Two-Story Restaurant with
1200 8th Avenue Sw 1, Largo, FL 33770
For Sale
New
$799,900
Restaurant equipment is included, and a separate office suite occupies the lower level.
Property Size3,951 SF
Price / SF$202.46
Days on Market3
Property Features for 1200 8th Avenue Sw 1
General Information
Standard status
Size
Restaurant
Patio
Equipment Included
Additional Details
Floor
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
1
Public Records
true
1.0208
2
false
Asphalt,Paved
Slab
City Street
3951
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Pineywoods Realty LLC
(813) 225-1890
Listed By:
Ryan Chamblee · License #3684206
(786) 888-1889
Source:
Pineywoodsrealtyfl
Added: Nov 7
Last Checked: Nov 8 at 3:53AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pineywoods Realty LLC
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Investment Insights
Based on property information with market context.
This 3,951-square-foot, two-story restaurant property sits on 1.0208 acres. The upper floor contains restaurant and bar space with indoor and outdoor seating, plus a commercial kitchen with equipment included. An office on the ground floor is leased. Built in 1959, the standalone building also has signage on the main road.
The existing restaurant use is legally non-conforming under the City of Largo. Continued restaurant operations may retain that status; a change of use would likely require City approval and may not be approved.
The existing restaurant use is legally non-conforming under the City of Largo. Continued restaurant operations may retain that status; a change of use would likely require City approval and may not be approved.
Key Highlights
- 3,951‑square‑foot building on 1.0208 acres
- Two‑story standalone property with restaurant and bar space upstairs
- Commercial kitchen equipment included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,339
Cap Rate
7.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,226,780
$1.2M
Cap Rate 7%
$876,271
$876.3K
Cap Rate 9%
$681,544
$681.5K
Market Conditions
NOI Build-Up for 3,951 SF
Gross rent
$106.7K $27.00/SF
− Vacancy
−$8.5K −$2.16/SF
EGI
$98.1K $24.84/SF
− OpEx
−$36.8K −$9.32/SF
NOI
$61.3K $15.53/SF
Area
Pinellas County, FL
Vacancy
8.00%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,226,780
Cap Rate 7%
$876,271
Cap Rate 9%
$681,544
Alternative Uses
Best Use
Mixed Use
$876.3K
$766.7K – $1.02M
NOI $61,339 @ 7.0% cap · market cap 7.67%
Second Best
Specialty Retail
$750.4K
$656.6K – $875.5K
NOI $52,531 @ 7.0% cap · market cap 6.57%
Theoretical Best
Office A
$1.03M
$899.2K – $1.20M
NOI $71,938 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
544
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33770, FL
25,475
Population
13,417
Households
1.9
Avg Household Size
50
Median Age
26%
College-Educated
90%
High-School Grad
5.2 sq mi
ZIP Area
4,899
Density / Sq Mi
$58,071
Median Household Income
$39,354
Median Earnings
$1,481
Median Rent
$245,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Conventional restaurants in Pinellas County, FL
Properties on Market for Conventional restaurants in Pinellas County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant equipment is included, and a separate office suite occupies the lower level.
Where is this conventional restaurant located?
The property is located at 1200 8th Avenue Sw 1 Largo, FL.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: 3,951‑square‑foot building on 1.0208 acres; Two‑story standalone property with restaurant and bar space upstairs; Commercial kitchen equipment included
