1114 Florida Ave Palm Harbor, FL 34683-4331
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.