1300 E Bay Dr - Storefront Retail/Office FOR SALE


Largo, FL 33771
$3,044,950 USD
727-235-1992
1300 E Bay Dr, Largo, FL for Sale
$3,044,950 USD
Storefront Retail/Office - FOR SALE
1/14
null | 6% Cap Rate

1300 E Bay Dr
Largo, FL 33771


HIGHLIGHTS

  • Hi Profile Retail Center
  • Long-Term stable tenant base
  • Best of the Best location

OVERVIEW

John Burpee & Associates is proud to present our newest exclusive listing. The East Bay Retail Center is located at 1300 East Bay Drive, Largo Fl 33771. This 19,190 Gross Sqft / 17,048 heated centrally located retail strip plaza is located directly on East Bay drive in a hi profile location. The property is currently 97% occupied with long-term tenants that have an average occupancy of 10+ years. Current ownership only does 1 year renewals allowing a new buyer the opportunity to structure long-term leases with the larger and established tenants. The property is situated on 1.74 Acres of land in the heart Largo Fl a vibrant growing municipality in Pinellas County Fl. The property is zoned Retail & Services and is located in an X flood zone that does not require flood insurance. The property has an over abundance of parking with 101 spots currently onsite. In addition, there is a long-term lease billboard on site that provides additional income. The current roof was installed in 2003 and appears to be in good condition as well as the parking lot that was overlaid in 2016 according to county permit records.

FOR SALE DETAILS

PRICE

$3,044,950 USD

PRICE/SF

$431 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.74 AC

LAND SF

75,794 SF

ZONING

Retail Strip

APN/PARCEL ID

35-29-15-70218-200-2200

ASK ABOUT THIS PROPERTY

John BurpeeJohn Burpee & AssociatesMore Info
727-235-1992

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John BurpeeJohn Burpee & AssociatesMore Info
727-235-1992

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