You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.

1575 Ft Harrison Ave Clearwater, FL 33756-2004

OFF-MARKET Turn key restaurants Google Maps
3,371 SF 0.45 ac lot Built 1984
Entity Owned ~ Est. High Equity
Estimated value (blended)
$410k
Range $369k – $451k (±10%)
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

Current use

Occupant on record · Public records
  • Restaurant
  • 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
$410k

Owner & transaction history

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

Top alternative use upside
Auto repair, garage $2.0M +14.6%

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1575 Ft Harrison Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message