5611 US HIGHWAY 19, Palmetto, FL, 34221 | $2,500,000

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

Features

  • Property Type: Restaurant
  • Construction: Wood Frame
  • Cooling: Central Air
  • Year Built: 1954
  • Approx Sq. Feet: 5,247
  • Acreage: 0.84
  • Est. Taxes: $6,226
  • Lot Desc: Corner Lot, Waterfront
  • MLS#: A4688695
  • Days on Market: 89 days
  • Website: https://www.raveis.com
    /prop/A4688695/5611ushighway19_palmetto_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is 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. (last updated 7/12/2026 8:32:38 PM)

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5611 US HIGHWAY 19, Palmetto, FL, 34221

$2,500,000

The Cornerstone Team

Sales Associate

William Raveis Real Estate

Phone: 203.733.9382

cornerstoneteam@raveis.com

Matthew DeMaria

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 845.290.3871

Matthew.DeMaria@raveis.com

NMLS Mortgage Loan Originator ID 147983

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $2,000,000 $2,000,000 $2,000,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.875% 6.125% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.277% 6.223% 6.183%
Monthly Tax Payment $519 $519 $519
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $11,831 $12,152 $16,877
Total Monthly Payment $12,475 $12,796 $17,521

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.