Technical
Financial
Distress signals
Property profile

2441 Bay Dr Largo, FL 33770

OFF-MARKET
Turn key restaurants
Property ID
US18-2867987
2,819 SF 0.37 ac lot Built 1972
Entity Owned 20-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This thriving Largo, Florida restaurant presents a unique investment opportunity. Established in 1996 and renovated in 2014, this 3,695 square foot, single-story building sits on a 14,785 square foot lot and offers 2,819 square feet of net rentable space. The property boasts 20 parking spaces, a significant advantage in a high-traffic area. Currently operating as a popular breakfast and lunch spot, the restaurant recently expanded to include dinner service with a beer and wine license. With 130 seats, including both indoor and outdoor dining areas, and a fully equipped kitchen, the business benefits from a loyal customer base of locals and tourists. The current owner is retiring, presenting a chance for expansion, including the addition of a liquor license and potential building additions. Located near beaches and golf courses, this turnkey operation offers immediate income potential and significant upside. The asking price is $399,000, with a price per square foot of $107.98. This is a Net Lease (NNN) property. Don't miss this chance to acquire a well-established and profitable business in a desirable location.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1972
Construction CONCRETE BLOCKS
Total area 2,819 SF
Lot 0.37 ac (16,200 SF)
APN 32-29-15-55350-012-0010
UPID US18-2867987

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

Location

2441 Bay Dr Largo, FL 33770-1932
Largo metro Census 25211 TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$769k
Blend (final) Blend
$335k

Owner & transaction history

since 2005
4 recorded transactions
2005
Price N/A
2000
$300,000
1969
Price N/A
1969
Price N/A

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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