Catylist ID: #30297858
Cash Flow Investment Property / Lease space
Retail-Commercial for Sale
|Catylist Listing ID:||30297858|
|Property Subtypes:||Free-Standing Building, Street Retail|
|Building Size (RSF):||30,000 SF|
|Gross Land Area:||2 Acres|
|Unit Price:||$153.33 PSF|
|Property Use Type:||Net Leased Investment (NNN), Investment|
|Sale Terms:||Cash to Seller|
|Average Occupancy Rate:||100|
Overview / Comments
This property is offered for sale and lease. Available retail lease space options are 7,500 SF. Lease rate is $15 PSF Annual NN plus +/- $4 PSF Cam charges.
This commercial opportunity is perfect for an investor to generate a high cap rate return through re-tenanting the buildings or an owner occupant that wants to use the occupy some of the space while collecting rent on the remainder.
The property consists of 2 acres, with two retail buildings directly on US Hwy.19, currently configured for three tenants, plus a 10,000 SF warehouse structure fronting on Congress St.
Tampa Bay Millworks occupies the warehouse and a 5,000 SF showroom.
Two 7,500 SF retail suites (currently vacant) are ideal for home furnishings retail, or similar big-ticket retail sales.
This location is within a trade market with some of the best retail demographics in the Tampa Bay Metro.
Adjacent to Home Depot-anchored retail center.
Traffic counts of 80,000 vehicles per day, on average!
View all our commercial listings at www.CBCommercialTampaBay.com!
Attachments & Media
|Finance Data Year||2021|
|Net Operating Income||$365,000 (Annual)|
|Actual or Proforma Year||Proforma|
|Tenant Business Name||Tampa Bay Millworks|
|Nearest MSA:||Tampa-St. Petersburg-Clearwater|
|Taxing Authority:||City of Dunedin|
|Tax ID/APN:||182816000003401300 and 182816000003401310|
|Zoning:||GB - GENERAL BUSINESS|
|Property Located Between:||Curlew Rd. and SR 580|
|Largest Nearby Street:||US Hwy 19|
|Feet of Frontage:||300|
|Highway Access:||Directly on US Hwy 19|
|Site Description:||Fully improved home furnishings-related retail center.|
|Total Number of Buildings:||3|
|Number of Stories:||1|
|Construction/Siding:||Steel Frame, Vinyl Siding|
|Total Parking Spaces:||50|
|Air Conditioning:||Engineered System|
|Interior Description:||High-quality retail space. Three suites in front two buildings, plus a showroom with production space in the back building.|
|Zoning Description:||The City of Dunedin General Business (GB) zoning permits a broad variety of retail and commercial activities, specifically including the outdoor display of product (which is something that the County zoning will not permit).|
|Sewer Type:||Municipal, Storm|
|Easements Description:||FDOT drainage easement.|
|Legal Description:||Lengthy. Two parcels. See attached survey.|
|Proximity:||1 mile||3 miles||5 miles|
John A. SkicewiczColdwell Banker Commercial NRT CE-FL Member
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