2441 Bay DrLargo, FL 33770

Property Details for 2441 Bay Dr

Year built

1972

Construction

CONCRETE BLOCKS

Lot size

0.37 AC

Property size (Sq ft)

2,819 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

32-29-15-55350-012-0010

APU

322915553500120010

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $807,851

  6.5%

  $745,708

  7%

  $692,444

• Comparable approach

  Method

  Valuation

  Relative Method

  $783,416

  Geo Method

  $783,416

• Alternative Use

  Use

  Valuation

  Residential

  $629,033

  Hospitality

  $576,191

  Educational

  $479,384

  Medical

  $495,871

  Retail

  $745,708

Location Insight

City

Largo

County

Pinellas

State

Florida

Latitude

27.9164

Longitude

-82.8139

CBSA code

45300

CBSA name

TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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