For Sale
$1,600,000

1575 Fort Harrison AveClearwater, FL 33756

Successful Restaurant, High-Demand Area

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional Clearwater restaurant presents a unique investment opportunity. The 3,371 square foot, free-standing building sits on a 0.45-acre lot at 1575 S Ft Harrison Ave, in the highly desirable 33756 zip code. Built in 1984, this single-tenant property boasts 100% occupancy with a current NNN lease in place for five years, plus two five-year options, featuring a 3% annual rent increase. The restaurant, a renowned establishment serving Mediterranean and American cuisine, including artisan pasta and seafood, also features a full-service bar. Its elegant interior design creates a warm and inviting ambiance. The property's prime location, near affluent communities and the Pelican Club, ensures high visibility and consistent clientele. The asking price of $1,600,000 ($420.83/sq ft) includes the real estate, business license, and equipment. This turnkey operation offers significant income potential and a strong reputation within the Tampa Bay area. The property's total square footage is 3,802, with a separate private dining room. This is a rare opportunity to acquire a thriving, award-winning restaurant in a prime Clearwater location.

Highlights

  • Turnkey restaurant operation with strong income potential.
  • 3,802 SF free-standing building on a 0.45-acre lot in Clearwater's desirable 33756 zip code.
  • NNN lease in place for five years, plus two five-year options with a 3% annual rent increase.
  • Highly rated restaurant with a strong reputation and clientele, including celebrity patrons.
  • Option to purchase the business separately, or the entire property for $1,600,000 ($420.83/SF).
  • Includes real estate, business license, and equipment.

Property Details for 1575 Fort Harrison Ave

Property type
Retail properties, Restaurants
Square Feet
3,802 SF
Year Built
1984
Lot Size (sq. ft)
19,602 SF

Location Insight

City
Clearwater
County
Pinellas
State
Florida
Latitude
27.9399416
Longitude
-82.7978615
1575 Fort Harrison Ave, Clearwater, Florida

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1575 Fort Harrison Ave
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