The Bank of America Building

Office for Sale
Sale Pending
Catylist Listing ID: 30393365
Property Subtypes: Office Building
Status: Pending
Building Size (RSF): 17,004 SF
Gross Building Area: 17,336 SF
Gross Land Area: 1.90 Acres
Sale Price: $2,800,000
Unit Price: $164.67 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: Bank of America
Class of Space: Class A
Usable Size (USF): 15,649 SF
Core Factor: 1.09%
Sale Terms: Cash to Seller
Cap Rate: 7.68%
Last Updated: 1/16/2022

Overview / Comments

This iconic "Trophy Property", now offered for sale.
Bank of America has a long-term commitment to this location.
The entire second floor is available for immediate occupancy by buyer, or may be leased for cash-flow.
The property may have additional development potential, or could be re-imaged & reconfigured to unlock added value.
This is an excellent location within the Belleair Bluffs business community; perfectly positioned to serve the beach communities and the Town of Belleair.
Contact listing broker to discuss detailed financials and to arrange a tour.

Entire 8827 sq ft on 2nd floor ready for lease at $25 PSF full service. Includes a well laid out ADA-compliant floor plan with private offices, large open work spaces, training rooms, Large IT room, break room, bathrooms and reception area at the elevator landing.

Call now to schedule your private tour of this prime office location!

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pinellas
Taxing Authority: City of Belleair Bluffs
Tax ID/APN: 32-29-15-88434-001-0010
Property Located Between: North of West Bay Drive and South of Mehlenbacher Rd.
Property Visibility: Excellent
Airports: 30 Minutes to St. Petersburg/Clearwater, 40 Minutes to Tampa Internantional
Site Description: The property is located just off of W Bay Drive on Indian Rocks Rd. Minutes from beautiful gulf beaches and downtown Belleair Bluffs. Large corner lot with plenty of parking.
Area Description: Great location, Pelican Golf Club & Belleair Country Club just down the road and beautiful gulf beaches minutes away. This very desirable trade market has limited opportunities of this type.
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1962
Year Renovated: 2008
Construction/Siding: Brick
Exterior Description: Red brick exterior construction with white columns, well manicured landscaping offering excellent curb appeal.
Parking Type: Surface
Parking Description: Paved surface parking on 1.9 acres site.
Total Parking Spaces: 95
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Zoning Description: The purpose of this district is to establish a commercial center at the juncture of the arterial roadway system that provides for a full range of commercial and service facilities to serve the needs of the community in a manner that encourages a consolidated and vital commercial center and discourages strip commercial activity beyond the center. This district shall include those areas on the Future Land Use Map designated as Commercial General (CG).
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress, Utilities, Other
Easements Description: Easements provide perpetual access to West Bay Drive, provide cross-access to neighboring property, limited shared parking and utilities.
Land Ownership: Owned.
Legal Description: SUN VILLAGE SUB BLK 1, LOTS 1, 2 & 3 TOGETHER WITH PART OF TRACT A ALL DESC BEG NE COR OF SD LOT 3 TH S00D16'58"W 293.51FT TH N89D03'38"W 116FT TH S00D16'58"W 63.10FT TH N89D03'38"W 116FT TH N63D57'10"W 103.02FT TH N28D03'50"E 359.39FT TH CUR RT RAD 40.79FT ARC 64.08FT CB N73D03'50"E 57.69FT TH CUR LT RAD 224.67FT ARC 106.36FT CB S75D29'54"E 105.37FT TO POB

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,502 94,369 228,056
Median Age: 50.03 48.73 46.86
Households: 5,466 44,879 102,554


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