$719,900

5787-5793 54th Avenue N.

KENNETH CITY FL, 33709

Description

Reduced nearly $50K! This property is an investors dream! This is a great opportunity to own a strip mall in St. Pete! Specifically includes 5787, 5789, 5791, 5793 54th Ave N and the neighboring lot, 5765 54th Ave N. The owner is turning 80 and looking to retire! His retirement is your gain as this strip mall is netting over 50k per year! Cap rate is about 7.5%. (See rent roll attached!) There are currently 3 tenants occupying 5 spaces, one of which is an empty lot. All of it is being sold together (2 parcels included in sale). All tenants have been there long-term and are on multi-year leases. Dont miss out on this great opportunity!

Details

MLS#U8068027
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1952
Days On Site452

Features

SQ Feet3,612
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Area Information
StateFL
CountyPinellas
CityKENNETH CITY
Zip Code33709
Area33709 - St PeteKenneth City
Listing VS Median (in 33709)
Price:
$719,900
low | high
Med:
$160,250
100% of Average
SqFt:
3,612
low | high
Med:
0
100% of Average
$ / SqFt:
$199
low | high
Med:
$0
100% of Average
On Site:
452
low | high
Med:
163.500000
100% of Average
Sourced by Back At You
Listing Updated: December 21, 2020 2:55:44 AM PST
Zachary Rummell LogoMLS Number: U8068027
Listing Provided By:
Zachary Rummell  of  APEX BROKERAGE INC

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