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: |
$3,250,000 |
| Unit Price: |
$135.78 PSF |
| Property Use Type: |
Net Leased Investment (NNN), Investment |
| Building Name: |
Buccaneer Plaza |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
7.0% |
| Last Updated: |
7/2/2020 |
Overview / Comments
Broker: Ned Willis - NWillis@VectorRealty.com - 727-481-3356
Agent: Doug Studer - DStuder@VectorRealty.com - 813-507-7946
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 and Winz Lash & Brow.
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 |
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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