2615 MLK

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30737414
Property Subtypes: Free-Standing Building, Street Retail
Status: Pending
Building Size (RSF): 5,439 SF
Gross Building Area: See Agent
Gross Land Area: 14,634 SF
Sale Price: $1,200,000
Unit Price: $220.63 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/23/2021

Overview / Comments

Ned Willis, Broker | 727-823-1230 ext 230 | nwillis@vectorrealty.com

This four-unit retail strip center is located in the revitalized area of Dr. MLK Jr. St. N. between 22nd and 38th avenues. In the span of these 16 blocks, major local retailers and restaurants such as Rollin' Oats, Ace Hardware Trip's Diner, Winn Dixie, 7-11, Casual Clam, Baycrest Vet Hospital, Metrix Fitness, a US Post Office, Xtreme Fitness, Alexander Orthopaedics and more drive traffic to the area. Excellent street exposure with on-site parking, this property is well-suited for an investor looking for a long-term hold with future upside.

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Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pinellas
Tax ID/APN: 17 31 07 68814 000 0010
Zoning: CCT-1
Retail Clientele: General, Family, Business, Tourist
Property Visibility: Excellent
Highway Access: I-275
Airports: TPA, PIE
Tenancy: Multiple Tenants
Number of Stories: 1
Year Built: 1954
Total Parking Spaces: 18
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,548 129,569 266,019
Median Age: 41.29 41.81 42.51
Households: 9,445 57,629 116,649

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