940 Missouri AveLargo, FL 33770

Property Details for 940 Missouri Ave

Year built

1975

Construction

CONCRETE BLOCKS

Lot size

0.70 AC

Property size (Sq ft)

5,090 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

27-29-15-00000-430-0600

APU

272915000004300600

Description

This exceptional redevelopment opportunity presents a vacant, 5,090-square-foot freestanding restaurant building situated on a 0.72-acre lot in Largo, Florida. Located on a bustling main corridor, this property boasts unparalleled visibility and high foot traffic, benefitting from its adjacency to a Walmart and proximity to other national retailers. The building, constructed in 1975 and renovated in 2011, offers a single-story layout with a total of 5,090 square feet of net rentable space. The asking price is $4,900,000, translating to a price per square foot of $962.67. The property's strategic location within Pinellas County, at 940 Missouri Ave N, Largo, FL 33770, ensures significant exposure to a dense population base. This vacant site presents a unique chance for investors and restaurateurs to establish a thriving business in a high-demand area. The previous tenant was a Denny's, indicating the site's proven suitability for restaurant operations. This is an ideal opportunity to capitalize on the strong demographics and established commercial activity in this prime Largo location. The property's size and location make it an attractive investment for those seeking a high-visibility restaurant space in a thriving market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,458,659

  6.5%

  $1,346,455

  7%

  $1,250,279

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,414,540

  Geo Method

  $1,414,540

• Alternative Use

  Use

  Valuation

  Residential

  $1,135,785

  Hospitality

  $1,040,373

  Educational

  $865,578

  Medical

  $895,347

  Retail

  $1,346,455

Location Insight

City

Largo

County

Pinellas

State

Florida

Latitude

27.9251

Longitude

-82.7872

CBSA code

45300

CBSA name

TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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