Downtown St. Pete – Central Ave Restaurant & Lounge | 4COP SRX
Business Description
OWNER FINANCING AVAILABLE
Best Location in Downtown St. Pete – Fully Remodeled 2023
A rare chance to own a 250+ seat restaurant and lounge in the heart of Downtown St. Pete’s most iconic corridor — Central Avenue. This turnkey space has been completely remodeled in 2023, offering a modern buildout, updated equipment, and a layout that’s ready for both dining and nightlife.
Located directly across from a brand-new 300-unit luxury high-rise, the business is perfectly positioned for explosive growth. With high visibility, strong day-to-night foot traffic, and Central Ave frontage, this is one of the most desirable restaurant locations in the city.
Highlights:
5,790 SF + outdoor seating for 50
Total capacity: ~250+ guests (not including outside)
4COP SRX liquor license (full liquor, beer & wine; no food % requirement)
Two-story layout: lounge/bar + main dining
Full kitchen & modern infrastructure
Stage + entertainment ready space for live music, DJs, brunches, and events
Turnkey and move-in ready
Why This Opportunity Stands Out:
Unbeatable Location – Central Ave frontage in the heart of St. Pete’s dining & nightlife district
Built-In Growth – Across from 300 new luxury apartments with high disposable income
Upside Potential – Expand hours, add entertainment programming, or reposition concept for higher profitability
Fully Remodeled – No additional investment needed — start operating immediately
Owner Financing Available – Flexible deal structure for the right buyer
Perfect For:
Upscale restaurants • High-volume casual • Cocktail lounges • Event-driven concepts • Multi-unit operators expanding in Florida
This is more than a restaurant — it’s a flagship opportunity in one of Florida’s fastest-growing urban markets.
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.
Ad#:2380679
Best Location in Downtown St. Pete – Fully Remodeled 2023
A rare chance to own a 250+ seat restaurant and lounge in the heart of Downtown St. Pete’s most iconic corridor — Central Avenue. This turnkey space has been completely remodeled in 2023, offering a modern buildout, updated equipment, and a layout that’s ready for both dining and nightlife.
Located directly across from a brand-new 300-unit luxury high-rise, the business is perfectly positioned for explosive growth. With high visibility, strong day-to-night foot traffic, and Central Ave frontage, this is one of the most desirable restaurant locations in the city.
Highlights:
5,790 SF + outdoor seating for 50
Total capacity: ~250+ guests (not including outside)
4COP SRX liquor license (full liquor, beer & wine; no food % requirement)
Two-story layout: lounge/bar + main dining
Full kitchen & modern infrastructure
Stage + entertainment ready space for live music, DJs, brunches, and events
Turnkey and move-in ready
Why This Opportunity Stands Out:
Unbeatable Location – Central Ave frontage in the heart of St. Pete’s dining & nightlife district
Built-In Growth – Across from 300 new luxury apartments with high disposable income
Upside Potential – Expand hours, add entertainment programming, or reposition concept for higher profitability
Fully Remodeled – No additional investment needed — start operating immediately
Owner Financing Available – Flexible deal structure for the right buyer
Perfect For:
Upscale restaurants • High-volume casual • Cocktail lounges • Event-driven concepts • Multi-unit operators expanding in Florida
This is more than a restaurant — it’s a flagship opportunity in one of Florida’s fastest-growing urban markets.
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.
Ad#:2380679
About the Business
- Facilities & Assets
- Fully equipped kitchen with two walking coolers. Easy backdoor, access, or deliveries. Only one of its kind in its area with upstairs downstairs. Downstairs has its own access which allows possibility of its on identity. Two full bars, very high visibility location. Sits right in the heart of everything. Two sets of bathrooms, upstairs and downstairs. Room for over 50 Seats on the front sidewalk.
- Market Outlook / Competition
- Prime Location: With its prime positioning, the property is surrounded by popular entertainment destinations, boutique shops, and a strong mix of both residential and commercial developments. The area is a magnet for both locals and tourists, offering high visibility and a steady stream of foot traffic that drives strong business potential throughout the day and well
- Opportunities for Growth
- Possibilities are endless..!! listen more food driven culinary infrastructure this location is prime for high value, lunch dinner, and drinks into the late night. Exceptional location for a well run brunch. Surrounding area is drastically in need. Again, it’s unique architectural layout allows for a large volume dining experience and allowing the downstairs to take on its own identity for later in the evening and or separate entertainment venue. Surrounded with on street parking in the large parking lot in the back of the building.
About the Sale
- Financing Options
- OWNER FINANCING AVAILABLE! 4cop quota license for Pinellas County possibly available
Listing Info
- ID
- 2420733
- Listing Views
Listing ID: 2420733 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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