This is an excellent commercial real estate investment opportunity in the popular Belleair Bluffs area. Fully occupied and generating a strong NOI, this attractive brick building boasts beautiful curb appeal and a large, lighted pylon sign for maximum visibility for your business tenants. The high-profile retail and residential mixed-use building is situated on a busy corner lot next to Truist Bank, close to Bonefish Grill, Panera Bread, and other shops and restaurants, ensuring ample foot and drive-by traffic. Residential leases are all month-to-month, providing flexibility for the new owner. There's potential to increase NOI by $100k upon lease expirations. Seize this prime commercial real estate opportunity today! Rent roll and financials available upon request with NDA.
Financial Considerations
Price:
$2,475,000
HOA Fee:
N/A
Tax Amount:
$25344
Price per SqFt:
$246.37
Tax Legal Description:
WELCH, JEWEL SUB BLK B, THAT PART OF LOTS 1 & 5 DESC AS BEG SE COR OF SD LOT 1 TH N88D55'25"W 150.82FT TH N00D52'25"E 91.68FT TH S88D55'25"E 197.83FT TH S28D03'50"W 102.92FT TO POB