201 1st St, Leesburg, FL 34748-5150
This exceptional investment opportunity presents a historic landmark in the heart of rapidly growing Downtown Leesburg, Florida. The property, located at 201 N 1st Street, encompasses a substantial 6,470 square feet on a 0.26-acre lot. The main building, boasting over 4,550 square feet of tastefully renovated space, houses a thriving restaurant, a full bar, and a popular pool hall. All are well-maintained and equipped for immediate operation. The sale includes a valuable 4COP liquor license, along with the majority of fixtures, furniture, equipment, and inventory. Adding to its versatility, the property features a significant outdoor component. A 2,000+ square foot covered pavilion and bandstand area, completed in 2011, provides ample space for outdoor events, complete with an additional kitchen and restroom facilities. This popular destination benefits from convenient access to ample public parking directly across the street. The asking price is $1,000,000. The buyer is responsible for documentary stamps and title insurance. All information is believed to be accurate but should be independently verified.
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Frank's Place Bar & Pub
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
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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.