Property profile

201 1st St Leesburg, FL 34748

OFF-MARKET
Bars & Pubs
Property ID
US19-0427052
4,376 SF 0.26 ac lot Built 1925
Individually Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Bars & Pubs
Use group NIGHTCLUB (COCKTAIL LOUNGE)
Year built 1925
Construction BRICK
Total area 4,376 SF
Lot 0.26 ac (11,110 SF)
APN 26-19-24-2600-000-02503
UPID US19-0427052

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
  • Atm
  • Bar & Pub

Location

201 1st St Leesburg, FL 34748-5150
Leesburg metro Census 30602 ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$70k

Owner & transaction history

since 2021
Last sale
$88,000
4 recorded transactions
2021
Price N/A
2010
$88,000
2006
$550,000
2004
$275,000

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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