For Sale
$5,250,000

1114 Florida Ave Palm Harbor, FL 34683

8,300 SF Restaurant, Vacant, $5.25M

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional Class A, 8,300-square-foot restaurant building presents a unique investment opportunity in the heart of historic downtown Palm Harbor, Florida. Built in 2022, this two-story, corporate-owned property sits on a 0.31-acre lot and boasts state-of-the-art construction, high-end finishes, and premium window packages throughout. The interior features a fully equipped kitchen and bar, valued at $1 million, with all furniture, fixtures, and equipment (FF&E) included. The spacious layout comfortably accommodates 275 diners, with seating for 175 on the first floor and 100 on the second. Utility costs average $5,000 monthly for electricity, $1,200 for gas, and $1,200 for water. A complete FF&E inventory list is available. The property's strategic location within a densely populated area offers significant potential for success in the thriving dining and entertainment sector. A long-term overflow parking lease is included in the sale. This turnkey operation is ideal for a variety of concepts, including a test kitchen or ghost kitchen. The property is currently vacant, providing immediate occupancy for the new owner. The sale is motivated by the owner's health reasons.

Highlights

  • Class A, 8,300-square-foot restaurant building in historic downtown Palm Harbor, FL.
  • Newly constructed (2022) two-story building on a 0.31-acre lot.
  • Features a $1 million fully equipped kitchen and bar, including all FF&E.
  • Seats 275 diners (175 first floor, 100 second floor).
  • Average monthly utilities: $5,000 electricity, $1,200 gas, $1,200 water.
  • Includes a long-term overflow parking lease.

Property Details for 1114 Florida Ave

Property type
Retail properties, Restaurants
Square Feet
8,300 SF
Class
A
Year Built
2022
Stories
2

Location Insight

City
Palm Harbor
County
Pinellas
State
Florida
Latitude
28.077969229785
Longitude
-82.765853011279

FAQs

What type of property is this?
Retail property - 8,300 SF Restaurant, Vacant, $5.25M
Where is the retail property located?
The property is located at 1114 Florida Ave Palm Harbor, FL.
What is the asking price?
The asking price for this property is $5,250,000.
What are key features of this property?
This property features: Class A, 8,300-square-foot restaurant building in historic downtown Palm Harbor, FL.; Newly constructed (2022) two-story building on a 0.31-acre lot.; Features a $1 million fully equipped kitchen and bar, including all FF&E.
How can I contact the broker?
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1114 Florida Ave
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