|Price/Rent PSF||$ 2,400,000.00|
2 acres of property with Myakka River Waterfront and over 600 feet of frontage on US 41. Rental income from restaurant tenant generates a 4% return with additional development opportunities along the canal and a Submerged Land Lease with the State of Florida for 10 additional docks.
2 Acre property on the stunning Myakka River. This unique waterfront opportunity includes an existing long-term restaurant tenant generating income of 4%, and a development opportunity along waterway with gulf access and Submerged Land Lease with State of Florida for additional 10 docks. The property sits right along busy S Tamiami Trail (US 41) with a traffic count of 34,000 ADT. The restaurant has a tall billboard-like sign that is easily visible from a far distance.
Along side with the beautiful waterfront view, the property is surrounded by nature preserves, parks and water access. Senator Bob Johnson's Landing is directly across from the subject property, a well-known park with canoe/kayak launches, wildlife viewing, trails, fishing, and a relaxing scenery. Just 2 minutes away from the Myakka State Park, 15 minutes from Manasota Key on the Gulf of Mexico, and only 10 minutes away from I-75 for convenient travel.