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Property profile & analytics
OFF-MARKET Estimated value $1,575,000
Turn key restaurants

1575 Ft Harrison Ave Clearwater, FL 33756-2004

3,371 SF 0.45 ac lot Built 1984
Entity Owned ~ Est. High Equity
Property ID
US18-4253567
Property summary
AI-generated overview

This exceptional Clearwater restaurant presents a unique investment opportunity. The 3,371 square foot, free-standing building sits on a 0.45-acre lot at 1575 S Ft Harrison Ave, in the highly desirable 33756 zip code. Built in 1984, this single-tenant property boasts 100% occupancy with a current NNN lease in place for five years, plus two five-year options, featuring a 3% annual rent increase. The restaurant, a renowned establishment serving Mediterranean and American cuisine, including artisan pasta and seafood, also features a full-service bar. Its elegant interior design creates a warm and inviting ambiance. The property's prime location, near affluent communities and the Pelican Club, ensures high visibility and consistent clientele. The asking price of $1,600,000 ($420.83/sq ft) includes the real estate, business license, and equipment. This turnkey operation offers significant income potential and a strong reputation within the Tampa Bay area. The property's total square footage is 3,802, with a separate private dining room. This is a rare opportunity to acquire a thriving, award-winning restaurant in a prime Clearwater location.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1984
Construction CONCRETE BLOCKS
Total area 3,371 SF
Lot 0.45 ac (19,423 SF)
APN 21-29-15-00000-440-2100
UPID US18-4253567
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
  • Daily News Restaurant - Nana’s Kitchen Restaurant
  • Shnookums Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.36M
Blend (final) Blend
$1.58M
Owner & transaction history
Tazza Ranch LLC
Tazza Ranch LLC
since 2025
Last sale
$1.8M
7 recorded transactions
2025
$1.8M
2022
$750,000
2015
$525,000
2011
$360,000
2005
$550,000
1999
$413,300
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $2.0M +14.6%
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