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    OFF-MARKET
    Bars & Pubs

    201 1st St, Leesburg, FL 34748-5150

    4,376 SF 0.26 ac lot Built 1925
    Individually Owned 5-yr Hold Free & Clear
    Property ID
    US19-0427052
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • LibertyX Bitcoin ATM Atm
    • Frank's Place Bar & Pub
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Heidi Hatfield Edwards · 5 yrs held
    Heidi Hatfield Edwards
    since 2021
    Last sale
    $88,000
    4 recorded transactions
    2021
    2010
    $88,000
    2006
    $550,000
    2004
    $275,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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