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$2,200,000

Active

5611 US Highway 19, Palmetto, FL 34221

5,247 sq ft

Listing courtesy of RE/MAX ALLIANCE GROUP · MLS# A4688695

208 days on market

Refreshed from the Stellar MLS feed . This listing’s MLS record last changed .

About this property

Located at 5611 US 19, this exceptional waterfront property—formerly known as Crab Trap I and The Sea Hut / Catcher's Net—is now available for sale. Positioned along one of Florida's most traveled corridors with 350 feet of frontage and set on the shores of Terra Ceia Bay, this highly visible corner offers stunning water and mangrove views, creating the perfect backdrop for unforgettable sunsets and an authentic Florida dining experience. The expansive outdoor space is designed for entertainment, featuring a spacious lawn area perfect for live music and events, a charming tiki bar, and an additional floating deck overlooking the water—offering multiple revenue-generating opportunities and a vibrant guest atmosphere. The property has already undergone significant renovations, including new electrical, new A/C, and new windows, and to help a new owner bring their vision to life, the seller is offering an improvement allowance to put toward a new roof and finishing the interior buildout. Existing infrastructure includes the original hood system and grease traps, providing a valuable head start for restaurant operations. A 4COP QUOTA liquor license is available for purchase separately—a quota license allows package sales with no food requirement, making the property ideal for use as a liquor store, bar, or destination restaurant, as well as an event venue or a variety of other commercial uses. With PDMU/CH general commercial zoning, 55 parking spaces, and high traffic exposure on US 19 in a rapidly growing area, this is a rare opportunity to establish a thriving business—or to reimagine the site through redevelopment—in a prime waterfront setting. Owner financing may be available for qualified buyers. Property Highlights Waterfront on Terra Ceia Bay with panoramic water and mangrove views 350' of frontage and signage on US-19 — exceptional visibility and traffic exposure 0.83-acre corner lot with 55 parking spaces Seller-offered improvement allowance toward a new roof and interior buildout 4COP quota liquor license available separately (package sales, no food requirement) Versatile use: restaurant, bar, liquor store, event venue, or other commercial uses Recent improvements: new electrical, new A/C, and new windows Original hood system and grease traps in place — a head start for restaurant buildout Multiple revenue areas: event lawn, tiki bar, and floating deck over the water PDMU/CH general commercial zoning — strong redevelopment potential Owner financing may be available for qualified buyers

Facts

Property type
Restaurant
Year built
1954
Flood zone
AE
Annual taxes
$6,226/yr
Listed
Apr 1, 2026
MLS #
A4688695

Commercial details

Building & site

Building size
5,023 SF
Lot size
0.84 acres (36,434 SF)
Zoning
PDMU
Ceiling height
16 to 22 Feet
Road frontage
County Road
Buildings
1
Occupancy
Owner-occupied
Building features
Bathrooms, Outside Storage

Investor metrics

Price per SF (MLS)
$437.99/SF

As reported by the listing broker in the MLS. Not verified by Lasbury-Tracy Realty — confirm with the listing broker before relying on them. We never estimate a cap rate.

Price & status history

  1. Listed for $2,500,000
  2. Price reduced to $2,200,000

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Pick a day that suits you — a licensed Lasbury Tracy agent confirms personally, usually within minutes. No account needed.

5611 US Highway 19, Palmetto, FL 34221

Listing courtesy of RE/MAX ALLIANCE GROUP · MLS# A4688695 · Active

How would you like to see it?
Which day?
What time of day?

In person · Thu, Oct 29 · Morning (9-12)

No account, no obligation. Prefer to talk? (941) 474-5585

Where this property is

Opens on aerial — on this coast the canal, the lot and the neighbours answer more questions than a street grid does.

Similar properties

Listing information is provided in part by Stellar MLS, as distributed by MLS GRID. Based on information submitted to the MLS as of Oct 28, 2026, 10:07 PM (ET). All data is obtained from various sources and may not have been verified by broker or MLS. All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website.

Lasbury Tracy Realty Inc. · [email protected]