Conventional Restaurant
For Sale
$1,100,000
1501 Clearwater Largo Road N, Largo, FL 33770
The sale includes an operating restaurant business together with the underlying land.
Property Size3,893 SF
Price / SF$282.56
Days on Market112
Property Features for 1501 Clearwater Largo Road N
General Information
Standard status
Active
Size
3,893 SF
Property subtype
Commercial
Additional Details
Business Included
Yes
Land Use
commercial, restaurant
Building Details
Year Built
2004
Listing Agency:
HUTCHESON REAL ESTATE
Listed By:
David Hutcheson · License #492454
(727) 458-7050
Source:
Realtygroupfl
Added: Jun 25
Changed: Oct 13
Last Checked: Oct 12 at 8:19PM
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 HUTCHESON REAL ESTATE
Investment Insights
Based on property information with market context.
This conventional restaurant property combines an operating food-service business with the land beneath it. The restaurant has operated at the site for over 30 years, providing an established commercial use and an existing operating history. The building was constructed in 2004.
The property is located at 1501 Clearwater Largo Road N in Largo, Florida. The sale includes both the restaurant operation and the real estate, allowing the next owner to continue the current use or pursue a new restaurant concept, subject to applicable zoning and approvals.
The property is located at 1501 Clearwater Largo Road N in Largo, Florida. The sale includes both the restaurant operation and the real estate, allowing the next owner to continue the current use or pursue a new restaurant concept, subject to applicable zoning and approvals.
Key Highlights
- Restaurant business and underlying land included in the sale
- Operating at the site for over 30 years
- Building constructed in 2004
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,271
Cap Rate
3.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$865,420
$865.4K
Cap Rate 7%
$618,157
$618.2K
Cap Rate 9%
$480,789
$480.8K
Market Conditions
NOI Build-Up for 3,893 SF
Gross rent
$60.7K $15.60/SF
− Vacancy
−$3.0K −$0.78/SF
EGI
$57.7K $14.82/SF
− OpEx
−$14.4K −$3.70/SF
NOI
$43.3K $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%
$865,420
Cap Rate 7%
$618,157
Cap Rate 9%
$480,789
Alternative Uses
Best Use
Specialty Retail
$618.2K
$540.9K – $721.2K
NOI $43,271 @ 7.0% cap · market cap 3.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.01M
$886.0K – $1.18M
NOI $70,882 @ 7.0% cap · market cap 6.44%
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
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
876
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - The sale includes an operating restaurant business together with the underlying land.
Where is this conventional restaurant located?
The property is located at 1501 Clearwater Largo Road N Largo, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Restaurant business and underlying land included in the sale; Operating at the site for over 30 years; Building constructed in 2004
