Seafood Shack under contract to undisclosed buyer Lane shift in effect on Gulf Drive South

The road closure on 12th Street South will be in place until early fall.

BY LESLIE LAKE SUN CORRESPONDENT | llake@amisun.com

CORTEZ – The Seafood Shack is under contract for sale, but the listing agent is tight-lipped about the potential buyer.

Citing a confidentiality clause in the contract, the co-listing agent for the property, Realtor Dave Neff, said, “The property has not sold yet, but it is under contract. I am not able to disclose who the buyer is.”

Speculation on social media centers around the potential buyers being owners of a popular waterfront restaurant in Venice.

“There are rumors going around about who the buyer is, but those rumors are premature in nature and inaccurate,” Neff said.

The potential buyers are conducting their due diligence and a closing date will be several months out, he said. Due diligence typically involves an evaluation of liabilities and assets and a determination of a business’s potential before purchasing a property.

Neff said prior to acceptance of this contract, there had been a high level of interest in the property among restaurateurs, investors and marina operators.

“The likelihood that a restaurant and marina will continue to exist there is very high,” he said.

Annie’s Bait and Tackle, which has existed since the 1950s, is part of the Seafood Shack parcel. It is uncertain whether Annie’s, which sells bait and tackle, beer, ice, gas and food, will continue to exist once the new owners take over.

The Seafood Shack parcel at 127th Street West is listed by Neff and Elliot Rose of Coldwell Banker Realty. Only offers of $15 million or higher were considered, according to the property listing.

The 5.6-acre property is described on crexi.com as a: “Fully operational marina, restaurant and ancillary income streams from Jet-Ski/boat rental, with additional land for expansion of marina wet slips and dry rackominium boat storage.” The parcel also includes a submerged lease area.

The Seafood Shack Marina has been in existence for more than 42 years, according to the property listing, and is a waypoint marker (marker 49A) for boaters along the Intracoastal Waterway.

“These residential markets are experiencing unparalleled population growth and have very strong demographics. Located just south of the St. Pete and Tampa Bay area. Five minutes from the gorgeous open waters of the Gulf of Mexico. This Seafood Shack Marina is situated in one of the most desirable regions for acquisitions in the country,” according to the property listing.

BY LESLIE LAKE SUN CORRESPONDENT | llake@amisun.com

BRADENTON BEACH – To accommodate ongoing work for the city’s sewer project, traffic lanes will change on Gulf Drive between 11th and 13th Streets South.

The temporary lane shift will continue through late August, as the north and southbound travel lanes will be shifted west to route traffic around the sewer project construction zone.

During this time, the contractor will be installing new gravity sewer pipeline across Gulf Drive South at 12th Street South and along the east side of Gulf Drive South a few hundred feet south of 12th Street South.

The contractor will also begin the installation of gravity sewer pipeline on 12th Street South. Through early fall, that road will be closed to vehicular traffic as the pipe is installed along with lateral connections down 12th Street South.

A temporary parking area on the west side of Gulf Drive South for residents, tenants and guests of 12th Street South will be provided along with a free shuttle service from the parking area to the residences.