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1220 Clearwater Largo Rd N Largo, FL 33770

Retail space Google Maps
2,330 SF 0.16 ac lot Built 1948
Individually Owned 11-yr Hold Absentee Owner Free & Clear
Estimated value (blended)
$165k
Range $149k – $182k (±10%)
Property ID US18-2255266

Property summary

AI-generated overview

This exceptional 2,330 square foot retail property is ideally situated on the bustling Clearwater-Largo Road in Largo, Florida. Its prime location offers easy access to both downtown Clearwater and downtown Largo, ensuring high visibility and foot traffic. Previously utilized as a restaurant, the property comes complete with existing restaurant equipment included in the sale price, representing a significant advantage for a buyer looking to quickly establish a food service business. Currently, the front portion of the building houses a smoke shop, which will vacate upon sale. The property boasts ample parking with 11 spaces available for customers and employees, along with two convenient bathrooms. The 0.16-acre lot provides a generous footprint for operations and potential expansion. This versatile space presents a unique opportunity for a variety of retail ventures, benefiting from its established infrastructure and highly desirable location. The asking price is $599,000. Don't miss this chance to acquire a thriving commercial property in a rapidly growing area. Serious inquiries only.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1948
Construction CONCRETE BLOCKS
Total area 2,330 SF
Lot 0.16 ac (7,083 SF)
APN 27-29-15-38970-023-0010
UPID US18-2255266

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
  • (Bike/Boat/Book/etc) Store Alternative Medicine Practice
  • Atm Currency Exchange Service

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$165k

Owner & transaction history

since 2014
4 recorded transactions
2014
$100,000
2013
$55,000
2010
Price N/A
1999
$100,000

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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