$515,000 • living size area 5602 sqft

**7.97% cap rate** retail strip center directly on seminole blvd and just around the corner from the bay pines va medical center and minutes to the gulf beaches of madeira beach! very busy location with high traffic count. major 6 lane, north/ south county rd. central location with professional offices on both sides of the property. property consists of 2 block buildings with updated rubber membrane roofing. the front building has over 4863 htd sq ft, currently 4 leased units, and the rear building has 1848 sq ft, consisting of 5 garages with 2 that have been converted into air conditioned studio/ storage space. plenty of parking in the front, sides and the rear of the property with 2 ada parking spots. there are 2 lighted pylon signs and plenty of signage on the windows. all units, including the garages, have their own electrical meters, 3 phase electric, and there are currently 3 water meters for the front bldg units. major updates to the larger unit (5288) in 2010 include i-beams, electrical, ac, rear door, flooring, ada ramp and ada baths. the other units have updated wall units, flooring and paint. all units currently leased with long-term leases in the front building and short-term leases in the back building.

Retail -

Basics

Features

Description

Similar Properties in this Area