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$ 2,199,000
Est. payment | /mo
950 SqFt
$ 2,199,000
Est. payment | /mo
950 SqFt
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 950 sqft
Price per Sqft $2,314
Subdivision No Named Subdivision
MLS Listing ID 324263
HOA Y/N false
Year Built 2017
Lot Size 0.542 Acres
Lot Dimensions 23625
Property Sub-Type Business
Property Description
Turnkey Tiki-Style Restaurant with a 9.53% CAP RATE– Prime Commercial Location on St. George Island. Here's your chance to own Mango Mike's, a fully operational, turnkey tiki-style restaurant in the heart of St. George Island. Built in 2017, this 150-seat destination embodies the laid-back island vibe that both tourists and locals love. The venue features a welcoming horseshoe-shaped bar, TVs throughout, a dedicated stage for live music, and an outdoor lawn perfect for cornhole and casual entertainment. Spanning seven commercial lots just a few hundred feet from the historic lighthouse and public beach access, the restaurant enjoys unmatched visibility in one of the island's busiest corridors. Mango Mike's conveys with a coveted 8 COP liquor license, which allows full liquor service, package sales, and no minimum food requirement, along with all furniture, fixtures, and equipment. The property measures 4,550 square feet under roof with an additional 950 square feet of heated and cooled space, offering efficient operations and lower utility costs. An elevator services the full commercial kitchen and restrooms, ensuring smooth day-to-day functionality. St. George Island itself is a barrier island stretching roughly 28 miles long and less than a mile wide, drawing around 200,000 visitors each year. Known for its unspoiled beauty, the island has earned national acclaim, including being ranked the #1 public beach in the United States in 2023 by Dr. Beach. With pristine beaches, a strong tourism base, and limited commercial opportunities, the island provides a rare and powerful backdrop for business success. Mango Mike's is more than a restaurant—it's a destination with incredible untapped potential. With its prime location, established brand, liquor license, and full turn-key operation, this property offers the perfect opportunity for an investor or operator to step into one of Florida's most desirable beach markets and take it to the next level.
Location
State FL
Zoning Commercial
Interior
Heating HVAC
Cooling Central Air, Ceiling Fan(s), HVAC, Electric
Flooring Other, Tile
Exterior
Community Features Restaurant
Utilities Available Electricity Connected, Phone Connected, Propane, Water Connected
Roof Type Other
Building
Lot Description Corner Lot, Landscaped, Survey
Sewer Aerobic Septic
Others
Special Listing Condition As Is
Virtual Tour https://tour.usamls.net/36-W-Pine-Ave-St-George-Island-FL-32328/unbranded
Listed by Anchor Realty Florida
Nearby Locations