1080 Keene Rd - Bank FOR SALE


Dunedin, FL 34698
$2,600,000 USD
786-522-7056
1080 Keene Rd, Dunedin, FL for Sale
$2,600,000 USD
Bank - FOR SALE
1/34
null | 5.5% Cap Rate

1080 Keene Rd
Dunedin, FL 34698


HIGHLIGHTS

  • Been At This Location Since 1998
  • Multiple Five Year Renewals Options
  • No Landlord Responsibilities
  • Situated Along Two Bustling Throughfares With Over 47K VPD
  • Significantly Below Market Rental Rate
  • Strong Credit Tenant

OVERVIEW

Marcus & Millichap is proud to present for sale the Bank of America property located at 1080 Keene Road, Dunedin, FL 34698. This outstanding commercial real estate investment is strategically positioned near the high-traffic intersection of Main Street and Keene Road. The property offers dual access points from these major thoroughfares, with Main Street seeing a daily traffic flow of 47,500 vehicles and Keene Road attracting 25,500 vehicles daily. Since 1998, this Bank of America branch has served the Dunedin community and, as of June 2023, holds deposits approximately $200 million. It stands as the sole Bank of America location in Dunedin, with the nearest branch located approximately three miles away in Clearwater, FL. The property features significantly below market rental rates, enhancing its attractiveness as an investment. Main Street is a crucial route connecting Dunedin to Tampa, underscoring the strategic importance of this location. Situated just north of Clearwater and only a five-minute drive from Florida's picturesque west coast, this property offers investors a secure and profitable asset in a flourishing market

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$591 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bank of America

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,916 SF

ZONING

-

APN/PARCEL ID

26-28-15-00000-410-0120

ASK ABOUT THIS PROPERTY

Alex ZylberglaitMarcus & MillichapMore Info
786-522-7056

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Alex ZylberglaitMarcus & MillichapMore Info
786-522-7056

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.