Remarks

Looking for a stable triple net investment opportunity in a prime location in Pinellas County You’ve found it! A stand-alone 2736SF recently renovated retail and office/rental income property on a large 1/2 acre lot (mol, 100’ x 200’) which includes a large rear commercial yard currently used as RV/Boat Storage, which is in high demand. High visibility with a large street sign and ample parking with multiple revenue streams. Currently the storefront is occupied by an international Hawaiian Ice franchise with a secure 5 year term NNN lease with renewals. This tenant is in the final stages of a major build-out, adding value to the property. Tenants pays a prorated share of operating expenses. The yard stores over 10 boats at an average of $200/boat. Easy property to manage with high steady income. In addition there is a 2nd floor completely renovated and spacious 2 room, 1 full bathroom space with a fully renovated and fully equipped modern kitchen, LVP flooring, recessed lighting, new AC, new water heater and more. This busy business corridor is home to several national brands and other thriving businesses. Over 37000 vehicles per day pass by this property. You don’t find a lot of properties with so many options to produce income with a favorable cap rate return on asking price. Don’t miss out on this dynamic and profitable opportunity.

Details

MLS#: TB8324245
Price: $1,300,000

Style: Retail
Sq Ft: 2736
Year Built: 1955

County: Pinellas
Tax Fee: 5475