Leo's Italian Grill

Retail-Commercial for Sale
Catylist Listing ID: 30806079
Property Subtypes: Car Wash, Convenience Store, Day Care Facility, Free-Standing Building, Mixed Use, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub
Building Size (RSF): 9,339 SF
Gross Building Area: 9,519 SF
Gross Land Area: 1.45 Acres
Sale Price: $2,950,000
Unit Price: $315.88 PSF
Property Use Type: Investment, Business
Building Name: Leo's Italian Grill
Usable Size (USF): 9,339 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/7/2022

Overview / Comments

Leo's Italian Grill has been a successful & popular one for dining, music band, dance and spectacular full liquor bar. In addition to the large dining room, there are two banquet rooms for special & private events. Leo's survived the pandemic with creative take outs and famous Leo's pizza. Beautiful dining with a spectacular charming full bar & large kitchen.

Great location, excellent exposure & visibility on US Hwy 19 N. in Palm Harbor suitable for redevelopment to car wash, modern self storage, mic retail, office and hotel. Business value, equipment, fixture and inventory are not included in the price.

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pinellas
Taxing Authority: Pinellas County
Tax ID/APN: 16 28 06 00000 340 0100
Zoning: CP-1
Retail Clientele: General, Family, Business, Tourist, Convention, Other
Property Visibility: Excellent
Largest Nearby Street: US HWY 19 N
Traffic/Vehicle Count: 55,309
Highway Access: Excellent- US HWY 19 N
Airports: Tampa International, St Pete/ Clearwater
Site Description: Excellent site for redevelopment
Area Description: Great business area including super markets, Drug stores, restaurants, mixed retail and great residential neighborhoods.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Average
Year Built: 1989
Roof Type: Flat
Construction/Siding: Block, Concrete
Total Parking Spaces: 100
Parking Type: Surface
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Interior Description: Dining, stage, bar, banquet rooms and large kitchen with service are. Mens and women bathrooms.
Zoning Description: Commercial CP-1
Lot Frontage: 210'
Lot Depth: 300'
Water Service: Municipal
Sewer Type: Municipal
Legal Description: N210FT OF W 300FT OF E 400FT OF SE 1/4 OF SW 1/4 CONT 1.45 AC 06-28-16-00000-340-0100

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,123 97,451 187,103
Median Age: 51.46 49.72 49.32
Households: 7,649 44,373 85,603


Photograph of Listing Agent

Fayez (Victor) S Suhweil

Ideal Realty Advisors, LLC
CE-FL Member
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