Buccaneer Plaza

Retail-Commercial for Sale
Catylist Listing ID: 30380352
Property Subtypes: Convenience Store, Mixed Use, Restaurant, Other
Building Size (RSF): 23,936 SF
Gross Building Area: See Agent
Sale Price: $3,500,000
Unit Price: $146.22 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/20/2019

Overview / Comments

Broker: Ned Willis - NWillis@VectorRealty.com | Agent: Doug Studer - DStuder@VectorRealty.com

Vector Commercial Real Estate Services is pleased to offer for purchase Buccaneer Plaza, a 23,936 square foot retail center located in Pinellas Park, Florida, near St. Petersburg. Buccaneer Plaza is 96.5% leased to eleven (11) local tenants including The Pizza Joint, Terra Mar Brazilian Steakhouse, Martial Gaming, Winz Lash & Brow, and Canna Doctors of America.

Notwithstanding the occupancy level, Buccaneer Plaza offers a new owner significant upside potential because of below-market rents, and gross leases that are being converted over time to net leases. Buccaneer Plaza is centrally located in Pinellas Park which is a municipality in Pinellas County between St. Petersburg and Clearwater. The center is located on 49th Street North, a main north-south commercial artery, and just south of Park Boulevard with a traffic count of 45,000 vehicles per day

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Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pinellas
Tax ID/APN: 16 30 33 10836 001 0060
Zoning: B-1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,361 135,293 321,436
Median Age: 40.96 42.97 43.83
Households: 6,247 57,813 143,480

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