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704 S Lakeshore Blvd
Howey In The Hills, FL 34737

Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Lakefront Restaurant & Bar featuring Indoor & Outdoor Seating
  • Residential Rental Units Suited for Long Term and Short Term Rentals
  • Fresh Water Marina featuring 36 Covered Boat Slips

PROPERTY FACTS

Property Type
Retail
Property Subtype
Restaurant
Building Size
11,047 SF
Building Class
C
Year Built/Renovated
1956/2017
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
3.64 AC
Zoning
CG - Neighborhood Commercial and Medium Density Residential
Parking
42 Spaces (3.8 Spaces per 1,000 SF Leased)

AMENITIES

  • Restaurant
  • Signage
  • Tenant Controlled HVAC
  • Waterfront
  • Accent Lighting
  • Storage Space
  • Air Conditioning

ABOUT 704 S LAKESHORE BLVD , HOWEY IN THE HILLS, FL 34737

This iconic, trophy, property is one that every restaurateur will love to own for three good reasons. The first reason is the gorgeous lakefront restaurant, bar and outdoor dining deck located on one of the world’s most pristine chain of lakes, a true and rare treasure. The second is the thirty six slip, fully leased covered marina and the third reason is the thirteen residential rental units. These are three sources of revenue all complimenting each other, separate yet connected. The restaurant stands alone in a prestigious community inhabited by some of Florida’s most elite households. The atmosphere is laid back and unpretentious, perfect for relaxing times absorbing the ambiance of the chain of lakes, casual intermittent boat traffic, refreshing libations and professionally crafted delicacies. There are few locations in Florida that compare with this pristine, yet connected, environment. Everyone is drawn to water. For many, life’s most precious memories have been created in this pristine Florida “Mini Resort” sanctuary. The thirty-six slip marina anchors this 3-1/2+ acre mini resort. The sea wall is concrete constructed, covered and professionally maintained leaving the Florida angler and recreational boating enthusiast nothing to be desired. From this one of a kind location boat tours, potentially hours or even days long, originate concluding on the deck of this culinary paradise. A building permit is pending, providing authorization to construct another thirty-six covered boat slips on the property further enhancing the feasibility and profitability of this charming Florida resort property. An additional concrete block building is located on the property providing public restrooms separate from the restaurant and storage for landscaping and marina maintenance equipment as well as other utilitarian uses. An office for marina operations is located on the dock making the day to day business of marina management convenient and enjoyable. The marina is fully leased and there are reservations waiting for vacancies and the additional boat slips when they become available for leasing. Residential properties are undersupplied in Florida. This mini resort property features thirteen residential properties that are used as both short term rentals and long term rentals. Nightly rentals are permitted and there is high demand for short term rentals in this ecotourism destination. The demand for long term rentals is also undersupplied. The thirteen rental units are constructed in four locations around the property. One building houses eight one bedroom, one bathroom units. Another building houses two one bedroom one bathroom units and a third building houses a three bedroom one bathroom unit. There are two apartments constructed on the second floor over the restaurant and the view from the lakefront apartment above the restaurant is spectacular. The site is slightly larger than 3-1/2 acres and is located at the foot of a road that primarily services a residential community. There is a major resort property within two miles of the subject property. The subject property is a very popular place and enjoys a long history of service to the local community.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
36-20-25-0002-000-00100
Land Assessment
$479,160
Improvements Assessment
$918,772
Total Assessment
$1,397,932
  • Listing ID: 27710587

  • Date on Market: 2/8/2023

  • Last Updated:

  • Address: 704 S Lakeshore Blvd, Howey In The Hills, FL 34737

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