1575 Ft Harrison Ave Clearwater, FL 33756-2004
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.
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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.