Technical
Financial
Distress signals
Property profile

1114 Florida Ave Palm Harbor, FL 34683

OFF-MARKET
Turn key restaurants
Property ID
US18-4984679
6,156 SF 0.31 ac lot Built 2022
Individually Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional Class A, 8,300-square-foot restaurant building presents a unique investment opportunity in the heart of historic downtown Palm Harbor, Florida. Built in 2022, this two-story, corporate-owned property sits on a 0.31-acre lot and boasts state-of-the-art construction, high-end finishes, and premium window packages throughout. The interior features a fully equipped kitchen and bar, valued at $1 million, with all furniture, fixtures, and equipment (FF&E) included. The spacious layout comfortably accommodates 275 diners, with seating for 175 on the first floor and 100 on the second. Utility costs average $5,000 monthly for electricity, $1,200 for gas, and $1,200 for water. A complete FF&E inventory list is available. The property's strategic location within a densely populated area offers significant potential for success in the thriving dining and entertainment sector. A long-term overflow parking lease is included in the sale. This turnkey operation is ideal for a variety of concepts, including a test kitchen or ghost kitchen. The property is currently vacant, providing immediate occupancy for the new owner. The sale is motivated by the owner's health reasons.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2022
Construction CONCRETE BLOCKS
Total area 6,156 SF
Lot 0.31 ac (13,499 SF)
APN 01-28-15-88560-095-0600
UPID US18-4984679

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Physician
  • Restaurant
  • Accounting Firm Tax Preparation
  • Alternative Medicine Practice Spa & Massage Center

Location

1114 Florida Ave Palm Harbor, FL 34683-4331
Palm Harbor metro Census 27207 TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2020
Last sale
$475,000
2 recorded transactions
2020
Price N/A
2016
$475,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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