3976 Destination Dr
Osprey, FL 34229 Venice/Englewood

• Unit Size: 1,204 SF
• Condo Use: Retail
• Price: $639,000 USD
• Sale Type: Investment or Owner User
• Price/SF: $530.73 USD

Description

This opportunity presents a unique chance to acquire an established business and its associated real estate, offering substantial potential for growth. By the Bay Bistro has been meticulously nurtured by its current owners, driven by a genuine passion for the business. Despite operating with limited hours (8 am to 3 pm, closed on Sundays and during vacations), the bistro has consistently achieved year-over-year growth.  https://www.google.com/maps/@27.1954546,-82.4892757,3a,90y,32.02h,83.69t/data=!3m7!1e1!3m5!1sAF1QipNucBpKSJed1fDd_KLLyta3L92qdo6pMXAq6ns!2e10!3e12!7i13312!8i6656

The imminent construction of approximately 252 new multifamily units on the neighboring property enhances the appeal of this location. With its proximity to the upcoming development, the bistro stands to benefit from increased foot traffic, making it an ideal spot for those seeking gourmet coffee, baked goods, and lunch fare.

The property itself has undergone significant upgrades, including the addition of 220 power, additional plumbing, polished concrete flooring, a grease trap, and new paint and decor. The high-volume ceilings contribute to a spacious ambiance, and the outdoor space allows for the potential inclusion of at least three dining tables and chairs, providing an inviting atmosphere for patrons.

In summary, this business and real estate package not only reflects a history of steady growth but also holds promise for further success, especially with the upcoming neighboring development. It presents a turnkey opportunity for entrepreneurs looking to capitalize on a well-established venture in a strategically advantageous location.