OWNER FINANCING AVAILABLE
Downtown St. Pete Gem – Restaurant & Lounge on Central Ave | Across from 300-Unit High-Rise | 4COP SRX Included | $399,000

A rare opportunity to acquire a fully built-out, dual-level restaurant and lounge in one of Downtown St. Pete’s most vibrant commercial corridors — Central Avenue. Located directly across from a new 300-unit luxury high-rise, this space is primed for long-term growth and strong day-to-night foot traffic.

With 5,790 SF of beautifully finished interior space, a 4COP SRX liquor license, and a layout that supports both high-volume dining and nightlife, this property is ready for immediate operation with no additional investment needed.

Central Ave Frontage – Premier location in the heart of St. Pete’s dining and entertainment district
5,790 SF | Two-story layout with separate lounge/bar + main dining
4COP SRX Liquor License – Full liquor, beer, and wine; no food % requirement
Across from 300-Unit Residential Development – Built-in audience with disposable income
Full Kitchen + Modern Infrastructure – Ideal for scaling or hosting events
Stage, Bar, and Flexible Space – Perfect for live music, DJs, brunches, or private buyouts
Updated Equipment & Buildout – Move-in ready

Ideal For:
Upscale restaurant concepts
High volume casual
Cocktail lounges or speakeasies
Event-centric venues
Owner-operators with entertainment licenses
Expanding regional brands

This listing combines strong income, premium visibility, and explosive neighborhood growth — a turnkey play for seasoned operators or groups expanding in the Florida market. Located steps from some of the city’s top restaurants, galleries, and bars, this space puts you right in the middle of the action.

Black Book Advisers
"Trusted Brokers of Business and Commercial Real Estate"

Michael Adamo / Broker
Michael Adamo is a third-generation Restaurateur, having owned and operated some of the most well-acclaimed restaurants in their perspective areas for over 31 years. Now as a Business Broker specializing in the Food and Beverage Sector and having proudly completed many of the most notable transactions, his insight and astute knowledge is sought after by some of the Top Restaurant Groups in the Bay Area. Whether if it's your first venture or if you're a multi-unit operator Black Book Advisers is here to share their knowledge and insight of the marketplace and see you successfully through your choice of Transaction, Buying or Selling.

IMPORTANT NOTICE: This is an operating business being offered for sale "CONFIDENTIALLY". Interested parties MUST fill out a Confidentiality Agreement (NDA) before any specific information, such as name and location of the business will be shared. NO EXCEPTIONS! Once you have signed the NDA, we will call you to discuss the business opportunity in greater detail before releasing confidential financial information.
Information contained herein has been obtained from the Owner of the Property or from sources deemed reliable. We have no reason to doubt its accuracy but make no warranty or representation. All information is submitted subject to errors, omissions, changes, withdrawal without notice and any special listing conditions of the Owner.