blue and black chairs and a view up to the second-story balcony.
Outdoor Deck and Balcony
The waterfront patio area with picnic tables and large umbrellas, providing an ideal setting for outdoor dining at this high-volume bar and grill.
Patio Seating with Waterfront View

Iconic Waterfront Restaurant & Marina

TREADWAY DR near US 19 Corridor, Port Richey, FL 34668

BRING OFFERS $2,600,000

Property Description

Own a Florida icon with this second-generation, high-volume restaurant, bar, and grill. This is a must-see prime investment on the West Coast of Florida, featuring a waterfront restaurant and a commercial marina with direct Gulf access. Located next to the popular Hooters restaurant, this property offers an exceptional opportunity for an owner-operator in the restaurant and marina industry. The stated Net Operating Income and Cap Rate are pro forma.

Investment Highlights

  • Authentic Key West style waterfront restaurant with a commercial marina primed for expansion.
  • Existing income from restaurant, bar, and boat wet slip leases is in place and increasing.
  • Premier waterfront dining location with direct Gulf access for boating clientele.
  • An outstanding hospitality investment for a marina, resort, or restaurant development.
  • Turnkey opportunity for a second-generation, high-gross-volume bar and grill.
  • Located in the desirable Tampa Bay Area of Florida.

Amenities

  • Waterfront Location
  • Corner Lot
  • On-Site Restaurant
  • Balcony & Courtyard
  • Conferencing Facility
  • Fenced Lot
  • Pylon & Monument Signage
  • Security System

Property Overview

Listing Price:$2,600,000
Price / SF:$357.14
Cap Rate:20.00% (Pro Forma)
Building Size:7,000 SF
Building Class:B
Lot Size:0.28 Acres
Location: View on Google Maps
Year Built / Renovated:1998 / 2022
Zoning:C2 (Commercial Retail, Restaurant, Resort, Mixed-Use)
Parking:25 Spaces
Stories:2

Financial Summary (2025 Pro Forma)

Net Operating Income:$500,000
NOI / SF:$71.43

Space Availability

1st Floor:7,000 SF Restaurant
Availability:Immediate
PLEASE DO NOT DISTURB TENANTS OR EMPLOYEES.

For more information or to schedule a viewing, please contact:

Frank C. Grimaldi | (813) 431-8080 | This email address is being protected from spambots. You need JavaScript enabled to view it.

Team Grimaldi, Inc. Commercial Real Estate Services of Tampa Bay

An interior view of the fully stocked bar at the restaurant, showcasing an extensive collection of tequila and other spirits for this turnkey operation.
Fully Stocked Restaurant Bar
A view of the C2 zoned waterfront restaurant and its boat slips from the water, highlighting its direct Gulf access for patrons.
View from the Waterway
The view from the restaurant's second-story balcony overlooking the commercial marina filled with fishing boats, showcasing the property's waterfront amenities.
View from Balcony Overlooking Marina
A scenic sunset over the water as seen from the restaurant's deck, an example of the ambiance at this Florida icon property for sale.
Sunset View from the Waterfront Deck
The outdoor wooden deck of the restaurant, featuring blue and black chairs and a view up to the second-story balcony.
Outdoor Dining Deck and Balcony
The outdoor 'Seaside Bar' seating area with signage for drink specials, part of the high-volume bar and grill operation available for $2,600,000.
Outdoor Bar and Seating Area
The interior of the 2nd generation bar and grill, showing the dining area with polished wood floors, a perfect space for a high-volume restaurant operation.
Interior Bar and Seating Area
An interior view of the 7,000 SF building, renovated in 2022, looking out through large windows onto the waterfront dining area and boat slips.
Interior View During Renovation
View of the commercial marina's boat slips from the balcony of the Key West style restaurant, showing proximity to the water.
View of Marina from Balcony
Street-level view of the property with prominent signage, including a 'For Sale' sign, for this C2 commercially zoned restaurant.
Street View with For Sale Sign
A view from the wooden boat dock, part of the commercial marina with income-generating wet slip leases.
View from the Dockside
A comprehensive aerial view of the waterfront restaurant and the extensive commercial marina with numerous boat slips, highlighting the scale of this investment opportunity.
Wide Aerial View of the Marina
A view of the waterfront deck featuring a gazebo and picnic table, part of the extensive outdoor amenities of this hospitality property.
Waterfront Deck with Gazebo
View of the large parking area, which offers 25 spaces and services the 7,000 SF restaurant and bar.
Parking Area View
Aerial plat map outlining the 0.28 AC subject property (Lot #2), zoned C2 for a restaurant with boat slips.
Plat Map of Restaurant Property
An aerial perspective showing the property's ample parking and its location on the Cotee River with direct Gulf access.
Aerial of Parking and Waterway
A view of the Key West style restaurant and marina, a 7,000 SF C2 zoned property with direct Gulf access for boating patrons.
Waterfront Restaurant & Marina
A wide aerial view of the Port Richey waterway, showing the property's strategic location with Gulf access, a key feature for this marina and restaurant for sale.
Aerial View of Port Richey Waterway
An aerial view showing the restaurant's location in the Tampa MSA, its proximity to major roads, and the surrounding commercial and residential areas.
Aerial View of Property and Surroundings
The prime waterfront location of the restaurant, highlighting the boat slips that provide income and attract customers to this hospitality investment.
Prime Waterfront Restaurant Location
A view of the open water near the property, showcasing the boating and resort lifestyle associated with this 20.00% pro forma cap rate investment.
Open Water View near Property
The view from inside the restaurant looking out onto the waterfront deck and marina, a key feature for patrons of the dining room.
View from Inside the Restaurant
A view from the water of the 7,000 SF, B-Class retail building, showing its two stories, outdoor decks, and access to the commercial boat slips.
Restaurant View from the Water
The boundary survey map detailing Lot 2, a 0.28 AC parcel identified as the subject property with restaurant and wet slips, part of the C2 commercial zoning.
Boundary Survey of Restaurant Lot
An aerial view showing the subject property's location next to Hooters, the extensive marina, and multiple boat slips that contribute to the business.
Aerial View with Neighboring Properties
Aerial view of the property with contact information for sale or lease inquiries regarding this prime waterfront restaurant and marina development opportunity.
For Sale/Lease Information
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