Catylist ID: #30796243
Belleair Bluffs Retail Investment Opportunity
Shopping Center for Sale
|Catylist Listing ID:||30796243|
|Property Subtypes:||Neighborhood Center|
|Building Size (RSF):||3,804 SF|
|Gross Building Area:||4,040 SF|
|Unit Price:||$197.16 PSF|
|Property Use Type:||Investment|
|Sale Terms:||Cash to Seller|
Overview / Comments
This is a 3-unit retail building in the Belleair Bluffs community.
Stable tenants with leases in place at below-market rates.
New roof in 2020, three HVAC systems replaced in 2021, property is in very good repair.
Paved surface parking in front and back.
500 SF garage structure in back is leased to retail tenants for storage.
This property is in one of the most desirable trade markets in the Tampa Bay metro.
Upside on rents and growth in the Belleair market make this a very stable long-term investment opportunity.
Current NOI will not support the offering price - but the location and condition make this an excellent buy and hold investment.
Attachments & Media
|Finance Data Year||2022|
|Net Operating Income||$42,862 (Annual)|
|Gross Operating Income||$55,392 (Annual)|
|Actual or Proforma Year||Proforma|
|Nearest MSA:||Tampa-St. Petersburg-Clearwater|
|Taxing Authority:||City of Belleair Bluffs|
|Tax ID/APN:||15 29 32 95850 002 0010|
|Proximity:||1 mile||3 miles||5 miles|
John A. SkicewiczColdwell Banker Commercial NRT CE-FL Member
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