THE LONG PIER 17490 Gulf Boulevard Redington Shores, FL 33708 Redington Shores, Florida For more information: John Burpee 727-585-2070 John@naitampabay.com 11683 87th Street N Largo, FL 33773 727 585 2070 NAITampaBay.com
Section 1. Section 2. Section 3. Section 4. Section 5. Section 6. Section 7. Section 8. Executive Summary Property Details Location Overview Property Photos Property Plat Map Property Survey Schematic Design Demographics Table of Contents Confidentiality Agreement and Disclaimer This will serve as notice regarding the use of certain material, data and information contained herein ( Evaluation Material ) which we have made available to you in connection with a possible purchase of the property by you or your client. As a prerequisite to your accepting and utilizing the Evaluation Material, you hereby represent and agree as follows: The Evaluation Material furnished by us will be used solely for evaluating a possible transaction exclusively for your own account, as principal in the transaction, and not as a broker or agent for any other person. Therefore, you agree to keep all Evaluation Material strictly confidential; provided however, that any of such Evaluation Material may be disclosed to your directors, officers or employees as well as your counsel, accounting firms and financial institution who need to know such information of the purpose of assisting you with your possible purchase of the Property. Such directors, officers employees, lawyers, financial institutions and accountants shall be informed by you of the confidential nature of such information and shall be directed by you to treat such information with strict confidence. Although we have endeavored to include in the Evaluation Material, information which we believe to be accurate and relevant for the purpose of helping you in your evaluation of the Property for possible purchase, you understand and acknowledge that neither the Owner of the Property nor NAI Tampa Bay ( Agent ) make any representation or warranty as to the accuracy or completeness of the Evaluation Material except as set forth in a definitive agreement. You agree that neither the Owner nor the Agent shall have any liability to you as a result of your use of the Evaluation Material except as set forth in a definitive agreement and it is understood that you are expected to perform such due diligence investigations and inspections of the Property as you deem necessary or desirable and as permitted by agreement with the Owner of the property. You also represent that no broker or agent represents you or will represent you in any possible transactions involving the Property unless you disclose it in writing to NAI Tampa Bay prior to the receipt of the Evaluation Material and you fully agree to compensate your broker or agent. Neither Agent nor the Owner is responsible for any compensation to be paid to your broker or agent whatsoever.
SECTION 1. EXECUTIVE SUMMARY NAI Tampa Bay is proud to present an iconic opportunity for development or acquisition. The Redington Long Pier has been a landmark of the Pinellas County Gulf Beaches since 1962. The pier reaches 1,021 feet out into the Gulf of Mexico and is a beloved tourist and local resident destination. The property offers a dual opportunity for the sophisticated investor with the ability to operate a long established tourist attraction and develop a 20+ unit residential project with direct Gulf Beach Frontage. The current structure is being sold "AS-IS" with approximately $500,000 of differed repairs from the Hurricane of 2017. The current owner has all estimates and bids to repair the project and will transfer all FEMA claim funds at closing should they be granted prior to closing. The pier represents an excellent E-2 Visa opportunity as the current bait & Tackle shop employs several full-time employees. The current owner has tax returns available for review, upon the execution of a C/A agreement, that prove all cash income for the past 12 months. In addition, the pier represents an opportunity for future expansion with the possible addition of an over the water restaurant and entertainment complex. Please Contact John Burpee at 727-585-2070 John@NAITampbay.com Price: $7,950,000
II. SECTION PROPERTY DETAILS 2. PROPERTY DETAILS PARCEL 1 (VACANT LAND) PROPERTY SUMMARY PROPERTY ADDRESS: PROPERTY ID: 17490 Gulf Blvd. Redington Shores, FL 33708 31-30-15-34110-001-0090 (Vacant Land) PROPERTY DESCRIPTION: GULF COTTAGE COLONY UNIT 1 BLK A, LOTS 9, 10, 11 & 12 & PT OF LOT 23 & VAC RD E OF LOTS 11 & 12 & GULF COTTAGE COLONY UNIT 2, LOT V LAND USE: 1090 (Vacant Commercial Land w/xfsb) LAND SIZE: 96 x 350 / 33,600 SF / 0.771 Acres (+/-) 11683 87 th Street N Largo, Florida 33773 727 585 2070 naitampabay.com
PARCEL 2 (PIER) PROPERTY SUMMARY PROPERTY ADDRESS: Gulf Blvd., Redington Shores, FL 33708 PROPERTY ID: 31-30-15-00000-440-0100 (Pier) PROPERTY DESCRIPTION: (SUBM LEASE #520003283) AKA REDINGTON LONG PIER DESC FROM PNT ON W R/W OF GULF BLVD & E'LY EXTENSION OF S LN OF LOTS 9 & 12 OF BLK A OF GULF COTTAGE COLONY UNIT 1 TH S56DW 310.79FT & N28DW 41.12FT & S56DW 79.35FT TO MHW FOR POB TH S56DW 180.25FT TH S34DE 18.5FT TH S56DW 42.8 FT TH N34DW 18.5FT TH S56DW 239.8FT TH S34DE 4.2 FT TH S56DW 18.2FT TH N34DW 4.2FT TH S56DW 222FT TH S34DE 4.2FT TH S56DW 17.8FT TH N34DW 3.85FT TH S56DW 128.5FT TH S22DW 30.23FT TH S56DW 49FT TH N34DW 49FT TH N56DE 49FT TH E 30.23FT TH N56DE 109.01FT TH S34DE 0.35FT TH N56DE 127.1FT TH N34DW 4.2FT TH N56DE 18.3FT TH S34DE 4.2FT TH N56DE 246.3 FT TH N34DW 4.2FT TH N56DE 17.8FT TH S34DE 4.2FT TH N56DE 107.8FT TH N34DW 18.5FT TH N56DE 42.8FT TH S34DE 18.5FT TH N56DE 182.25FT TH S26DE 14.44FT TO POB LEASE TO OCT 2007 O.R. 12967 PG 618
SECTION 3. LOCATION MAPS 11683 87 th Street N Largo, Florida 33773 727 585 2070 naitampabay.com
SECTION 3. REGIONAL MAP
SECTION 3. AERIAL MAP 11683 87 th Street N Largo, Florida 33773 727 585 2070 naitampabay.com
SECTION 4. PROPERTY PHOTOS
11683 87 th Street N Largo, Florida 33773 727 585 2070 naitampabay.com
SECTION 5. PLAT MAP
SECTION 6. SURVEY 11683 87 th Street N Largo, Florida 33773 727 585 2070 naitampabay.com
SECTION 7. SURVEY Schematic Design Redington Long Pier Renovation and Condominium Building 17490 Gulf Boulevard Redington Shores, FL 33708
SECTION 8. DEMOGRAPHICS 11683 87 th Street N Largo, Florida 33773 727 585 2070 naitampabay.com