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Property profile & analytics
OFF-MARKET
Turn key restaurants

1114 Florida Ave Palm Harbor, FL 34683-4331

6,156 SF 0.31 ac lot Built 2022
Individually Owned 5-yr Hold Free & Clear
Property ID
US18-4984679
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Buchanan’s Landing Coastal Cucina Restaurant
  • Forrest O. Marston, LMT Physician
  • Driftwood Restaurant
  • Freidinger Ted L CPA Accounting Firm Tax Preparation
  • Paula K. Sheldon, LMT Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Ira Acct 200212813 · 5 yrs held
Ira Acct 200212813
since 2020
Last sale
$475,000
2 recorded transactions
2020
Price N/A
2016
$475,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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