Building Size | 4,045 Square Feet |
Land Size | 0.18 Acres |
Zoning | Commercial |
Parking | 12 spaces |
Year Built | 1954 |
Property Type | Mixed Use, Retail |
Investment Type | Value Add |
Lease Type | Modified |
Subtype | Storefront |
Class | C |
Tenancy | Multi |
No. of Tenants | 3 |
Net Rentable | 3,604 sq ft |
Price/Sq Ft | $296.66 |
CapRate | 6.00% Pro-Forma |
Occupancy | 60% |
NOI | $36,000 |
Pro-Forma NOI | $72,000 |
Units | 4 |
Buildings | 1 |
Broker Co-Op | Yes |
Price/Unit | $300,000 |
Stories | 2 |
Rent Bumps | Yearly |
APN | 32-29-15-35640-002-0007 |
Marketing Description
KW Commercial and Bata Commercial Group proudly presents an unparalleled investment opportunity in the heart of Belleair, Florida – a mixed-use building that seamlessly blends luxury residential living with prime commercial space. This rare gem offers residential units, with 1/1 units currently leasing at $1,100 and $1,000 respectively, presenting a potential monthly income of $1,800.00 per unit. The extends to the commercial aspect, featuring a 2000 square foot unit for lease at a potential $3,000 per month, alongside a 280 square foot unit, currently occupied by a thriving Beauty Salon generating a monthly income of $900.
Located in the bustling city of Belleair Bluffs, this property boasts an enviable proximity to some of the nation's top beaches, providing an ideal setting for residents seeking both luxury and convenience. With a traffic count on the intersection exceeding 21,000, this mixed-use building stands as a prime investment opportunity. The strategic placement also ensures easy access to an array of restaurants and shops, making it an attractive destination for both residents and commercial tenants alike. Furthermore, the property offers off-street parking, enhancing its appeal and convenience for occupants.
Don't miss the chance to own this exceptional mixed-use building in a highly desirable location. Whether you're looking to capitalize on the lucrative residential leasing market or establish a successful commercial venture, this property in Belleair, Florida, is a rare find that promises both immediate returns and long-term growth potential. Act now and secure your stake in this thriving real estate market.
The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.
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