This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Triple Net Free Standing Building 6.75% Cap 1575 S Fort Harrison Ave

3,371 SF Retail Building Clearwater, FL 33756 $1,600,000 ($475/SF) 6.75% Cap Rate

Investment Highlights

  • Triple Net Lease, The Tenant, 5 Stars Restaurant Rated Number one in Tampa Bay,
  • Amazing Interior Design, Restaurant, Caffe serving varieties of food, American, European, Mediterranean
  • Free Standing Building, Block , 3,802 Sq.Ft located on 0.45 Acre land with 212 foot facing the Major Rd Fort Harison

Executive Summary

Looking for an incredible triple net property free-standing building located on almost half an acre and Leased for 5 years Plus two options of 5 years, increased 3% every year by the unique best restaurants in Clearwater?! Then look no further. This gorgeous 5-star establishment has been recognized and awarded as one of the top restaurants in Tampa Bay magazine. Serving the perfect blend of Mediterranean and American cuisine, including but not limited to hand-crafted artisan pasta and delightful seafood specialties. Also, a full-service bar takes this fine dining to the next level. Located on .45 acres in world-famous Clearwater and just minutes from Belleair. Also, it is close to the ever-famous private Pelican Club and many others in the area. Just 1 mile from multimillion-dollar homes and communities in a very busy area off Ft. Harrison. The property boasts elegance, charm, and light, totaling 3,371 heated sqft. 100 seats and private dining are located in a separate room. The interior design is elegant and warm, with just the right ambiance and modern feel. Truly a gem this establishment is. Many from all over the world come to Clearwater to make reservations here. The asking price is only for the real estate, the business license, and all the equipment. Belong to the owner's business. Act now before it’s too late.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,371 SF
Building Class
B
Year Built
1984
Price
$1,600,000
Price Per SF
$475
Cap Rate
6.75%
NOI
$108,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.45 AC
Zoning
COM - Restaurant
Parking
30 Spaces (8.9 Spaces per 1,000 SF Leased)
Frontage
212 FT on Fort Harrison

Amenities

  • 24 Hour Access
  • Fireplace
  • Restaurant
  • Signage
Bike Score ®
Very Bikeable (76)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Fifth Third Bank
Gold's Gym
Bank of America
Checkers
Rent-A-Center
Esporta Fitness
Burn Boot Camp
Waffle House
ALDI
UFC Gym

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
21-29-15-00000-440-2100
Land Assessment
$254,880
Improvements Assessment
$390,120
Total Assessment
$645,000
  • Listing ID: 28795918

  • Date on Market: 6/19/2023

  • Last Updated:

  • Address: 1575 S Fort Harrison Ave, Clearwater, FL 33756

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}