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    4501 66Th St Kenneth City, FL 33709

    Sponsored
    For Sale
    $9,100,000

    Florida Retail Center - $9.1M

    Property size:
    97,399 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 97,399 square foot shopping center in Kenneth City, Florida, presents a compelling investment opportunity. Anchored by Sprouts (shadow), At Home, and Five Below, the center boasts strong foot traffic and a 10-year lease with contractual rent increases, ensuring stable cash flow. Located at 4501 66th St, St. Petersburg, FL 33709, the property benefits from excellent visibility on 66th Street N (42,000 vehicles per day) and convenient access to 46th Avenue N (5,900 vehicles per day). Serving a robust customer base of over 157,000 residents within a 10-minute drive, boasting an average annual household income exceeding $82,000, this asset offers significant upside. The recent complete redevelopment minimizes future capital expenditures. Its prime location, just four miles from Gulf beaches and minutes from downtown St. Petersburg, further enhances its appeal. The property's proximity to major sports teams (Tampa Bay Rays, Buccaneers, Lightning) and Florida's largest seaport contributes to the area's thriving economy. The asking price is $9,100,000, translating to $93.43 per square foot. This is a rare opportunity to acquire a well-positioned, high-performing retail asset in a rapidly growing market.

    Property Features for 4501 66Th St

    General Information

    Property type
    Lifestyle centers
    Square Feet
    97,399 SF

    HighLights

    • Strong anchors: Sprouts (shadow anchor), At Home, and Five Below drive significant foot traffic.
    • 10‑year lease with contractual rent increases provides stable cash flow.
    • Strong customer base: Over 157,000 residents within a 10‑minute drive, with average household income exceeding $82,000.
    • Minimal future capital expenditures due to recent complete redevelopment.
    • Excellent visibility on 66th Street N (42,000 VPD) and convenient access via 46th Avenue N (5,900 VPD); four miles from Gulf beaches and minutes from downtown St. Petersburg.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kenneth City
    County
    Pinellas
    State
    Florida
    Longitude
    -82.726834
    Latitude
    27.8132989

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    FAQs

    What type of property is this?
    Lifestyle center - Florida Retail Center - $9.1M
    Where is this lifestyle center located?
    The property is located at 4501 66Th St Kenneth City, FL.
    What is the asking price?
    The asking price for this property is $9,100,000.
    What are key features of this property?
    This property features: Strong anchors: Sprouts (shadow anchor), At Home, and Five Below drive significant foot traffic.; 10-year lease with contractual rent increases provides stable cash flow.; Strong customer base: Over 157,000 residents within a 10-minute drive, with average household income exceeding $82,000.
    Request Owner's contact information
    4501 66Th St Kenneth City, FL 33709
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    Kenneth City, FL 33709
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4501 66Th St Kenneth City, FL 33709
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