|
Turnkey Pizza Restaurant | Prime Largo Location
Located in the heart of Largo and directly across the street from Taylor Park, this unique standalone commercial property offers a rare opportunity to own a fully equipped, long-established pizza restaurant space. Situated just minutes from the beach on a lot just over 1 acre, the property blends visibility, accessibility, and versatility in one of Largo’s most active corridors.
The two-story building features the restaurant and bar on the upper level, complete with indoor and outdoor seating, a full commercial kitchen, and all equipment included, ready for immediate operation under a new name.
The site benefits from prominent signage directly on the main road, and is adjacent to Taylor Park, the popular disc golf course, and a soon-to-be public walking park, driving steady foot and vehicle traffic.
Property Highlights:
• Over 1 acre lot with a 2-story standalone building
• Pizza restaurant on second floor with bar and full kitchen (equipment included)
• Leased office space on first floor
• Zoned Condo - Commercial - Store
• Indoor & outdoor dining areas
• Large main road signage and high visibility
• Extra revenue from parking lot (RV rentals)
• Walking distance to Taylor Park and future walking park
• Minutes to the Gulf beaches
The current use of this property is legally non-conforming under the City of Largo. The site is presently zoned partly Medium Residential and partly Recreational. According to the City’s Planning Department, the only future land use/zoning change they would consider is a rezoning to full Medium Residential to make the property fully conforming. Medium Residential allows a density of up to 15 units per acre.
If the property continues operating as a restaurant, it may maintain its legally non-conforming status; however, any change of use would likely require City approval and may not be approved.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$799,900
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $639,920 | $639,920 | $639,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.250% | 5.490% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.313% | 6.398% | 5.710% |
| Monthly Tax Payment | $263 | $263 | $263 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,785 | $3,940 | $5,225 |
| Total Monthly Payment | $4,140 | $4,295 | $5,580 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.