An unique investment opportunity awaits you at the convergence of two bustling roads in Central Pinellas County. Little Saigon Plaza sits on 6.5 acres of land just south of the fork of US 19 N and 66th St. with frontage on both. The plaza is at 100% capacity, with strong, historied tenants offering just under market rates giving investors plenty of upside. The building is a 64,388 sq ft strong block structure located high and dry in an X flood zone. The plaza has 39 tenant spaces, ranging from 900 to 11,000 sq ft a piece. The property sees over 90,000 vehicles per day from US 19 and 66th St. And accessing the property is a breeze since it has a signaled intersection on 66th St and access to a Frontage road on US 19. The surrounding area has a very dense population with approximately 102,000 people within 3 miles and a average household income of $53,000.00. The land including the undeveloped parcel is zoned CG, providing a diverse amount of development options
Financial Considerations
Price:
$8,500,000
HOA Fee:
N/A
Tax Amount:
$87996.91
Price per SqFt:
$113.49
Tax Legal Description:
PINELLAS GROVES SW 1/4, SEC 05-30-16 PART OF LOT 6 DESC AS FROM NW COR OF SW 1/4 TH "S89D48'52""E 150.02FT TH" "S00D46'24""E 40.01FT FOR" "POB TH S89D48'51""E" 276.33FT TH CUR RT RAD 80FT ARC 89.25FT CB S58D "23'01""E 84.69FT TH S26DE" "382FT(S) TH S 00D42'36""E" "235.2FT TH N89D49'40""W" "516.3FT TH N00D46'24""W" 620.49FT TO POB