1114 Florida Ave
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1114 Florida Ave
8,100 SF 4-Star Retail Building Palm Harbor, FL 34683 £4,107,863 (£507/SF)
Investment Highlights
- 2022 Built (CLASS-A) High-Capacity Restaurant Opportunity
- $1.0 Million In FF & E
- Historical Old Palm Harbor
- Free Stand Structure
- Seats-275 plus
Executive Summary
This is an opportunity to own a State-of-the-Art 2022 Restaurant/Bar facility on .31 acres of land with 1.0 million dollars of kitchen, Bar, and all FF&E. The developer used all High-end Construction materials, fixtures, and Window packages. Perfect test kitchen or ghost kitchen concept. This property offers a buyer an enormous opportunity in the dense population of Historical downtown Palm Harbor, FL., for dining and entertainment. This restaurant seats 175 First Floor/100 Second Floor, totaling 275 seats. Utility averages Electric $5,000.00, Gas $1,200.00 & Water $1,200.00. Complete FF&E inventory list available upon request. The long-term overflow parking lease is conveyed at closing. This opportunity is particularly compelling due to health reasons necessitating a sale. If you or anyone you know might be interested, please don't hesitate to reach out for more details or to schedule a viewing.
Data Room Click Here to Access
- Miscellaneous
Taxes & Operating Expenses (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
£30,711
|
£3.79
|
| Operating Expenses |
£30,711
|
£3.79
|
| Total Expenses |
£61,422
|
£7.58
|
Taxes & Operating Expenses (Actual - 2024)
| Taxes | |
|---|---|
| Annual | £30,711 |
| Annual Per SF | £3.79 |
| Operating Expenses | |
|---|---|
| Annual | £30,711 |
| Annual Per SF | £3.79 |
| Total Expenses | |
|---|---|
| Annual | £61,422 |
| Annual Per SF | £7.58 |
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
8,100 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2022
Price
£4,107,863
Price Per SF
£507
Tenancy
Single
Number of Floors
2
Building FAR
0.60
Lot Size
0.31 AC
Zoning
2125 Restaurant, Cafeteri - 2125 Restaurant, Cafeteria
Parking
43 Spaces (5.31 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Restaurant
- Air Conditioning
Bike Score ®
Very Bikeable (75)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 01-28-15-88560-095-0600 | Total Assessment | £1,682,268 (2023) |
| Land Assessment | £303,411 (2023) | Annual Taxes | £30,711 (£3.79/sf) |
| Improvements Assessment | £1,378,857 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
01-28-15-88560-095-0600
Land Assessment
£303,411 (2023)
Improvements Assessment
£1,378,857 (2023)
Total Assessment
£1,682,268 (2023)
Annual Taxes
£30,711 (£3.79/sf)
Tax Year
2024
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1114 Florida Ave
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