5600 66TH ST N
Retail | 1,816 SqFt
Marketing description
Prime freestanding restaurant opportunity on highly traveled 66th Street North in the heart of St. Petersburg. Situated on approximately 0.50 acres with excellent visibility, this former drive-thru restaurant benefits from a grandfathered drive-thru use, approximately 15 parking spaces, and convenient ingress/egress from both 66th Street N and 56th Avenue N. The 1,816± SF building is currently tenant occupied and offered for sale AS-IS. Sale includes all restaurant equipment owned by Seller, providing a unique opportunity for an owner-user, investor, restaurant operator, redevelopment project, or Build-to-Suit user. Seller is open to considering Build-to-Suit proposals and other creative purchase structures. Located within a dense commercial corridor surrounded by national and regional retailers, restaurants, medical offices, and residential neighborhoods, the property enjoys strong traffic counts, excellent demographics, and a large customer base throughout Pinellas County. Major nearby retailers and restaurants include Publix, Walmart Neighborhood Market, CVS, Walgreens, McDonald's, Burger King, Taco Bell, Wendy's, and numerous local dining establishments. The central location provides convenient access to Tyrone, Lealman, Kenneth City, Pinellas Park, downtown St. Petersburg, and the Gulf Beaches. Recent improvements include a new roof installed in 2023. Whether you're looking to continue restaurant use, capitalize on the grandfathered drive-thru, redevelop the site, or create a custom Build-to-Suit location, this property offers exceptional flexibility and long-term value in one of Pinellas County's most established commercial corridors.
Investment highlights
Investment Highlights
- Freestanding Restaurant on 0.50± Acres – Rare standalone commercial property in a high-traffic St. Petersburg corridor.
- Grandfathered Drive-Thru Use – Valuable existing drive-thru entitlement provides a competitive advantage for restaurant, coffee, QSR, or retail operators.
- Offered at $880,000 ($485/SF) – Attractive pricing for a freestanding commercial asset in Pinellas County.
- Sale Includes Restaurant Equipment – Existing equipment owned by Seller conveys with the sale, reducing startup costs for an owner-user.
- Build-to-Suit Opportunity – Seller will consider Build-to-Suit proposals and creative purchase structures.
- Excellent Visibility & Access – Frontage on heavily traveled 66th Street North with ingress/egress from both 66th St N and 56th Ave N.
- Ample Parking – Approximately 15 parking spaces support a variety of commercial uses.
- Strong Redevelopment Potential – Flexible C-2 zoning allows investors to explore redevelopment, repositioning, or alternative commercial uses.
- Recent Capital Improvement – New roof installed in 2023, reducing near-term capital expenditure needs.
- Dense Retail Corridor – Surrounded by national retailers, restaurants, medical offices, and established residential neighborhoods generating strong consumer demand.
- Central Pinellas Location – Convenient access to Tyrone, Kenneth City, Lealman, Pinellas Park, Downtown St. Petersburg, and Gulf Beaches.
- Owner-User or Investment Opportunity – Suitable for restaurant operators, investors, franchise users, redevelopment groups, and 1031 exchange buyers.
Key Metrics
- Building Size: 1,816 SF
- Lot Size: 0.50 Acres (21,880 SF)
- Zoning: C-2 Commercial
- Parking: ~15 Spaces
- Price: $880,000
- Price/SF: $484.58/SF
- Drive-Thru: Grandfathered Existing Use
- Roof: New 2023
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