Standalone Two-Story
For Sale
$799,900
1200 8TH Avenue SW, Largo, FL 33770
Commercial Sale, LARGO, FL
Property Size3,951 SF
Lot Size1.00 Acre
Price / SF$202.46
Days on Market538
Property Features for 1200 8TH Avenue SW
General Information
Property type
Commercial Sale
Property subtype
Other
Appliances
Dishwasher, Dryer, Refrigerator, Washer
Subdivision
PINECREST CLUBHOUSE COMM CONDO
Directions
From alt 19 head W on 8th ave, located across the street from the entrance of Taylor Park.
Standard status
Active
APN
33-29-15-69135-000-0010
Size
3,951 SF
Lot size
1.00 Acre
Taxes and HOA fees
Tax Year
2024
Tax Description
PINECREST CLUBHOUSE COMMERCIAL CONDO UNIT 1 PINECREST CLUBHOUSE COMMERCIAL CONDO UNIT 2
Tax Annual Amount
3159
Legal Description
PINECREST CLUBHOUSE COMMERCIAL CONDO UNIT 1 PINECREST CLUBHOUSE COMMERCIAL CONDO UNIT 2
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Building Details
Year built
1959
Floors in Building
1
Building materials
Block
Listing Agency:
REK REALTY
(727) 584-0084
Listed By:
Adam Kimbrell · License #3312343
(727) 239-6751
Added: Apr 22, 2025
Changed: Aug 28
Last Checked: Oct 11 at 8:06PM
MLS# TB8377854
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This standalone restaurant property includes 3,951 square feet in a two-story block building. The restaurant and bar occupy the upper level, with indoor and outdoor dining areas, a commercial kitchen, and included equipment. The first floor contains leased office space, creating a mixed-use configuration within the building. Central air and public sewer serve the property, which was built in 1959.
Located at 1200 8th Avenue SW in Largo, the site is near Taylor Park and within minutes of the Gulf beaches. Prominent roadside signage supports the property’s commercial presence. The current restaurant operation is legally non-conforming under the City of Largo; continued restaurant use may maintain that status, while a change of use would likely require City approval.
Located at 1200 8th Avenue SW in Largo, the site is near Taylor Park and within minutes of the Gulf beaches. Prominent roadside signage supports the property’s commercial presence. The current restaurant operation is legally non-conforming under the City of Largo; continued restaurant use may maintain that status, while a change of use would likely require City approval.
Key Highlights
- 3,951‑square‑foot standalone restaurant building
- Two‑story block construction completed in 1959
- Upper‑level restaurant and bar with indoor and outdoor dining
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,915
Cap Rate
5.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$878,300
$878.3K
Cap Rate 7%
$627,357
$627.4K
Cap Rate 9%
$487,944
$487.9K
Market Conditions
NOI Build-Up for 3,951 SF
Gross rent
$61.6K $15.60/SF
− Vacancy
−$3.1K −$0.78/SF
EGI
$58.6K $14.82/SF
− OpEx
−$14.6K −$3.70/SF
NOI
$43.9K $11.11/SF
Area
Pinellas County, FL
Vacancy
5.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$878,300
Cap Rate 7%
$627,357
Cap Rate 9%
$487,944
Alternative Uses
Best Use
Specialty Retail
$627.4K
$548.9K – $731.9K
NOI $43,915 @ 7.0% cap · market cap 5.49%
Second Best
Industrial
$413.9K
$362.2K – $482.9K
NOI $28,976 @ 7.0% cap · market cap 3.62%
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.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,551
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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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Equipped dining and bar facility with indoor and outdoor seating, a commercial kitchen, and leased office space.
Where is this conventional restaurant located?
The property is located at 1200 8TH Avenue SW 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 standalone restaurant building; Two‑story block construction completed in 1959; Upper‑level restaurant and bar with indoor and outdoor dining
