Pizza palace being replaced by 7-11?

[Dog Walker]

904 Margaret St is a contributing building in the historic district and trying to tear it down would take a big fight.

The owners of that building are currently in court fighting over it and until the court case is settled in a couple of years, no body can buy it.

The Pizza Palace building is NOT a contributing structure.

[Ernest Street]

Pizza Palace building is NOT a contributing structure.

Nor has Sysco Palace contributed anything unique to the food choices of this neighborhood.
They just stick to that Sysco sauce and bland "Italian Type Food"
Krystal's would be a major culinary step up to this place.

[ben says]

Is this the house in question? I've always loved that building. It would have made a fantastic property. I never did see how much they wanted for it, but I'm assuming it was zoned commercial.

Just drove by and called them up. $230k? What are they smoking? It's not even habitable. There are vines growing all through it. It'd cost at least $75k just to fix the damn thing up. Do I think it's worth what they're asking? Sure. But nobody is going to pay that with all the work it entails.

[Dog Walker]

Ben,  that is what the bank is still owed on it.  The owners are in dispute because one of them thinks it is worth $750K. 

There has been some restaurant interest in that building, but not at that price!

The building was built in the late '20's as a home and that neat molded concrete decoration is original.

[fsujax]

$230k.....really? Why are people so unrealistic?

[ben says]

Ben,  that is what the bank is still owed on it.  The owners are in dispute because one of them thinks it is worth $750K. 

There has been some restaurant interest in that building, but not at that price!

The building was built in the late '20's as a home and that neat molded concrete decoration is original.

Beautiful home, no doubt. But damn I hate banks. The price is unrealistic and basically ensures nobody can do anything productive with it. I don't know Florida law as far as deficiency judgments, but if they allow them, by god do it!! Sell the damn place and recoup the leftover balance with the owner. I hate to see property like this sit there and rot.

[RiversideLoki]

$230k.....really? Why are people so unrealistic?

Yeah, a lot of these property holders are just sitting on them waiting for "better times" that may or may not come. They were brought up in the industry during the bubble and don't want to change their ways. Just look at the mess that is the old Fuel space.

[ben says]

$230k.....really? Why are people so unrealistic?

Yeah, a lot of these property holders are just sitting on them waiting for "better times" that may or may not come. They were brought up in the industry during the bubble and don't want to change their ways. Just look at the mess that is the old Fuel space.

Don't get me started on the Fuel space...OR the old laundry on Oak...so damn stubborn, banks and individuals both.

[fieldafm]

Ben,  that is what the bank is still owed on it.  The owners are in dispute because one of them thinks it is worth $750K. 

There has been some restaurant interest in that building, but not at that price!

The building was built in the late '20's as a home and that neat molded concrete decoration is original.

Beautiful home, no doubt. But damn I hate banks. The price is unrealistic and basically ensures nobody can do anything productive with it. I don't know Florida law as far as deficiency judgments, but if they allow them, by god do it!! Sell the damn place and recoup the leftover balance with the owner. I hate to see property like this sit there and rot.

A definciency judgement is not an option on this one... there's a lot more going on with the ownership litigation than what has been said here. 

And no, Toney Sleiman does not own the property across the street.

[ben says]

Ben,  that is what the bank is still owed on it.  The owners are in dispute because one of them thinks it is worth $750K. 

There has been some restaurant interest in that building, but not at that price!

The building was built in the late '20's as a home and that neat molded concrete decoration is original.

Beautiful home, no doubt. But damn I hate banks. The price is unrealistic and basically ensures nobody can do anything productive with it. I don't know Florida law as far as deficiency judgments, but if they allow them, by god do it!! Sell the damn place and recoup the leftover balance with the owner. I hate to see property like this sit there and rot.

A definciency judgement is not an option on this one... there's a lot more going on with the ownership litigation than what has been said here. 

And no, Toney Sleiman does not own the property across the street.

Are they willing to take less than $230k is the question...called them earlier, didn't pick up. Plan on calling back soon.

[Timkin]

If that home is bulldozed to make way for a friggin 7-11 ,  We have definitely lost it.   Bulldoze the Pizza Palace and the Convenience Store Across post from it.  that entire plaza is a dump.  or the Gas Station on the opposite corner of Post/Margaret.  It would be insane to destroy a circa 20's home for this purpose.

[cline]

Yeah, I don't have a problem with converting the Pizza Palace to a 7-11 but bulldozing that house for one is no good at all.

[The Compound]

Well it appears that Pizza Palace is closed. Its closed right now and paper is up on all the windows. There are some paper signs up on the windows. I'll have to drive up for a closer look to see what they say.

[ben says]

Well it appears that Pizza Palace is closed. Its closed right now and paper is up on all the windows. There are some paper signs up on the windows. I'll have to drive up for a closer look to see what they say.

Interesting....

[funwithteeth]

The sign says that this location has closed to make way for a "National Chain"â€"using quotes here because it was capitalized just like that in the signâ€"and to please visit their other locations.

Welcome, 7-11!